Development of Labour Market in the Czech Republic in Comparison to the Employabilty of University graduates

Abstract

Purpose of the article: The article is to present results of the research realized in the framework of the project: CZ.1.07/2.2.00/28.0328 and IGA/FaME/2013/030. The creation of the modular system of granting of credits in the bachelor study with a view to the motivation of the student in the form of professional positioning in accordance with developments on the labor market was realized the Faculty of Management and Economics (hereafter FaME) at TBU in Zlín. Methodology/methods: This paper consists of a quantitative analysis. The data was collected throughout the year 2011. During this period, FaME students filled in 718 questionnaires. The questionnaires offered 48 proffesions that were divided into 8 professional groups. The data gained from this research were analyzed and subsequently compared to vacancies data of the Ministry of Labour and Social Affairs (hereafter MoLSA) of the Czech Republic. Scientific aim: The aim of this article was to prove that the increasing number of university students and university graduates is negatively influencing the Czech labour market. The questionnaire provided a list of working position that students would like to obtain after their graduation or which working positions they prefer as more perspective regarding their future employment. The purpose of this artical is the mutual comparison of working positions which are required by FaME students and on the contrary, the working positions which are demanded by the companies on the labour market. The article presents results of research focused on the professional aspirations of the students, the development of the Czech labour market after 2008 and the development of the unemployment of university graduates. Findings: The article highlights the fact that rising unemployment on the Czech labour market due to economic recession began to strongly influence previously always employable university graduates. There are several causes of this situation, which are not just due to the economic recession, but also due to the lack of certain professions such as carpenters, lathemen etc. The research supports the opinion that professional neutrality of students and increasing contrast between the labour supply and labour demand cause problems on the Czech labour market. The findings of the survey indicate that companies ask for different professional aspirations than those which students are interested in. The growing number of young people who postpone their entry to the labour market through university study changes the labour market conditions. Their opportunities to find a job position corresponding to their education level are not as good as they used to be. It is because of the growing number of graduates that makes higher competition on the supply side of the labour market. Conclusions: This research supports the opinion that before 2008 almost every university graduate could find a suitable working position. Nowadays, when the number of university graduates is rising constantly, this fact is mirrored in the rising unemployment among university graduates.