Human Capital - Ernst & Young - Czech Republic

The tax reforms in the Czech Republic have created opportunities and challenges for foreign investors and Czech businesses alike. Businesses are realizing that people are the most important factor of a company‘s success. In the increasingly competitive market with relatively high tax and payroll costs, people issues represent a crucial financial planning area.

Our Human Capital specialists work with clients to develop effective benefit and compensation schemes that reward and motivate their most valuable asset - their people. Our Czech Human Capital experts are part of the Ernst & Young's global team totalling over 2,700 staff who serve some of the largest multinational companies worldwide. Our Human Capital service delivery includes:

Global Mobility

• Global employment advisory - transformation of organizational structures, development of staff retention schemes for key employees, job description, setting up evaluation procedures, succession planning, career management and management development.
• Employment / compensation planning for expatriates - advice on employment structures from both corporate and individual perspectives, Czech and international income tax planning, social security and health insurance considerations. Analysis of relevant exchange control and labor law provisions.
• Czech personal income tax compliance - preparation and filing of personal tax returns, calculation of tax accruals for financial planning purposes, calculation of wages withholding tax requirements and compliance assistance.

Performance & Reward

• Remuneration schemes and strategies - assistance in defining objectives and appraisal systems, design and implementation of remuneration strategies, analysis of current client structures with the aim to amend them with tax - efficient incentive, bonus and retirement schemes.
• Equity participation plans - designing effective equity participation plans and other share option schemes, evaluation of the taxation costs for both the company and employees.