wages in switzerland

Wages in SWITZERLAND

Plan

• General information

• Current average wage

• Deductions of initial wage (net wage)

• Wage statistic by different indicators

General information

- wages are the highest worldwide

- have slightly changed since 90s

- varies depending upon the economic sector

- there is no statutory minimum wage

Current average wage

• in 2012 it is around 76,145 CHF (78,500 USD)

Deductions

• Old-Age and Survivors’ Insurance (OASI), Disability Insurance (DI) and Income Loss Insurance: 5.05% of salary (without a ceiling)

• Unemployment Insurance (UI): 1% of salary (ceiling: CHF 126,000/year – CHF 1260 max)

• Occupational pension provision: approx. 7.5% of regular salary, depending on the age of the insured person and the pension scheme

• Non-occupational accident insurance: between 0.7 and 3.4% of salary (ceiling of salary: CHF 126,000/year –CHF 1260 max), depending on the branch.

Deductions

Net wage is less then initial by approximately 13% – 20%

Wage statistic by different indicators

By industry

By gender

By years of experience

By city

By company size

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