Previous post Next post

Swiss salaries rise faster than inflation for the first time in 2 years

© Vsg Art Stock Photography And Paintings | Dreamstime.com

In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland.

This is the first time in two years that the average Swiss salary has grown faster than inflation. In 2017 and 2018 the real average salary fell -0.1% and -0.4% in real terms.

Overall, in nominal terms, average salaries rose more for women (+1.0%) than men (+0.9%).

Not everyone saw salaries rise in 2019. Salary movements ranged from -1.1% to +1.3% depending on the sector. Hi-tech manufacturing (+1.7%), scientific research (+1.7%) and financial services (+1.6%) workers received the largest nominal pay boosts. At the other end were lower-tech manufacturing (-0.9%), mechanics (-1.0) and people employed in catering and accommodation (-1.1%).

The average gross median salary in Switzerland was CHF 78,456 (US$ 82,970) in 2018.

 

Full story here
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
Previous post See more for 3.) Investec Next post
Tags: ,

Permanent link to this article: https://snbchf.com/2020/07/investec-swiss-salaries-faster-inflation-first-time-2-years/

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.