cloudfront

Swiss Salaries Show Real Growth In 2012

21 May 2013


Immigration News

Salaries in Switzerland are rising slowly but steadily. Last year they increased by an average 0.8 percent, according to government statistics.

Adjusted for negative annual inflation of 0.7 percent, salaries actually rose 1.5 percent in 2012, the Federal Statistical Office reports.

The nominal increase in 2011 was higher, at 1.0 percent, but last year saw the first increase in real wages since 2009.

Employees in almost all branches of industry saw their wages grow. The biggest increases were in the hotel and hospitality sector, where they rose an average 2.4 percent.

The Statistical Office said this was mainly due to an increase in minimum wages and in more workers receiving a 13th month’s wage.

Chemicals and pharmaceuticals and the machine industry also contributed to the overall wage jump. These key export sectors benefited from an improvement in the international economic situation.

An increase of just 0.7 percent in the financial and insurance service sectors reflected continuing insecurity following the 2008 crisis, the government office said.

A separate report by the economic forecaster KOF showed more firms were considering taking on new staff, Tages-Anzeiger reported.

The KOF employment indicator showed a 0.5 percent increase in April. Employment is forecast to grow in the second quarter for the first time since the second quarter of last year.

Source: http://www.thelocal.ch/20130429/swiss-salaries-show-real-growth-in-2012#.UZsa46LqHSk


QUICK ENQUIRY

  • Send me regular updates and alerts
Two Year Canadian Dream One day when I woke ...

Sxxxxx xxxxxL
Canada

CANADA VISA ( FEDERAL ...

Really good service provided on all the steps. ...

Pxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Skills assessment Approved. ...

Sxxxxxxxx xxxxxxxxxxU
Canada

ACS RESULT...

Hi, We have had a pleasant experience with Opulentus. ...

Axxxx xxxxx
Australia

AUSTRALIAN VISA...

Thanks a lot to the whole team for ...

Axxxxxxxx xxxxxE
Australia

AUSTRALIAN VISA...

Hello, The experience overall was very nice.Right from start,I ...

Gxxxxxx xxxL
Australia

AUSTRALIAN VISA...

I am writing to let you know how ...

Pxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

Appropriate guidance at each and every step. Opulentus ...

Nxxxxxxx xxxxx
Australia

AUSTRALIAN VISA...

Got it within time frame of 5 months ...

Axxxx xxx
Australia

AUSTRALIAN VISA...

Thanks for your valuable and professional support in ...

Sxxxxxxxxx xxxxxxI
Australia

AUSTRALIAN VISA...

View All