Wages in switzerland
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Transcript of 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
Thank you for your attention !