Friday , March 29 2024
Home / le News / Swiss fact: 96% of Swiss workers earn more than 3,000 francs a month

Swiss fact: 96% of Swiss workers earn more than 3,000 francs a month

Summary:
A report published by the Swiss Federal Office of statistics, shows that only 4.3% of full-time1 workers earn CHF 3,000 or less per month2. The monthly figure is net of social security deductions, but includes one twelfth of the 13th bonus month typically paid in Switzerland. © Syda Productions | Dreamstime.com CHF 3,000 per month is CHF 36,000 a year, equivalent to US$ 36,250 or GBP 28,250, slightly above the annual UK median of GBP 28,0283. At the other end of the spectrum, only 5.6% of full-time Swiss workers earn over CHF 10,000 per month, and only 0.3% over CHF 20,000. 80% earn more than CHF 4,000, 54% earn more than CHF 5,000, 34% more than CHF 6,000, 22% more than CHF 7,000, 15% more than CHF 8,000, and 9% more than CHF 9,000. The cost of living is high in Switzerland so CHF 3,000 soon gets consumed by bills. The average working week for full-time workers in Switzerland is 41.7 hours, higher than in the UK (39.2 hours), but lower than in the US (47 hours). More on this:Swiss Federal Office of statistics 2016 report (in French) – Take a 5 minute French test now1 Those working at least 90 percent of full-time.. 2 2014 data. 3 Based on April 2016 weekly median earnings for a full-time UK worker GBP 539. Facebook and Twitter.

Topics:
Investec considers the following as important: , , , , ,

This could be interesting, too:

Investec writes Some relief on Swiss electricity bills in pipeline

Investec writes Recent Swiss fire deaths prompt calls for fire detectors

Investec writes Swiss National Bank surprises with interest rate cut

Investec writes 10-step guide to hiring an employee in Switzerland

A report published by the Swiss Federal Office of statistics, shows that only 4.3% of full-time1 workers earn CHF 3,000 or less per month2. The monthly figure is net of social security deductions, but includes one twelfth of the 13th bonus month typically paid in Switzerland.

© Syda Productions | Dreamstime.com

CHF 3,000 per month is CHF 36,000 a year, equivalent to US$ 36,250 or GBP 28,250, slightly above the annual UK median of GBP 28,0283.

At the other end of the spectrum, only 5.6% of full-time Swiss workers earn over CHF 10,000 per month, and only 0.3% over CHF 20,000.

80% earn more than CHF 4,000, 54% earn more than CHF 5,000, 34% more than CHF 6,000, 22% more than CHF 7,000, 15% more than CHF 8,000, and 9% more than CHF 9,000.

The cost of living is high in Switzerland so CHF 3,000 soon gets consumed by bills.

The average working week for full-time workers in Switzerland is 41.7 hours, higher than in the UK (39.2 hours), but lower than in the US (47 hours).

More on this:
Swiss Federal Office of statistics 2016 report (in French) – Take a 5 minute French test now
1 Those working at least 90 percent of full-time..
2 2014 data.
3 Based on April 2016 weekly median earnings for a full-time UK worker GBP 539.

Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *