© Shaunwilkinson – Dreamstime If you have ever wondered how much employees in Switzerland get paid you can check with the online tool Salarium, created by the Swiss government. The information is compiled from a database of numbers from a salary survey done in 2014. After entering five required bits of information: region, business sector, occupation, professional position ...
Topics:
Investec considers the following as important: Featured, newsletter, Swiss Markets and News
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
If you have ever wondered how much employees in Switzerland get paid you can check with the online tool Salarium, created by the Swiss government.
The information is compiled from a database of numbers from a salary survey done in 2014.
After entering five required bits of information: region, business sector, occupation, professional position and working hours, the tool calculates the gross monthly median salary and range. It can be further fined tuned with other information such as age and education.
For example a health specialist working in middle management in the pharmaceuticals industry in Zurich, working a 40 hour week, could expect a gross monthly median salary of between CHF 12,305 and CHF 14,698 depending on gender and work permit. This translates to a gross annual salary of between CHF 159,965 and CHF 191,074 (US$ 202,000). The figures change only slightly based on work permit status, but more significantly based on gender.
In this case the median for women is 13% lower. The assumed median age is 46 so some might think that the average man has more work experience at this age than an average woman of the same age. This however is unlikely to explain the difference. When the age is reduced to 25 the 13% pay gap persists.
Someone working in retail sales without any managerial responsibilities in Ticino, working a 40 hour week, could expect a gross monthly median salary of between CHF 4,077 and CHF 4,772 depending on gender and work permit. This translates to a gross annual salary of between CHF 53,001 and CHF 62,036 (US$ 65,600). Here the gender pay difference is around 10%.
The data is based on the salary information of 750,000 employees working in the private sector. It is collected every 10 years so the next update will be in 2024.
Tags: Featured,newsletter