Tuesday , October 4 2022
Home / SNB & CHF / Swiss salaries shrink for men and rise for women in 2021

Swiss salaries shrink for men and rise for women in 2021

Summary:
Overall, in 2021, Swiss salaries shrunk by 0.2% in nominal terms and by 0.8% in real terms, given an annual rate of inflation of 0.6% across the year, reported the Federal Statistical Office (FSO) this week. Photo by Sora Shimazaki on Pexels.comHowever, when broken down, women saw an overall increase in pay of 0.6% while men on average saw pay fall by 0.7%. The difference reflects differences in the type of work undertaken by men and women. Pay for public sector jobs, a sector employing more women, jumped 3.7% in 2021. Sectors dominated by men did not enjoy the same level of pay increases. Work such as coking coal, oil refining and chemical processing, typically dominated by men, saw nominal pay fall by 3.1%. Pay in software and IT, another sector favoured by men,

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

This could be interesting, too:

Ryan McMaken, Tho Bishop, Rosanna Weber writes What Will Germans Do without Russian Gas?

Patrick Konstantin writes Analysten sehen Preisanstieg für Bitcoin in diesem Monat

Marc Chandler writes Week Ahead: Macro and Prices

Swissinfo writes Test hackers fail to breach Swiss Post’s e-voting system

Overall, in 2021, Swiss salaries shrunk by 0.2% in nominal terms and by 0.8% in real terms, given an annual rate of inflation of 0.6% across the year, reported the Federal Statistical Office (FSO) this week.

Swiss salaries shrink for men and rise for women in 2021

Photo by Sora Shimazaki on Pexels.com

However, when broken down, women saw an overall increase in pay of 0.6% while men on average saw pay fall by 0.7%. The difference reflects differences in the type of work undertaken by men and women.

Pay for public sector jobs, a sector employing more women, jumped 3.7% in 2021. Sectors dominated by men did not enjoy the same level of pay increases.

Work such as coking coal, oil refining and chemical processing, typically dominated by men, saw nominal pay fall by 3.1%. Pay in software and IT, another sector favoured by men, also fell by 3.1%, reflecting in part the recruitment of larger numbers of staff with fewer years of experience. Construction, another sector dominated by men, saw pay rates remain static.

 


Tags: ,,,
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 *