Swiss salaries have risen according to a recently published report by Switzerland’s Federal Statistical Office.
The median gross monthly salary was CHF 6,5021 in 2016, CHF 313 higher than in 2014. 50% of Swiss workers earned more than this and 50% earned less.
CHF 6,502 a month is an annual salary of CHF 78,024 (US$ 78,200).
The extra CHF 313 is a 5% increase over two years. In real terms, after adjusting for inflation, it represents a rise of close to 7% – over 2015 and 2016 Switzerland experienced deflation of 1.6%2.
Swiss salaries are clustered around the middle. More than 75% of Swiss workers earn gross salaries between CHF 3,000 and CHF 8,000. Only 1% earn below CHF 3,000 and only 1% earn more than CHF 20,000.
In addition, the study highlights well-paid and not-so-well-paid sectors.
The lowest paid 10% earn less than CHF 4,313 per month and are most likely to work in personal services (CHF 4,076), the hotel and restaurant trade (CHF 4,337) and retail (CHF 4,798) – figures in brackets are industry medians.
The highest paid 10% earn over CHF 11,406 per month and are likely to work in insurance (CHF 8762 francs), IT (CHF 8,900), financial services (CHF 9,742) or the pharmaceutical industry (CHF 9,835).
1Gross monthly salary includes benefits such as company health insurance, commissions, performance based pay, weekend work and the extra 13 month of salray often paid in Switzerland. In excludes payments received for children. The figures are for those working 90% or more.
2Salary and inflation calculations compare October 2014 with October 2016.