What is the minimum wage in Switzerland?

The minimum wage is set at CHF 20 per hour. With a referendum held in 2020, voters in Geneva set the world's highest minimum wage at CHF 23 per hour. Meanwhile, Basel became the first German-speaking canton (The latest canton in Switzerland) to set a minimum wage at CHF 21 per hour.

What is the minimum wage in Switzerland for 2021?

Minimum wage variations in Switzerland

Voters in Geneva approved the world's highest minimum wage in 2020. The hourly rate of CHF 23.14 (from 2021) provides a monthly salary of CHF 4,000.

Is there a minimum wage in Switzerland?

There is no national minimum wage in Switzerland. However, some cantons do have a minimum wage that applies in that canton. Some collective agreements and companies also have one for a specific industry or company. In 2020 the average monthly salary in Switzerland was CHF 6538.

What is the average Swiss salary?

With an average salary of CHF6,538 ($6,750) per month it is no wonder that Switzerland is considered one of the most attractive places to work. Average salaries across many professions are higher than what you find in other countries.

What is the lowest paid job in Switzerland?

The lowest-paid job sector was the personal services sector - like beauticians and hairdressers - with monthly wages of 4.211 Swiss francs before tax.

SWITZERLAND: WHAT IS THE AVERAGE SALARY AND MINIMUM WAGE

How much is rent in Switzerland?

In German-speaking Switzerland, rents range from CHF 1,100 to CHF 1,900, with an average of CHF 1,350. As a result, and on average, to ensure a good work-life balance, the recommended minimum gross annual salary would be CHF 48,600.

Is Switzerland expensive to live in?

The cost of living in Switzerland is among the highest in the world, with the cities of Zurich and Geneva consistently found to be the most expensive on the planet.

How much money do you need to live comfortably in Switzerland?

Although cost of living varies considerably due to each individual's personal preferences and situation, according to our estimations a single person would need a net salary of 3,500 CHF to live comfortably in most Swiss cities while a family of four would typically require a net salary of at least 9,000 CHF per month.

Is it easy to get job in Switzerland?

On one hand, the Swiss job market readily welcomes foreigners, especially in senior management level positions. However, competition for positions is stiff. In such a small country with a reputation for a high quality of life, expats from around the globe flock to call Switzerland home, leaving few job vacancies.

Is it worth working in Switzerland?

If you are a career-oriented individual looking for a great work-life balance, Switzerland is an amazing opportunity you should definitely consider. Global companies offering amazing opportunities will allow you to further progress in your career, all while enjoying the amazing quality of life here.

Is Swiss expensive?

Switzerland is said to be the most expensive country in the world.

Why Swiss salaries are so high?

Swiss salaries are amongst the highest in the world which reflects the high cost of living and an attractive tax-rate. Switzerland has one of the most advantageous taxation systems in the world and although tax in Switzerland is not a one-size fits all situation.

How much do Mcdonald's employees make in Switzerland?

How much does a Mcdonald s make in Switzerland? The average mcdonald s salary in Switzerland is CHF 53'040 per year or CHF 27.20 per hour. Entry-level positions start at CHF 53'040 per year, while most experienced workers make up to CHF 53'040 per year.

How much does a factory worker earn in Switzerland?

The average pay for a Factory Worker is CHF 48,871 a year and CHF 23 an hour in Switzerland. The average salary range for a Factory Worker is between CHF 37,631 and CHF 57,710. On average, a Less Than HS Degree is the highest level of education for a Factory Worker.

What are normal work hours in Switzerland?

Swiss workers are typically expected to work from Monday to Friday, from 8:00 to 17:30. However, many Swiss companies have been experimenting with reduced working days. They introduced the concept of employees working only four days a week but with longer working hours.

How is salary paid in Switzerland?

Salaries in Switzerland are paid once a month and are often based on a 13-month system. That means an annual salary is paid out in 13 instalments: one a month until the end of the year when a worker receives two instalments.

Do Swiss companies hire foreigners?

Many foreigners – especially highly skilled – successfully find work in Switzerland, with almost half of all executive jobs in Switzerland filled by foreigners.

What is the most common job in Switzerland?

How many hours a week do the Swiss work?

What are the standard working hours in Switzerland? The Swiss working week varies up to 45 hours depending on the employer, the most common being 42 hours. In exceptional cases 50 hours can be regularly worked but this can only apply to certain selected professions.

Is healthcare free in Switzerland?

There are no free state-provided health services, but private health insurance is compulsory for all persons residing in Switzerland (within three months of taking up residence or being born in the country).

Do they speak English in Switzerland?

English is the most common non-national language and is regularly spoken by 45% of the population in Switzerland. English is more widespread in the German-speaking part of the country than in Italian- and French-speaking regions (46% vs 37% and 43% respectively).

How much does a house cost in Switzerland?

The average purchasing price of a single-family home in Switzerland is around 1,050,000 Swiss francs, about 3,040,000 CHF in Zurich (almost three times more expensive), and 2,823,000 CHF in Geneva. The average price per square meter for an apartment was 7,400 CHF in 2020 across the country.

Is tax cheaper in Switzerland?

Switzerland is an attractive destination for foreign business owners and investors, thanks to its low tax rates. The federal Swiss corporate tax rate is a flat rate of 8.5%, but additional cantonal and municipal rates can vary considerably.

Is taxes high in Switzerland?

Switzerland remains high atop the list of preferred tax havens due to its low taxation of foreign corporations and individuals.