The financial sector still pays the best wages in Switzerland: an average of SFr9,357 ($10,150) a month in 2010, according to the Federal Statistics Office.
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swissinfo.ch and agencies
First results from the Swiss Earnings Structure Survey show that the gross median wage over all sectors – with an equal number of workers above and below – was SFr5,979 a month last year.
The mean for women, SFr5,221, was 18.4 per cent lower than that for men, SFr6,397.
From 2000 to 2010, earnings for the most highly skilled jobs rose more than those paid for the least-skilled jobs, it said. The percentage of jobs paying a gross monthly wage of less than SFr4,000 was 10.7 per cent.
The wage gap between men and women decreased on average by 0.9 percentage points between 2008 and 2010. Nearly one in three employees (30.6 per cent) receives a bonus.
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UBS bosses boost share of shrinking bonus pot
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Chief Executive Oswald Grübel again waived his bonus and the bank’s top earner saw his pay slashed with a greater portion of variable pay hinging on long-term targets. But some staff and shareholders remain unimpressed. With political and public pressure on “fat cat” bonuses showing little sign of relenting, the announcement of UBS’s compensation statistics…
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However, another survey produced earlier this year painted a rather darker picture, with the financial sector in particular being accused of excessively inflating executive pay and failing to fully disclose compensation policies. In the background lurks a possible national vote on executive pay and a separate ongoing campaign to persuade more top companies to give…
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A visit to the OSEO labour facilitation agency in Vevey, where staff help young people to improve their skills and find work. (November 2004, swissinfo)
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