Some salaries will rise, says Swiss employer’s association
Employees could benefit from a real increase in their salary in 2024 in Switzerland, announces the president of the Swiss Employers' Association, Severin Moser. But “we are not going to achieve increases of 4 to 5% as demanded by the unions”.
“Inflation is expected at around 2.1% for 2023 and I believe that salary increases could be higher than this rate,” specifies Moser in an interview on Monday in Le Temps. According to him, the tense situation on the job market encourages companies to offer good conditions to their employees to remain attractive.
More
Effective wages rose by an average of 2.5% in 2023
But not all workers will benefit from real wage increases, he warns. “There are […] a few sectors for which it will be difficult.”
He notes that there are years when employees lose, but others where they win. “Last year, it is true that real wages fell, but if we look at the last ten years, there is an annual average increase of 0.3%.”
And with the retirement of half a million workers by 2030, “we will remain in a market favorable to job seekers,” he adds.
To deal with these massive departures, Moser recommends making better use of existing potential, such as, for example, women or seniors. “For these profiles, we need to think about more flexible retirement systems.”
He cites in particular an increase in the retirement age to 66 years. “We have only waited too long to take the plunge in the face of demographic developments in the first pillar […] The initiative on the pensions of the Young Liberal-Radicals offers us a way out of this political impasse.” The initiative will be put to a vote in March 2024.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles. You can find them here.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
More
Global banks rush to fill Credit Suisse void for Swiss SMEs
More
Sand, an overexploited resource at the heart of global tensions
More
Will Switzerland finally do away with imputed rental-value tax on homeowners?
More
The global private education industry is coming for Switzerland’s expensive schools
More
The Swiss woman who fled the Nazis and changed Brazilian photojournalism
News
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.