Handbook for Investors. Business location in Switzerland.
Handbook for Investors. Business location in Switzerland.
Handbook for Investors. Business location in Switzerland.
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Fig. 32: International experience (2009)<br />
1 = low, 10 = high<br />
1 <strong>Switzerland</strong> 7.94<br />
2 Hong Kong SAR 7.21<br />
3 Netherlands 6.99<br />
4 S<strong>in</strong>gapore 6.81<br />
5 Qatar 6.65<br />
7 Germany 6.55<br />
8 Luxembourg 6.33<br />
11 Denmark 6.21<br />
13 Belgium 6.11<br />
16 Ireland 5.74<br />
19 Brazil 5.46<br />
20 US 5.44<br />
24 India 5.34<br />
26 UK 5.28<br />
39 France 4.54<br />
51 Italy 4.04<br />
52 Japan 3.93<br />
54 Russia 3.88<br />
57 People’s Republic of Ch<strong>in</strong>a 3.10<br />
Source: 2009 IMD World Competitiveness Yearbook<br />
8.2 Labor costs.<br />
8.2.1 Salaries<br />
Salaries are relatively high <strong>in</strong> <strong>Switzerland</strong>, reflect<strong>in</strong>g the country’s<br />
high levels of prosperity and output. Generous salaries are proof<br />
of success and make <strong>Switzerland</strong> attractive to well-qualified<br />
workers. Compared to other cities, gross wages <strong>in</strong> Zurich are<br />
lower than <strong>in</strong> Copenhagen and Oslo only; but as lower deductions<br />
(taxes, social <strong>in</strong>surance) are made, net <strong>in</strong>come is the highest <strong>in</strong><br />
the world. Regular official surveys of wage levels and structures<br />
show significant differences between and with<strong>in</strong> sectors.<br />
Fig. 33: Gross monthly salary (median), broken down by <strong>in</strong>dustry and region (2008)<br />
Lake<br />
Geneva<br />
area<br />
Industry <strong>Switzerland</strong><br />
Mittelland<br />
Northwestern<br />
<strong>Switzerland</strong><br />
Zurich Eastern<br />
<strong>Switzerland</strong><br />
Central<br />
<strong>Switzerland</strong><br />
TOTAL 5,623 5,655 5,430 5,875 6,134 5,273 5,512 4,824<br />
Horticulture 4,160 4,292 3,987 4,127 4,282 4,097 4,250 3,765<br />
SECTOR 2 PRODUCTION 5,742 5,812 5,589 6,257 6,056 5,511 5,744 4,910<br />
M<strong>in</strong><strong>in</strong>g, quarry<strong>in</strong>g of stone/soil 5,646 5,608 5,593 6,167 5,758 5,533 5,823 5,262<br />
Manufactur<strong>in</strong>g; <strong>in</strong>dustry 5,846 6,047 5,602 6,532 6,196 5,560 5,952 4,532<br />
Energy and water supply 7,255 7,087 7,127 8,114 7,988 7,036 6,740 6,116<br />
Construction 5,519 5,557 5,461 5,640 5,841 5,375 5,406 5,158<br />
SECTOR 3 SERVICES 5,547 5,572 5,283 5,553 6,190 4,943 5,285 4,752<br />
Trade, repair 4,908 4,856 4,667 5,159 5,122 4,679 5,071 4,383<br />
Hospitality 3,902 3,850 3,850 3,987 4,123 3,733 3,921 3,569<br />
Transport, communications 5,495 5,345 6,270 5,120 5,873 4,953 4,853 4,976<br />
Bank<strong>in</strong>g and <strong>in</strong>surance 8,169 8,792 6,508 7,366 8,491 7,016 6,901 7,121<br />
IT, R&D, corporate services 6,628 6,758 6,317 6,829 6,863 6,397 6,608 5,417<br />
Education 6,925 6,627 6,792 7,368 7,274 7,233 6,668 6,032<br />
Healthcare and social services 5,676 5,725 5,579 5,600 6,137 5,532 5,657 5,402<br />
Other public and private services 5,548 5,577 5,372 5,322 6,814 4,619 5,104 4,312<br />
Standardized monthly salary: full-time equivalents based on 4 1/3 weeks of 40 work<strong>in</strong>g hours<br />
Source: Swiss Federal Statistical Office, Swiss Earn<strong>in</strong>gs Structure Survey<br />
Tic<strong>in</strong>o<br />
68 <strong>Handbook</strong> <strong>for</strong> <strong>Investors</strong> 2010
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