Handbook for Investors. Business location in Switzerland.

More documents

Recommendations

Info

Fig. 32: International experience (2009) 1 = low, 10 = high 1 Switzerland 7.94 2 Hong Kong SAR 7.21 3 Netherlands 6.99 4 Singapore 6.81 5 Qatar 6.65 7 Germany 6.55 8 Luxembourg 6.33 11 Denmark 6.21 13 Belgium 6.11 16 Ireland 5.74 19 Brazil 5.46 20 US 5.44 24 India 5.34 26 UK 5.28 39 France 4.54 51 Italy 4.04 52 Japan 3.93 54 Russia 3.88 57 People’s Republic of China 3.10 Source: 2009 IMD World Competitiveness Yearbook 8.2 Labor costs. 8.2.1 Salaries Salaries are relatively high in Switzerland, reflecting the country’s high levels of prosperity and output. Generous salaries are proof of success and make Switzerland attractive to well-qualified workers. Compared to other cities, gross wages in Zurich are lower than in Copenhagen and Oslo only; but as lower deductions (taxes, social insurance) are made, net income is the highest in the world. Regular official surveys of wage levels and structures show significant differences between and within sectors. Fig. 33: Gross monthly salary (median), broken down by industry and region (2008) Lake Geneva area Industry Switzerland Mittelland Northwestern Switzerland Zurich Eastern Switzerland Central Switzerland TOTAL 5,623 5,655 5,430 5,875 6,134 5,273 5,512 4,824 Horticulture 4,160 4,292 3,987 4,127 4,282 4,097 4,250 3,765 SECTOR 2 PRODUCTION 5,742 5,812 5,589 6,257 6,056 5,511 5,744 4,910 Mining, quarrying of stone/soil 5,646 5,608 5,593 6,167 5,758 5,533 5,823 5,262 Manufacturing; industry 5,846 6,047 5,602 6,532 6,196 5,560 5,952 4,532 Energy and water supply 7,255 7,087 7,127 8,114 7,988 7,036 6,740 6,116 Construction 5,519 5,557 5,461 5,640 5,841 5,375 5,406 5,158 SECTOR 3 SERVICES 5,547 5,572 5,283 5,553 6,190 4,943 5,285 4,752 Trade, repair 4,908 4,856 4,667 5,159 5,122 4,679 5,071 4,383 Hospitality 3,902 3,850 3,850 3,987 4,123 3,733 3,921 3,569 Transport, communications 5,495 5,345 6,270 5,120 5,873 4,953 4,853 4,976 Banking and insurance 8,169 8,792 6,508 7,366 8,491 7,016 6,901 7,121 IT, R&D, corporate services 6,628 6,758 6,317 6,829 6,863 6,397 6,608 5,417 Education 6,925 6,627 6,792 7,368 7,274 7,233 6,668 6,032 Healthcare and social services 5,676 5,725 5,579 5,600 6,137 5,532 5,657 5,402 Other public and private services 5,548 5,577 5,372 5,322 6,814 4,619 5,104 4,312 Standardized monthly salary: full-time equivalents based on 4 1/3 weeks of 40 working hours Source: Swiss Federal Statistical Office, Swiss Earnings Structure Survey Ticino 68 Handbook for Investors 2010
Fig. 34: Gross annual earned income in each occupational group in CHF (second quarter 2009) Full + part-time Men + women Employees Managers 107,000 Professions 90,000 Technicians and similar 71,600 Office staff, commercial occupations 56,300 Service and sales 42,500 Agricultural specialists 50,700 Skilled craftsmen and similar 68,300 Equipment and machine operators 67,600 Unskilled workers 29,300 Not disclosed/don't know 68,900 Total 67‚200 Source: Swiss Federal Statistical Office, Swiss Labor Force Survey UBS Prices and Earnings Survey www.ubs.com Search under: prices and earnings Languages: German, English, French, Italian Wage level – by sector 8.2.2 Non-wage labor costs The deciding factor for employers is not the salary that they pay but rather the unit labor cost. Although salaries are high in Switzerland, the non-wage labor costs that employers must bear in addition to gross salary (employer social security contributions) add up to just 15 %. Coupled with high productivity, modest taxes and low capital costs, this means that at the end of the day many employers pay less than in other European countries. Fig. 35: Industry labor costs: direct remuneration and non-wage labor costs (2007)* Labor costs in EUR/hour Norway 40.19 Belgium 35.84 Sweden 34.53 Denmark 32.81 Germany 32.70 Switzerland 32.70 France 32.26 Netherlands 31.34 Luxembourg 30.68 UK 27.19 Ireland 26.87 Italy 24.26 US 22.57 Japan 18.39 * Not available: Brazil, China, India, Russia Source: Institute for the German Economy (Institut der deutschen Wirtschaft), Cologne, Industry labor cost, international comparison, IW-Trends 3/2008 www.bfs.admin.ch Search under: wage levels Languages: German, English, French, Italian Swiss Federal Statistical Office salary calculator Swiss Federation of Trade Unions salary calculator www.bfs.admin.ch Search under: salary calculator Languages: German, English, French, Italian www.lohnrechner.ch Link: Lohnrechner (salary calculator) Languages: German, French, Italian Handbook for Investors 2010 69
Page 1 and 2:
Handbook for Investors. Business lo
Page 3 and 4:
Welcome. Dear Reader, By choosing t
Page 5 and 6:
Table of contents. Advantages offer
Page 7 and 8:
10.3.4 Cross-border commuters .....
Page 9 and 10:
9. Excellent educational institutio
Page 11 and 12:
1.2 Climate. Switzerland’s climat
Page 13 and 14:
Despite the close proximity of diff
Page 15 and 16:
1.7.2 Direct investments and Swiss
Page 17 and 18: 1.8 Switzerland in figures. Fig. 7:
Page 19 and 20: Fig. 9: Industry structure, percent
Page 21 and 22: 2.2.2 Direct investments In additio
Page 23 and 24: The medical technology industry is
Page 25 and 26: Dachorganisation Informatik- und Te
Page 27 and 28: 3. Economic framework. Free competi
Page 29 and 30: Customs information www.zoll.admin.
Page 31 and 32: Swiss Federal Institute of Intellec
Page 33 and 34: In the main, Swiss product liabilit
Page 35 and 36: 3.5.2 Environment Swiss environment
Page 37 and 38: 4.2 Political and economic cooperat
Page 39 and 40: 4.3 The euro. Even though the offic
Page 41 and 42: The following criteria are crucial
Page 43 and 44: Liability Minimum capital Consultin
Page 45 and 46: Sole proprietorship and general par
Page 47 and 48: 5.4.2 Entry in the commercial regis
Page 49 and 50: Fig. 19: Do I need a visa? I would
Page 51 and 52: 6.1.3 Application procedure 1. Pers
Page 53 and 54: 6.3.3 Special case: students The pr
Page 55 and 56: EU/EFTA nationals EU-17 (original E
Page 57 and 58: Social insurance for foreign nation
Page 59 and 60: 7.1.2 Temporary accommodation and f
Page 61 and 62: Fig. 27: Construction sites: market
Page 63 and 64: Fig. 29: Market prices for owner-oc
Page 65 and 66: Fig. 30: Permit requirement by grou
Page 67: 8. Labor market and labor laws. Swi
Page 71 and 72: Fig. 37: Labor market deregulation
Page 73 and 74: If the weekly maximum working hours
Page 75 and 76: for a specific period from unemploy
Page 77 and 78: 8.6.1 Old age and survivors’ insu
Page 79 and 80: Calculation of family allowances by
Page 81 and 82: 9. Financial center and capital mar
Page 83 and 84: Cantonal banks Deposit Protection o
Page 85 and 86: a minimum requirement is that purch
Page 87 and 88: Business angels in Switzerland www.
Page 89 and 90: 9.6 Inflation. Switzerland has alwa
Page 91 and 92: Non-resident companies are subject
Page 93 and 94: 10.2 Tax charge rate in internation
Page 95 and 96: 10.3.3 Expatriates Qualifying expat
Page 97 and 98: 10.4.2 Treaty rates Most treaties p
Page 99 and 100: 10.5.7 Exports In addition to expor
Page 101 and 102: 10.8 Transfer pricing rules. Accord
Page 103 and 104: outes. The connection between Germa
Page 105 and 106: Fig. 51: Direct intercontinental ai
Page 107 and 108: CHF 1.60 per thousand liters in Swi
Page 109 and 110: Fig. 54: Healthcare infrastructure,
Page 111 and 112: Fig. 55: Switzerland’s educationa
Page 113 and 114: PISA study Federal Office for Profe
Page 115 and 116: Fig. 59: Tuition fees in CHF per ye
Page 117 and 118: Fig. 61: School fees for internatio
Page 119 and 120:
Institution Location Homepage SLF W
Page 121 and 122:
Fig. 66: Personal safety, 2008 New
Page 123 and 124:
Yellow Pages yellow.local.ch Langua
Page 125 and 126:
Anyone who rents a property is urge
Page 127 and 128:
Fig. 69: Real disposable income in
Page 129 and 130:
14. Promoting Switzerland. Location
Page 131 and 132:
Fig. 72: Examples of cantonal incen
Page 133 and 134:
R&D project grants are available in
Page 135 and 136:
20 TechnoArk, Sierre www.technoark.
Page 137 and 138:
Switzerland. Trade & Investment Pro
Page 139 and 140:
15.2 Table of figures. Fig. 1: Swit
Page 141 and 142:
Countries of Europe. Handbook for I
Page 143 and 144:
Language regions. Handbook for Inve
show all

Handbook for Investors. Business location in Switzerland.

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?