UBS Compensation Survey: Wages expected to rise by around 0.8 percent in 2013

Wages in Switzerland will rise by an average of 0.8 percent next year according to the annual UBS Compensation Survey. UBS expects inflation of 0.6 percent in 2013 to produce a real increase in wages of 0.2 percent. The surveyed companies also revealed that they had raised wages by 1 percent in 2012. With negative inflation of 0.5 percent, this equals a real increase in wages of 1.5 percent for the current year.