UBS Compensation Survey
UBS Compensation Survey: wages to rise by 0.9% in 2014
Next year wages in Switzerland are expected to rise by an average of 0.9%. This is the finding of the Compensation Survey, conducted among 353 companies and employer and employee associations in 22 industries. With the average annual inflation rate predicted to be 0.6% in 2014, this would mean a real wage increase of 0.3%. Furthermore, the companies indicated that they had raised wages in 2013 by 0.9%. Taking annual deflation of 0.2% into account, this translates into a real wage gain of 1.1% for the current year.
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