UBS Compensation Survey: Wages to rise by 0.7 percent next year

UBS expects an average nominal wage increase of 0.7 percent in Switzerland next year. Companies are confident about the robust Eurozone economy and the weakening of the Swiss franc. Projected 2018 inflation of 0.6 percent means that real wages will be almost stagnant. Companies gave more promising responses about the new concepts they're using to lessen the expected, demographically related shortage of skilled workers. It remains to be seen whether their offers will be sufficiently taken up.