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Switzerland

All countries

Country Details

Currency

Swiss Franc (CHF)

Official language

German, French, Italian, Romansh

Capital

Bern

Is English spoken?

Yes

Time Zone

GMT +1:00

Salary payment frequency

Monthly

General Overview & Economic Facts

Information

Switzerland has a highly developed economy, with key sectors including finance, pharmaceuticals, manufacturing, and services. The country is known for its high standard of living, low unemployment, and stable economic conditions.

Population size

8,500,000

GDP

$900B

Inflation level

1.50%

Average earning + minimum wage

Average monthly salary: CHF 6,500 (~USD 7,100); Minimum wage: Varies by canton, typically around CHF 3,500–4,000 per month

Overview of the labour law

Labor laws in Switzerland are governed by the Swiss Code of Obligations, which includes regulations on employment contracts, working hours, wages, and termination. Employees are entitled to strong protection under the law, including paid vacation, sick leave, and maternity leave.

Employment Details

Number of Public Holidays

12 public holidays annually

Working Hours

Standard working hours are 8 hours per day and 40–44 hours per week, depending on the sector.

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

Overtime is compensated at 1.25 times the regular hourly rate for work on regular days, and up to 1.5 times for work on holidays. Overtime is limited to 2 hours per day, and employers must ensure proper rest periods.

Notice Period

Notice periods range from 1 to 3 months, depending on the length of service and the employment contract.

Probation Period

Probation period is typically 3 months, though this can vary by employer.

Severance Pay

Severance pay is not mandatory, but many contracts offer a severance package, typically ranging from 1 to 3 months' salary based on years of service.

Employee Income tax

Income tax rates are progressive, ranging from 0% to 11.5% depending on income and canton.

Employer Social cost

Employers contribute 12.2% of the employee's salary to social security (AHV), unemployment insurance, and pension funds.

Employee Social cost

Employees contribute 5.125% of their salary to social security (AHV), unemployment insurance, and pension funds.

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

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