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Old 29.10.2011, 19:08
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Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

Swiss bank UBS says that salaries in Switzerland will rise by 1.1 per cent next year, in line with increases for 2011.

With inflation expected to be around 0.2 per cent, growth for wages will be around 0.9 per cent in real terms. Companies participating in UBS’ annual compensation survey said nominal salaries rose 1.5 per cent this year, while inflation was 0.3 per cent.

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Old 29.10.2011, 20:01
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Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

.3 percent inflation? What are they smoking? Must not be my cigs which were 6.40 when I arrived in April and are 7.70 now.
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Old 29.10.2011, 20:03
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Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

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.3 percent inflation? What are they smoking? Must not be my cigs which were 6.40 when I arrived in April and are 7.70 now.
Mine is still EUR4 in Konstanz ( although one stick is always missing - 19 per pack )
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Old 29.10.2011, 20:05
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Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

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Mine is still EUR4 in Konstanz ( although one stick is always missing - 19 per pack )
Prices for food in Basel appear to have stayed the same, or even reduced slightly, in the 1.5 years I've been here.
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Old 29.10.2011, 20:29
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Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

We've been told that there will be no pay rises next year due to the fx situation, and I'm sure we're not alone. On the bright side we're still recruiting and expanding so no layoffs expected.
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Old 29.10.2011, 21:49
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Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

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With inflation expected to be around 0.2 per cent, growth for wages will be around 0.9 per cent in real terms. Companies participating in UBS’ annual compensation survey said nominal salaries rose 1.5 per cent this year, while inflation was 0.3 per cent.
'Inflation' probably refers to the CPI … living expenses usually rise at a higher rate than the CPI suggests, in particular because rents and health insurance premiums are not fully accounted for.
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Old 29.10.2011, 22:00
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Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

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'Inflation' probably refers to the CPI … living expenses usually rise at a higher rate than the CPI suggests, in particular because rents and health insurance premiums are not fully accounted for.
My rent has not changed in 6 years. I could ask for a reduction as interest rates have fallen.
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Old 30.10.2011, 09:22
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Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

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We've been told that there will be no pay rises next year due to the fx situation, and I'm sure we're not alone. On the bright side we're still recruiting and expanding so no layoffs expected.
"no layoffs expected"...well that's what the folks at Novartis thought until last Tuesday.
No pay rise is no guarantee whatsoever, sorry if I disappoint you.
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