Hi there,
I've just a job offer and tend to take it. I would like to share it with you; any remarks are welcome.

So I graduated from ETH a month ago with a PhD in math., and have no any realworld experience. My job is in the area of investment - in a small and quite new company located in Zurich. The offer is 100K + first bonus in July (10k) + further bonus beginning of next year + 25 days holidays a year (and 3 more if I am not sick). What do you think about these conditions? I am quite content.

Per month - not bad

I see, so you think it is a bad offer here in CH?

its about average, considering you have no real world experience. remember, banks like credit suisse, ubs are now offering only 100k for experienced people (7 years).

the good times are gone. consider yourself lucky being non-eu and without any experience getting a job offer and work permit.

Thanks. That's exactly what I have in my mind, so am quite happy about this offer.

seems a good offer and comparable to what I have heard of recruits from ETH in finance area. All the best.

What's the "bonus" for? You guys get bonuses for completing the company's induction courses now?

Gratulieren BTW, zwei mal.

That is illegal. (i mean the 3 more bit). You can not condition holiday allowance based on number of sick days.

Really? Is there some law against it.

No, I'm making this s#it up... of course there is.

Swiss Obligations Code, art 329b al. 2. You can be on sick leave for up to one month with no impact on your holidays. Beyond two complete months, you lose 1/12th of your holiday entitlement per month of absence (meaning even if you're out the whole year you still have 2/12ths of your entitlement that are inalienable).

In the investment-finance world they pay bonuses to new-joiners just for joining the company, some of whom then take three days off with a hangover after celebrating.

Those who don't are given three-days extra holiday as an additional bonus for actually turning up to work, perhaps?

Seems like there is no contradiction. There are 25 days of holidays. If in addition I won't be sick this year, I will get some bonus (which translates into 3 holidays -- possibly will be added to next year, i.e., in the upcoming year I will have 28 days of holiday). Otherwise, the law stated by you applies.

Funny, I am reluctant that a 3 day hangover is a possible outcome of even the wildest parties

What part of "holidays cannot be reduced as long as the absence is less than two months" puzzles you?

Of course there is a contradiction. Suppose you are sick one day. Then your "three sick day bonus holiday" disappears as there is no specification in your contract as to how many sick days trigger that clause. That is illegal. But if you're willing to bend over and forgo the vaseline... by all means, go ahead.

What sick perverted employer gives employees a bonus for not being sick? What is this, modern day slavery?

The law says clearly you're entitled to as many sick days as you need. What's this "if you're not sick I give you three days off" bollox.

They get bonuses for that, too.

As I said and I repeat the amount of holidays granted is not going to be reduced, because apparently I am going to have 25 holidays this year, and if I am not sick a single day this year the employer will give me 28 days next year. (the condition of not being sick any single day during a year of work cannot be checked before the year is over. Hence, I conclude that this 2 day thing will shifted next year). However, of course I will entitled to have all the benefits associated with the law indicated by you, regardless of whether I was sick, whereas the underlying convention is that I have 25 days of holidays this year.

Common, what modern slavery you are talking about? The real slavery in the investment and banking sector is carried out in London, where junior (and senior) quants are being slaughtered by their bosses and by the greed governing them to work hard and make money.

I consider this a benefit to have a 3 day bonus next year, if I am not getting sick. I am very certain that some people do TRY to exploit the very comfortable Swiss law indicated by you, and take some spontaneous day off here and there, whenever there is a hint for a headache and\or after some successful days in work, when all deadlines were met, and the boss seems satisfied... So one way to prevent it would be by motivating the employee to extend the length of his\her next year vocation in Portugal by 3 days

Wish you the best.
Very seldom, I came across people who said I am quite content.

Thanks, I am indeed very content

if i got 120k in my first job with no experience, i'd be flipping over the moon!

I wouldnt clean toilets for that