Go Back   English Forum Switzerland > Help & tips > Employment  
Reply
 
Thread Tools Display Modes
  #1  
Old 29.10.2011, 19:08
jrspet's Avatar
Forum Legend
 
Join Date: Jul 2007
Location: Quaint Wädenswil, Zürich, CH
Posts: 8,131
Groaned at 27 Times in 20 Posts
Thanked 7,036 Times in 3,912 Posts
jrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond repute
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.

Swissinfo
Reply With Quote
  #2  
Old 29.10.2011, 20:01
poptart's Avatar
Forum Veteran
 
Join Date: May 2011
Location: Boston
Posts: 1,785
Groaned at 33 Times in 28 Posts
Thanked 3,013 Times in 1,242 Posts
poptart has a reputation beyond reputepoptart has a reputation beyond reputepoptart has a reputation beyond reputepoptart has a reputation beyond reputepoptart has a reputation beyond reputepoptart has a reputation beyond repute
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.
Reply With Quote
  #3  
Old 29.10.2011, 20:03
jrspet's Avatar
Forum Legend
 
Join Date: Jul 2007
Location: Quaint Wädenswil, Zürich, CH
Posts: 8,131
Groaned at 27 Times in 20 Posts
Thanked 7,036 Times in 3,912 Posts
jrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond repute
Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

Quote:
View Post
.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 )
Reply With Quote
  #4  
Old 29.10.2011, 20:05
adrianlondon's Avatar
Forum Legend
 
Join Date: Nov 2009
Location: Basel
Posts: 9,131
Groaned at 170 Times in 153 Posts
Thanked 25,643 Times in 6,892 Posts
adrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond repute
Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

Quote:
View Post
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.
Reply With Quote
  #5  
Old 29.10.2011, 20:29
Castro's Avatar
à la mod
 
Join Date: Nov 2007
Location: ZG
Posts: 5,730
Groaned at 126 Times in 102 Posts
Thanked 17,262 Times in 5,480 Posts
Castro has a reputation beyond reputeCastro has a reputation beyond reputeCastro has a reputation beyond reputeCastro has a reputation beyond reputeCastro has a reputation beyond reputeCastro has a reputation beyond repute
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.
Reply With Quote
  #6  
Old 29.10.2011, 21:49
carcharhinus's Avatar
Senior Member
 
Join Date: Jun 2008
Location: Greater Zürich Area
Posts: 484
Groaned at 5 Times in 4 Posts
Thanked 226 Times in 141 Posts
carcharhinus is considered knowledgeablecarcharhinus is considered knowledgeablecarcharhinus is considered knowledgeable
Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

Quote:
View Post
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.
Reply With Quote
  #7  
Old 29.10.2011, 22:00
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

Quote:
View Post
'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.
Reply With Quote
  #8  
Old 30.10.2011, 09:22
Senior Member
 
Join Date: Dec 2010
Location: Switzerland
Posts: 298
Groaned at 67 Times in 27 Posts
Thanked 219 Times in 111 Posts
UktoSwiss is considered a nuisanceUktoSwiss is considered a nuisanceUktoSwiss is considered a nuisance
Re: Wages expected to increase by 1.1% ( or 0.9% in real terms ) - UBS

Quote:
View Post
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.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
CHF to EUR in Forex or UBS? espinchi Finance/banking/taxation 8 27.10.2011 00:37
UBS credit cards - fee's increase as of June 2011 glinaa Finance/banking/taxation 22 08.08.2011 19:38
Real jokes for everyone about your first year learning French or English in real life elliot Jokes/funnies 0 02.09.2010 21:37
Swiss government to protect UBS by siezing data Corbets Swiss politics/news 20 10.07.2009 15:25
UBS looks for 16bn CHF capital increase... Gav Swiss politics/news 54 07.05.2008 07:41


All times are GMT +2. The time now is 03:42.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0