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Old 11.10.2020, 16:51
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Current job market & salaries vs pre-crisis

Hi all

Many companies (including where I work) are going through quite some rounds of redundancies, Covid-driven or at least Covid-blamed.

I have heard of cases where instead of being made redundant, people were given the choice to accept a role with either more "responsibility" (read: workload) or paid less. Then of course one might decide to reject this offer and consequentially be fired and sent on garden leave immediately. If you if you like in that case decide to be fired, there is a notice period on full pay followed by 400 days of RAV. So no reason to panic.

Personally, I could see such a suggestion and decision coming up for me, and there is a certain temptation of taking at least my notice period as a form of a break and get ready for something new and maybe even better in terms of fulfilling work.

I however have also heard of people who got fired earlier this year, have found new jobs by now but also have found these jobs to pay significantly less compared to what they made before. Like 20% less. I am talking corporate mid-level managers in their 40s and salary levels of 160-190k base.

Do you have own experience, know-of-someone knowledge or qualified opinions of such cases recently in CH which could help deciding in case such a decision comes up?

I know it is fairly generic question, and a lot will depend on the individual circumstances.

Many thanks

Last edited by komsomolez; 11.10.2020 at 19:08.
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Old 11.10.2020, 17:23
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Re: Current job market & salaries vs pre-crisis

In the hospitality business it is currently next to impossible to find a job.
Companys are searching only low paid workers, which are easy the replace.
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Old 11.10.2020, 17:27
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Re: Current job market & salaries vs pre-crisis

Some of my experience ties with what you've said. However, I am not aware of there being across the board decisions to take a x% off salaries.

What I have seen is two things:

1. People are "sticking" in roles, even when they are not overjoyed to be there, until the market improves. This means employers are struggling to find the "talent" they are looking for (ie, think <45 years old, with x years experience, able to "culturally fit" into the company etc etc).

2. People who are out of work are, unfortunately, finding they have less negotiating room to get the same or even higher salary. This is not specific to this moment in time, it ever was thus.

If you think you may fall into category 2, I would be actively looking for work unless you are confident your skills are highly sought after in the Swiss market. My experience of job hunting in Switzerland, as an Auslšnder, has been extremely humbling and I wouldn't encourage others to go through the same experience, if they can avoid it.
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Old 11.10.2020, 17:35
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Re: Current job market & salaries vs pre-crisis

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Hi all

Many companies (including where I work) are going through quite some rounds of redundancies, Covid-driven or at least Covid-blamed.

I have heard of cases where instead of being made redundant, people were given the choice to accept a role with either more "responsibility" (read: workload) or paid less. Then of course one might decide to reject this offer and consequentially be fired and sent on garden leave immediately. If you if you like in that case decide to be fired, there is a notice period on full pay followed by 400 days of RAV. So no reason to panic.

Personally, I could see such a suggestion and decision coming up for me, and there is a certain temptation of taking at least my notice period as a form of a break and get ready for something new and maybe even better in terms of fulfilling work.

I however have also heard of people who got fired earlier this year, have found new jobs by now but also have found these jobs to pay significantly yes to what they made before. Like 20% less. I am talking corporate mid-level managers in their 40s and salary levels of 160-190k base.

Do you have own experience, know-of-someone knowledge or qualified opinions of such cases recently in CH which could help deciding in case such a decision comes up?

I know it is fairly generic question, and a lot will depend on the individual circumstances.

Many thanks
If you turn down a new job, the RAV will likely punish for 90 days or possibly not pay out at all.
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Old 11.10.2020, 17:40
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Re: Current job market & salaries vs pre-crisis

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If you turn down a new job, the RAV will likely punish for 90 days or possibly not pay out at all.
I am aware of that risk. My question is more related to "old"/"new" salary levels and whether there is recent experience with salaries being lower than before.
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Old 11.10.2020, 17:54
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Re: Current job market & salaries vs pre-crisis

The hiring season will not last long (until mid november), then until march 2021 there is not much going on.
So , if you can land a joboffer, take it even when you earn less (then before).
The RAV does not very much (in my exprience) , been looking for a job for 6 weeks now, have been 2 times to the RAV, but i am still working, so i am not
a priority for the RAV.

Last time been jobless(November 2015) , i did 350 applications in 4 months , the lady of the RAV did not believe me, that i did the applications all by myself.
Currently i did 84 applications in 6 weeks...........

When you are older the 50 , nobody wants to hire you.
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Old 11.10.2020, 18:18
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Re: Current job market & salaries vs pre-crisis

This isn't the time to be leaving a job and being unemployed. Wait until the Spring, around March. The virus will be gone or a vaccine will be there and everyone will have forgotten about this.

When the sun comes out again the job market is revived and then you can start your job hunting again.
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Old 11.10.2020, 18:22
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Re: Current job market & salaries vs pre-crisis

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This isn't the time to be leaving a job and being unemployed. Wait until the Spring, around March. The virus will be gone or a vaccine will be there and everyone will have forgotten about this.

When the sun comes out again the job market is revived and then you can start your job hunting again.
If I was asked to leave now, I would have pay until end of April. So by then the economy is "rocking again" (wasn't there someone who predicted this for the US by July 20; can't remember who)?
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Old 11.10.2020, 18:26
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Re: Current job market & salaries vs pre-crisis

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If I was asked to leave now, I would have pay until end of April. So by then the economy is "rocking again" (wasn't there someone who predicted this for the US by July 20; can't remember who)?
6 months notice is far from standard, must be a pig with resigning & bonus payments.
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Old 11.10.2020, 18:34
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Re: Current job market & salaries vs pre-crisis

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6 months notice is far from standard
Again, I am aware of this. Which of course contributes to me thinking that maybe a six month break wouldn't be the worst provided I could get back on without much of a loss. As said, I am not confronted with the decision right now, and certainly would not quit myself.
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Old 11.10.2020, 18:36
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Re: Current job market & salaries vs pre-crisis

The current situation with borders closed around the world will not be over in spring 2021, it will take a lot of time to produce and distribute a working vaccine around the world, may be in autum 2021......

If you quit the job yourself , the punishment of the RAV can be up to 60 days (plus the regular delays) without payment.
And the bills kepp on coming.
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Old 11.10.2020, 18:39
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Re: Current job market & salaries vs pre-crisis

Fascinating thread. I donít think the op has six month notice but probably works at a big corp where they extend the redundancy period to give you a chance to do internal mobility. This is what happens where I am

Three months notice but if they kick you out they give you three mo th internal mobility and then another three month notice. One of the banks.

The economy is terrible and I would be frightened to leave. Iíd give the choice between 20% off or rav without question I would jump into the rav
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Old 11.10.2020, 19:28
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Re: Current job market & salaries vs pre-crisis

you need a cover letter to get the best jobs - have saved this as evidence when i go to the rav

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Old 11.10.2020, 19:37
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Re: Current job market & salaries vs pre-crisis

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you need a cover letter to get the best jobs - have saved this as evidence when i go to the rav

Attachment 140439
Hilarious
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Old 11.10.2020, 19:54
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Re: Current job market & salaries vs pre-crisis

Manager in my firm: 140K base 5y ago. This year 125K. Same job, same profile
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Old 11.10.2020, 20:04
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Re: Current job market & salaries vs pre-crisis

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Hilarious
Which industry are you in? Let me guess finance Zurich right
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Old 11.10.2020, 20:11
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Re: Current job market & salaries vs pre-crisis

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Which industry are you in? Let me guess finance Zurich right
Consumer goods, Zurich area.
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Old 11.10.2020, 21:57
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Re: Current job market & salaries vs pre-crisis

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Manager in my firm: 140K base 5y ago. This year 125K. Same job, same profile
Same salary (in USD)
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Old 11.10.2020, 22:03
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Re: Current job market & salaries vs pre-crisis

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Same salary (in USD)
Interesting perspective. But I doubt I could pay my rent in floating USD.
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Old 11.10.2020, 23:41
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Re: Current job market & salaries vs pre-crisis

All depends. My job was bad, working with bullies. I was looking for a better one, but you know, it's hard to find a good one. The COVID made a worldwide changes. There's lots of remote jobs for software engineers. I'm going to start working remotely after some break. If the COVID ends eventually and the office-first work becomes the norm again, I'll see.
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