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-   -   Salary Equivalents (https://www.englishforum.ch/finance-banking-taxation/299360-salary-equivalents.html)

dtaylor 29.07.2020 09:22

Salary Equivalents
 
I'm in the process of being offered a new job in Basel, would be moving from the UK (Manchester) and wanted to get a feel for salary equivalents. I've read lots of threads on this forum discussing the topic but many are from 10 plus years ago when exchange rates were very different.

Rather than quoting salaries on offer which seems to de-rail these types of threads pretty quickly, could anyone fill in the missing Chf equivalents for the gbp salaries below for a Manchester to Basel move? I'm not after google exchange rates but more of a lifestyle equivalence measure.

25K =
50K =
75K =
100K =
125K =

Ato 29.07.2020 09:29

Re: Salary Equivalents
 
Quote:

Originally Posted by dtaylor (Post 3202283)
I'm in the process of being offered a new job in Basel, would be moving from the UK (Manchester) and wanted to get a feel for salary equivalents. I've read lots of threads on this forum discussing the topic but many are from 10 plus years ago when exchange rates were very different.

Rather than quoting salaries on offer which seems to de-rail these types of threads pretty quickly, could anyone fill in the missing Chf equivalents for the gbp salaries below for a Manchester to Basel move? I'm not after google exchange rates but more of a lifestyle equivalence measure.

25K = 60K
50K = 90K
75K = 120K+
100K = 120K++
125K = 120K+++

This is off the top of my head and may not be connected to reality. 120K is a magic number.
I think if you read the more recent threads you might get a better understanding of the living costs of this country. This question gets asked so often that most people are past sick of answering it.

fatmanfilms 29.07.2020 09:34

Re: Salary Equivalents
 
Quote:

Originally Posted by dtaylor (Post 3202283)
I'm in the process of being offered a new job in Basel, would be moving from the UK (Manchester) and wanted to get a feel for salary equivalents. I've read lots of threads on this forum discussing the topic but many are from 10 plus years ago when exchange rates were very different.

Rather than quoting salaries on offer which seems to de-rail these types of threads pretty quickly, could anyone fill in the missing Chf equivalents for the gbp salaries below for a Manchester to Basel move? I'm not after google exchange rates but more of a lifestyle equivalence measure.

25K =
50K =
75K =
100K =
125K =

Double in CHF, 50k CHF is about what a cashier earns at Migros working 42 hours a week, rather than just 10% below UK average earnings at 25k

bowlie 29.07.2020 09:36

Re: Salary Equivalents
 
10 year old threads are probably still relevant. Other than health insurance costs there is little change to costs and salaries.

fatmanfilms 29.07.2020 09:44

Re: Salary Equivalents
 
Quote:

Originally Posted by bowlie (Post 3202287)
10 year old threads are probably still relevant. Other than health insurance costs there is little change to costs and salaries.

Recent salary offers are likely to be lower than 10 years ago & about 60% of 20 years ago. In early 2000's it was quite possible to earn more in London than in ZH on the exchange rate at the time. 100k=260K CHF

dtaylor 29.07.2020 09:51

Re: Salary Equivalents
 
Quote:

Originally Posted by fatmanfilms (Post 3202286)
Double in CHF, 50k CHF is about what a cashier earns at Migros working 42 hours a week, rather than just 10% below UK average earnings at 25k

So any CHF offer should be approximately double my current GBP salary. Thanks this is exactly the information I was after!

Ato 29.07.2020 09:54

Re: Salary Equivalents
 
Quote:

Originally Posted by dtaylor (Post 3202292)
So any CHF offer should be approximately double my current GBP salary. Thanks this is exactly the information I was after!

Look into the tax system a bit, it's a different system here where you should end up with more in your pocket.

bigblue2 29.07.2020 10:10

Re: Salary Equivalents
 
Quote:

Originally Posted by dtaylor (Post 3202292)
So any CHF offer should be approximately double my current GBP salary. Thanks this is exactly the information I was after!

lol no

when most people are talking double they are basing that on london salaries, not up north ones, as the average wage in the uk is what, 35k? which would be a pretty nice salary up north it would be a pretty crap salary of 70k chf using your rule of thumb, and def not worth moving here for, as previously said a checkout worker at a supermarket get 40k chf, even mcdonalds workers get there abouts.

dtaylor 29.07.2020 10:30

Re: Salary Equivalents
 
Quote:

Originally Posted by bigblue2 (Post 3202294)
lol no

when most people are talking double they are basing that on london salaries, not up north ones, as the average wage in the uk is what, 35k? which would be a pretty nice salary up north it would be a pretty crap salary of 70k chf using your rule of thumb, and def not worth moving here for, as previously said a checkout worker at a supermarket get 40k chf, even mcdonalds workers get there abouts.

Thanks - what do you think a more realistic multiplier would be for a northern UK salary to a Basel one might be?

dtaylor 29.07.2020 10:33

Re: Salary Equivalents
 
Quote:

Originally Posted by Ato (Post 3202293)
Look into the tax system a bit, it's a different system here where you should end up with more in your pocket.

thanks - I've been starting to look into tax implications both UK vs CH and Basel Stadt vs Basel Land

bigblue2 29.07.2020 10:34

Re: Salary Equivalents
 
Quote:

Originally Posted by dtaylor (Post 3202301)
Thanks - what do you think a more realistic multiplier would be for a northern UK salary to a Basel one might be?

whats the job? I have no idea what northern salaries are like now, there really is no magic multiplier

Chuff 29.07.2020 10:42

Re: Salary Equivalents
 
Quote:

Originally Posted by dtaylor (Post 3202301)
Thanks - what do you think a more realistic multiplier would be for a northern UK salary to a Basel one might be?

Definitely 10x.

Do you not think that maybe providing some more detailed info with regards to your current job and salary may help people to give you a decent answer? Or is that too much like common sense.

fatmanfilms 29.07.2020 10:44

Re: Salary Equivalents
 
Quote:

Originally Posted by bigblue2 (Post 3202294)
lol no

when most people are talking double they are basing that on london salaries, not up north ones, as the average wage in the uk is what, 35k? which would be a pretty nice salary up north it would be a pretty crap salary of 70k chf using your rule of thumb, and def not worth moving here for, as previously said a checkout worker at a supermarket get 40k chf, even mcdonalds workers get there abouts.

70k CHF is still roughly average salary for CH, so the rule of thumb is not so far off.

bigblue2 29.07.2020 10:47

Re: Salary Equivalents
 
Quote:

Originally Posted by fatmanfilms (Post 3202309)
70k CHF is still roughly average salary for CH, so the rule of thumb is not so far off.

but wouldn't give you a very nice life moving to basel with your family, not to mention (probably) being massively underpaid if thats what you accepted.

Chuff 29.07.2020 10:51

Re: Salary Equivalents
 
Quote:

Originally Posted by fatmanfilms (Post 3202309)
70k CHF is still roughly average salary for CH, so the rule of thumb is not so far off.

It's not average for a skilled expat brought here to do a specific job.

gipfelisturmer 29.07.2020 10:52

Re: Salary Equivalents
 
I think a better starting point for you is to find out the living costs, approximate your taxation rate, and see how much are you left out with "take home" pay for your expected standard of living / savings / luxury / etc.

Multipliers won't make much sense - especially as you are trying to tailor them to regions in the UK.

bigblue2 29.07.2020 10:57

Re: Salary Equivalents
 
personally I wouldn't even consider it unless it was at least 3x uk salary so 30k gbp would have to be at least 90k chf, costs here are so much higher than the uk you'd be mad to accept less.

Unless off course you are on 10k in the uk, in which case 30k here would be bread line.

fatmanfilms 29.07.2020 10:57

Re: Salary Equivalents
 
Quote:

Originally Posted by Chuff (Post 3202312)
It's not average for a skilled expat brought here to do a specific job.

Where does the OP claim to be particularly skilled? I clearly missed that.

Chuff 29.07.2020 11:00

Re: Salary Equivalents
 
Quote:

Originally Posted by fatmanfilms (Post 3202318)
Where does the OP claim to be particularly skilled? I clearly missed that.

It can be assumed as highly probable that if they have been offered a job in Basel, while in the UK, that they are skilled in the job they have been offered.

But it's ok, I know it takes a certain amount of common sense to think of basic stuff like that. :)

bigblue2 29.07.2020 11:00

Re: Salary Equivalents
 
Quote:

Originally Posted by fatmanfilms (Post 3202318)
Where does the OP claim to be particularly skilled? I clearly missed that.

you can take an educated guess given where he says the job is ;)


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