Salaries are expected to rise next year in Switzerland. If the pace is expected to slow down compared to 2024, purchasing power should grow due to the decline in inflation, according to a study by the bank UBS in a published Thursday. This increase, however, needs to be qualified.
The 345 companies surveyed by the three-key bank should, on average, increase their remuneration by 1.4% in 2025. This is less than the 1.8% recorded this year.
However, thanks to the slowdown in inflation, real wages, adjusted for inflation, should increase more sharply “and almost entirely compensate for the loss of purchasing power suffered since 2022”, UBS economists detailed Thursday in their study.
Concretely, real wages are expected to increase by 0.7% in 2025, the same as this year. This improvement must however be qualified, due to the sharp increase in health insurance premiums of 6% on average for 2025, which is not taken into account in the calculation of the inflation rate.
>> To consult: Should you change health insurance? The worst increases in your canton
Differences between sectors
However, not all employees are in the same boat, with the largest increases (+2% in nominal terms) being anticipated in the areas of IT services and telecoms, as well as energy and supply management. and waste.
The smallest increases (+1%) are on the other hand expected in retail trade, media and companies active in construction materials.
In 2024, inflation is expected to rise between 1.1% and 1.3% according to various projections. Next year, it is expected to slow to between 0.6% and 1%.
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