Minimum Wage Updated in Geneva, Switzerland from 01 January 2024 - January 01, 2024 (2024)

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Minimum Wage Updated in Geneva, Switzerland from 01 January 2024 - January 01, 2024? ›

As of 1^st January 2024, the gross salary per hour is CHF 24,32.

The Minimum Wage in Switzerland is defined at the cantonal level. In 2024, in Geneva, the minimum wage is 4,426 CHF gross per month, about 3,750 CHF net (for a 42 hours week). This equates to approximately 4,940 USD gross or 4,190 USD net, making it one of the highest minimum wages in the world.

Minimum Wage Updated in Geneva, Switzerland from 01 January 2024 - January 01, 2024. The minimum wage has been revised in Geneva (canton) from 01 January 2024. The minimum wage has increased from CHF 24.00 to CHF24. 32 per hour.

According to recent data, the average gross salary for full-time employees in Switzerland is approximately CHF 6,500 per month.

Here are the details for some of these cantons in 2024: - Geneva: The minimum salary wage is 24.32 CHF per hour, which translates to approximately 4,368 CHF per month for a 42-hour week. - Zurich: Zurich has set a minimum wage of 23.90 CHF per hour. - Basel-Stadt: In Basel, the minimum wage is 21.70 CHF per hour.

Geneva's minimum wage was introduced on November 1, 2020, following a popular vote. This wage is indexed annually to consumer prices. From January 1, 2024, the minimum wage in Geneva will be CHF 24.32 per hour.

Based on the September 2024 figures from Numbeo cost of living database, the average monthly salary in Zurich is 7,156.91 francs. In Geneva, it is over 600 francs less: 6,503.24 francs.

Switzerland does not have a national minimum wage, but some cantons set their own minimum wages, with Geneva having one of the highest at CHF 24.32 per hour in 2024. The average salary in Switzerland is notably high, reflecting the country's strong economy, with figures around CHF 78,000 per year as of 2024.

What is the lowest salary for an Unskilled Laborer in Zurich, Switzerland? The lowest salary for an Unskilled Laborer in Zurich, Switzerland is CHF 2,853 per month.

What is the lowest paid job in Switzerland? ›

The alliance, which includes many Swiss trade unions and employers associations, says the worst-paid professions include sales and courier services. It also disproportionately impacts women in the workforce, accounting for around two-thirds of those affected.

What to expect if you are family/ a single person living cost in Switzerland. If you are a family, you can expect to spend between 4000 and 8000 Swiss francs per month on living expenses. If you are a single person, you can expect to pay between 2500 and 4000 Swiss francs per month on living expenses.

The federal minimum wage in 2024 is $7.25 per hour.

However, the tipped wage rate is $2.13 per hour, so long as each employee earns enough actual tips during the workweek to make up the other $5.12 per hour.

Exploring the Country with the Highest Minimum Wage

As of August 2024, Luxembourg holds the title for the highest minimum wage in the world, with a minimum wage of €14.86 per hour for unskilled workers, which is approximately USD 16.00.

There is no national minimum wage in Switzerland.

Minimum wage variations in Switzerland

The hourly rate of CHF 23.14 (from 2021) provides a monthly salary of CHF 4,000.

The average annual salary in Switzerland is about CHF 60,000 or CHF 5,000 per month. This is a good, liveable salary in the country. Nurses make about CHF 68,000 while teachers average out at CHF 87,000 a year. An IT systems specialist will clock in at a hefty CHF 117,000 per year.

Geneva, Switzerland, is the most expensive city in the world to live in, according to the Cost of Living Index. The city was found to be 1.7% more expensive than New York. Known as the capital of peace, Geneva is home to the European headquarters of the United Nations.

Standard working hours

According to Article 9 LTr of the Swiss Labor Law, the maximum weekly working hours are set at 45 hours for employees of companies. This applies to office employees, technicians, and other employees. For other sectors, the maximum working hours in Switzerland are 50 hours per week.