Switzerland Minimum Wage Rate 2020
Switzerland has a government-mandated minimum wage, and no worker in Switzerland can be paid less then this mandatory minimum rate of pay. Employers in Switzerland who fail to pay the Minimum Wage may be subject to punishment by Switzerland's government.
What is the Switzerland Minimum Wage?
Switzerland's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.
While Switzerland has no official minimum wage,a majority of the voluntary collective bargaining agreements contain clauses on minimum compensation,ranging from 2,200 to 4,200 francs per month for unskilled workers and from 2,800 to 5,300 francs per month for skilled employees. Switzerland's minimum wage was last changed in Jan-1-2014.
How does Switzerland's minimum wage compare to the minimum wage in other countries?
Switzerland's yearly minimum wage is $15,457.00 in International Currency. International Currency is a measure of currency based on the value of the United States dollar in 2009. There are 8 countries with a higher Minimum Wage then Switzerland, and Switzerland is in the top 4 percent of all countries based on the yearly minimum wage rate.
Facts and statistics about Switzerland
Switzerland is a country located in the Western Europe region with a population of 7,160,400 and an average life span of 79.6 years.
|Gross National Product||$264,478.00|
|Current Leader||Adolf Ogi|
|Continent & Region||Europe, Western Europe|
|Surface Area||41,284 square kilometers|
|ISO 3166 Country Code||CH|
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