The financial and insurance sector posts the highest average hourly cost in Switzerland.
For companies, labor costs represent a large part of production costs. In 2018, they totaled CHF 61.90 per hour on average, according to the Federal Statistics Office (FSO).
There are large cost differences between the various business sectors. Finance and insurance experience the highest costs, while lodging and restaurants post the lowest costs. Generally, the differences are smaller in the secondary sector than in the tertiary sector.
For an overview of the facts and significant developments in the field of labor and compensation in Switzerland, please see the following document:
Source: FSO, Labor Costs, 2018 (Next publication for 2020: 2022); FSO, Employment and Income, 2020 (next publication: spring 2021)
Last modification 28.10.2020
