Business · Economy · 7 hrs ago
Swiss firms plan average pay rises of 1% in 2027
A UBS survey found Swiss firms plan average pay rises of 1% in 2027, down from 1.1% in 2026.
The survey covered nearly 400 companies and employer and employee groups across 22 sectors.
UBS expects inflation of 0.8%, leaving workers with a real wage gain of just 0.2% after prices rise.
That would be below the long-term average and the 0.4% real wage gain expected for 2026.
Pay increases are set to be largest in energy and utility services, at 1.5%, while watches and jewellery are set for the smallest, at 0.7%.
Most sectors plan increases of around 1%, even as companies are more confident about the economy.
Firms remain cautious about hiring, with most expecting unemployment and staffing levels to stay broadly unchanged.
Swiss companies plan average wage increases of 1% in 2027, down from 1.1% in 2026.
UBS expects inflation of 0.8%, leaving a projected real wage increase of 0.2%.
The survey found that companies’ confidence had improved, but their outlook for the labour market remained cautious.
Energy and utilities companies plan the largest increases, at 1.5%, while watches and jewellery plan 0.7%.
- Who
- Swiss companies, surveyed by UBS.
- What
- They plan average wage increases of 1% in 2027.
- When
- For 2027; the survey was published on November 3, 2026.
- Where
- Switzerland.
- Why
- Low inflation expectations and cautious staffing plans point to modest wage growth, according to UBS economist Meret Mügeli.
This story does not have two clearly opposing sides.
UBS Global Wealth Management’s Chief Investment Office conducted its annual salary survey.
UBS’s survey findings were published, reporting planned average wage increases of 1% for 2027.
- Average planned increase
- 1% in 2027
- Planned increase in 2026
- 1.1%
- UBS inflation forecast
- 0.8%
- Projected real wage increase
- 0.2%
- Largest sector increase
- 1.5% in energy and utilities
- Survey participants
- 395 companies and employer and employee associations
4 sources
Les entreprises suisses prévoient des augmentations salariales de 1% pour 2027, tandis que des incertitudes planent sur l’inflation
Lohnerhöhung 2027: Löhne in der Schweiz steigen nur um 1 Prozent
UBS-Lohnumfrage – Schweizer Löhne steigen 2027 nur leicht
Lohnumfrage der UBS: Schweizer Firmen planen für 2027 im Schnitt 1 Prozent mehr Lohn
What people are saying
Low inflation expectations and continued cautious staffing plans by companies point to subdued wage growth.