Overview
Capital
ZurichCurrency
Swiss Franc 
Public holidays calendar
Taxes
Employer
4.2% - Pension Old age and survivors
7% - Pension Disability
3.5% - 9% - Occupational Pension
Up to 1.60% - Unemployment insurance
7% - Pension Disability
3.5% - 9% - Occupational Pension
Up to 1.60% - Unemployment insurance
Employee
4.2% - Pension Old age and survivors
7% - Pension Disability
3.5% - 9% - Occupational Pension
Up to 1.60% - Unemployment insurance
7% - Pension Disability
3.5% - 9% - Occupational Pension
Up to 1.60% - Unemployment insurance
Minimum Wage
General
No national minimum wage.
Non Mandatory
Expat Benefits
Expats in Switzerland can choose to deduct lump-sum expatriate deduction monthly only if their permanent home in their home country is available during the assignment, if the house has been rented or unavailable, the lump sum is not accepted. Double housing cost reduction is also available only if the home country housing is permanently owned and available by the expat. Costs for traveling that are considered obligatory for the move will also be deducted. For the period of 5 years, school costs can also be deducted for expat’s children. Only expats who are executive employees and specialist working in Switzerland temporarily, with a letter of assignment, that states the employment term is less than 5 years and the employee will return to the home country after the assignment is over, are qualified for the expat benefits.
Paid Time Off
Vacation days
Employees over the age of 20 receive 4 weeks of paid holiday. Under the age of 20, they receive 5 weeks of paid holiday.
Sick days
Employees with at least a year of service are paid 100% of their earnings for up to three weeks.
Employees covered by the collective agreement providing cash benefits usually receive 80% of their last salary after a two day waiting period for a maximum of 720 days.
Maternity Leave
Mothers (both full-time and part-time employees) are paid 80% of their wages in the form of a daily allowance for 98 days.
Paternity Leave
No mandatory paternity leave is in place but in the private sector, employers must grant employees “regular working hours and days” off for family events. Contracts allow for new fathers to request one or two days of leave for the birth of their child.
Public Holidays
Public holidays vary from depending on the canton.
Mandatory Benefits
Pension Fund
The employer contributes 4.2% for old age and survivors, and .7% for disability.
3.5% - 9% is contributed towards occupational pension depending on insured's age and monthly earnings.
3.5% - 9% is contributed towards occupational pension depending on insured's age and monthly earnings.
The employee contributes 4.2% for old age and survivors, and .7% for disability.
3.5% - 9% is contributed towards occupational pension depending on insured's age and monthly earnings.
3.5% - 9% is contributed towards occupational pension depending on insured's age and monthly earnings.
Payroll
Additional Employee Withholding
1) Disability Benefits
2) Compensation for temporary loss of income
3) Unemployment
4) Accident Insurance
5) Family allowance
6) Administration fee
2) Compensation for temporary loss of income
3) Unemployment
4) Accident Insurance
5) Family allowance
6) Administration fee
1) Employer contributes 0.7%
2) Employer contributes 0.25%
3) Employer contributes 1.1% if the salary is up to CHF 126,000 and 0.5% if it is over 126,000.
4) Employer contributes up to CHF 126,000
5) Employer contributes 1.2% - 3.5% no salary ceiling
6) Employer contributes 3% of the pension, disability and loss of income contribution.
2) Employer contributes 0.25%
3) Employer contributes 1.1% if the salary is up to CHF 126,000 and 0.5% if it is over 126,000.
4) Employer contributes up to CHF 126,000
5) Employer contributes 1.2% - 3.5% no salary ceiling
6) Employer contributes 3% of the pension, disability and loss of income contribution.
1) Employee contributes 0.7%, no salary ceiling.
2) Employee contributes 0.25% no salary ceiling
3) Employee contributes 1.1% if the salary is up to CHF 126,000 and 0.5% if it is over 126,000.
4) Employee contributes 0%
5) Employee contributes 0%
6) Employee contributes 0%
2) Employee contributes 0.25% no salary ceiling
3) Employee contributes 1.1% if the salary is up to CHF 126,000 and 0.5% if it is over 126,000.
4) Employee contributes 0%
5) Employee contributes 0%
6) Employee contributes 0%
Termination
Termination Process
If the employee has been working in the company for:
1 year - one-month notice
2 years to 9 years - two months’ notice
Over 10 years - three months’ notice
1 year - one-month notice
2 years to 9 years - two months’ notice
Over 10 years - three months’ notice
Advance Notice
At least one week of notice.
Severance Pay
Employee is entitled to a severance pay if they are over the age of 50 and have worked in the company for 20 consecutive years. The payment is two months of salary.
