SMIC 2023: it explodes in Switzerland, up to 4,400 euros?

SMIC INCREASE. In Switzerland, the amount of the minimum wage has reached record levels and will once again increase on January 1, 2023.

[Mis à jour le 24 octobre 2022 à 16h55] The amount of the new Swiss minimum wage is enough to make your head hurt. Indeed, the highest growth minimum wage in the world will increase further, reaching the staggering sum of 4,368 Swiss francs gross (i.e. 4,400 euros) for 42 hours per week. By way of comparison, the French gross minimum wage peaks at €1,678. What leave dreamer in France. As a reminder, the cost of living in Switzerland remains one of the highest in Europe, which partly explains this rather exceptional difference. Also, inflation reaches 17% in Switzerland, against 5.6% in France in September over one year.

For the third time this year, the gross hourly minimum wage increased, rising on August 1 from 10.85 euros to 11.06 euros. Thus, on the basis of a full-time job, 35 hours per week, an employee earning the minimum wage will receive 1,678.95 euros gross and €1,329.05 net (after mandatory deductions), for a net gain of 27 euros each month. Here are all the minimum wage amounts to know as of Monday August 1, 2022:

• Net minimum wage as of August 1, 2022: €1,329.05
• Gross minimum wage on August 1, 2022: €1,678.95
• Net hourly minimum wage on August 1, 2022: €8.77
• Gross hourly minimum wage on August 1, 2022: €11.06

The amount of the monthly net minimum wage reached 1,329.05 euros since August 1, compared to 1,302 euros at the beginning of May and 1,269 euros January 1st. As a reminder, here is the evolution of the amount of the net minimum wage, in recent years, amounted to:

Each year, the amount of the minimum wage is reassessed. As of August 1, 2022, it reached 1,678.95 euros gross per month on the basis of 35 hours per week. This increase is the result of both the evolution of inflation and the increase in the wages of workers and employees. On May 1, 2022, a new increase had entered into force, bringing the gross minimum wage to 1645.58 euros. As an indication, here is the evolution of the amount of the minimum wage since 2010:

The amount of the hourly Smic is extremely variable. Keep in mind that the amount may vary from one payslip to another, due to the amount of social security contributions deducted from the gross hourly minimum wage. Since August 1, 2022, the amount of the Net hourly minimum wage was approximately €8.76.

The amount of the hourly minimum wage (gross) amounts to 10.85 euros, compared to 10.57 euros on January 1, 2022 and 10.25 euros previously. As a reminder, the amount of the hourly minimum wage, in recent years, was:

The minimum growth wage corresponds to the legal minimum hourly wage that the employee must receive. Deductions are however applicable, in certain cases (apprentices and employees under 18). the hourly rate is of €11.07 since August 1, 2022, this is the amount paid for one hour of work. Unlike the monthly Smic, which is modeled on the basis of 35 hours per week.

The amount of the annual Smic is obtained by multiplying the amount of the monthly Smic (above) by the number of months of the year, i.e. 12. Please note, if you benefit from a 13th month paid to your employer, this is not part of the calculation of the annual minimum wage. Referring to the new amount of the Smic 2022 valid since August 1, 2022, the net annual Smic amounts to 15,948.71 euros (1329.05×12). For its part, the gross annual minimum wage climbs to €20,147.40 (1678.95×12).