The gap between the salaries of managers and other staff members continues to grow, according to the Swiss employees’ association, Travail.Suisse published on Thursday.
Between 2011 and 2016, the wages of managers increased by 17% on average, compared to 3.4% for employees showing that for swiss CEO salaries rose by 5%.
While in 2011, the average ratio between the lowest and highest salaries in Swiss firms was 1:45, in 2016 it spread to 1:51.
This trend is found in all sectors of the economy, not just in big companies in the finance and pharmaceutical fields, the association reported. The survey was based on interviews with 27 top Swiss firms.
According to the researchers, the so-called Minder regulation, which entered into force on 1 January 2014 and that should have to reduce the difference, failed the target.
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