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Report shows Switzerland still top of international salary league table
| Published: | 29 May at 6 PM |
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Tagged: Spain, USA, Australia, UK, New Zealand, Canada, China, South America, Switzerland, Euro, England
In spite of major worldwide adjustments in executive and higher-level pay structures, Switzerland still tops the international pay league.
The International Geographic Salary Differentials report, conducted by Mercers’, noted that several Latin American countries have crept up the scale whilst Eastern European states have seen the sharpest falls in managerial pay. Switzerland, traditionally at or near the top of the table, scored again at number one in this latest survey.
A total of 75 countries were covered, with six career levels from top management to lower middle management. Switzerland scored in the four top categories, although it slipped to third and second place in the two lowest career levels.
Unsurprisingly, a number of European countries including Serbia, Spain and Greece scored poorly at all levels. New Zealand, Canada and Sweden are the places to go for management positions, as they all saw significant rises in executive pay and, in South America, Venezuela saw the biggest increases, and Latin America, especially Chile and Peru, was also a hotspot for increased salaries.
Further research showed that, as the number of overseas assignments are on the increase, the most popular destination countries were China, Brazil, the US, Australia and, surprisingly, the UK. Employers are still keen to send promising executives for a stint abroad, both to broaden their experience and to provide their overseas arms with skills unavailable locally.
The International Geographic Salary Differentials report, conducted by Mercers’, noted that several Latin American countries have crept up the scale whilst Eastern European states have seen the sharpest falls in managerial pay. Switzerland, traditionally at or near the top of the table, scored again at number one in this latest survey.
A total of 75 countries were covered, with six career levels from top management to lower middle management. Switzerland scored in the four top categories, although it slipped to third and second place in the two lowest career levels.
Unsurprisingly, a number of European countries including Serbia, Spain and Greece scored poorly at all levels. New Zealand, Canada and Sweden are the places to go for management positions, as they all saw significant rises in executive pay and, in South America, Venezuela saw the biggest increases, and Latin America, especially Chile and Peru, was also a hotspot for increased salaries.
Further research showed that, as the number of overseas assignments are on the increase, the most popular destination countries were China, Brazil, the US, Australia and, surprisingly, the UK. Employers are still keen to send promising executives for a stint abroad, both to broaden their experience and to provide their overseas arms with skills unavailable locally.
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