Swiss companies plan 1% pay rise in 2027, UBS survey shows
SPY•Swiss companies plan average wage increases of 1% in 2027, down from 1.1% in 2026, while real wage growth is forecast at 0.2%. The survey also projects Swiss economic growth of 1.5% and says the SNB is expected to raise its policy rate to 0.5% by June 2027.
1. Pay and growth outlook
UBS's Nov. 3 survey found Swiss companies plan average wage increases of 1% in 2027, down from 1.1% in 2026. Real wage growth is forecast at 0.2%, based on expected inflation of 0.8%. Swiss economic growth is projected at 1.5%, adjusted for sporting events, and most employers expect staffing levels to remain unchanged despite improving economic prospects.
2. Rates and AI skills
The Swiss National Bank is expected to raise its policy rate to 0.25% in March 2027 and 0.5% in June. AI already supports or automates entry-level tasks at 40% of companies, while nearly half demand stronger AI skills from new entrants.
