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Saturday, November 26, 2022

No big hike in salary despite inflation

Employer president dashed the expectations

No big hike in salary despite inflation

Employers President Valentin Vogt considers the five to six percent increase in the next pay round unrealistic, some of which is being demanded. “Certainly no zero rounds this year, but no astronomical increments either.”

“If unions raise the expectation that everyone will get 5 to 6 percent more pay, that’s window dressing,” Vogt said in an interview with “NZZ am Sonntag.” Even the unions knew this. Even after the pandemic, many companies will have limited opportunities to raise wages by flooding. “The focus is on individual increments.”

The employer president acknowledges union boss Pierre-Yves Maillard’s statement that there will be political and social unrest if wage demands are not met. They have “nothing to do with reality”. However, Vogt sees a shift in power toward employees. Companies have to come to terms with it. “If you want to keep your people, you have to give them a good overall package,” Vogt says.

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