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Good news for permanent employees at Novartis: The Basel-based pharmaceutical giant is increasing the wage bill of permanent employees in Switzerland by 2.4 percent on average as of March 1. This applies to employees who earn salaries that are 80 to 120 percent of what other companies in this country pay on average for the same positions. This means Novartis is more than compensating for inflation. In November 2023, the rate was still 1.4 percent.
In a statement released on Wednesday, Novartis announced that employees whose wages are 20 percent higher than the average salary at other companies will not receive a raise. In response to a question from the AWP news agency, a spokesman said that wages would be increased to 80 percent for employees whose salary is less than 80 percent of the Swiss average. But the condition currently affects fewer than a dozen people. The pharmaceutical company agreed on this during salary negotiations with the internal personnel representative (IPV).
“To protect purchasing power”
“The budget for wage adjustments as part of the year-end salary cycle aims to preserve purchasing power and reflect the general position of wages compared to foreign markets,” he said. Additionally, individual adjustments to wages can be made throughout the year.
It was said that participation in business success occurs separately. It is paid as a bonus based on individual performance and personal behavior. (SDA/kae)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
