Hire your remote team in Switzerland

Name: Hire a remote team in Switzerland
Brand: Rivermate
SKU: switzerland
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

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Hiring a remote team in a country as Switzerland comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Switzerland. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Switzerland with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Switzerland, particularly if you don't have established local relationships. You can hire employees in Switzerland effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Switzerland.

As an employer of record, we help you hire employees and run payroll services in Switzerland, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Switzerland.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Switzerland or individually hire remote employees in Switzerland, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Switzerland services can best help your company!

3. Hire a remote team in Switzerland

Switzerland's economy is known to strictly adhere to the First World Model, with the agricultural sector, service sector, and industrial sector being the three most important sectors that are prioritized. The Swiss authorities are concerned about all three sectors and appear to be giving equal attention to all, but the service sector, which accounts for approximately 72% of Swiss GDP, is the most developed. Switzerland is also a popular tourist destination for visitors from all over the world. The landscapes, beauty, and lifestyle culture are all to die for, which is why the country attracts over 11 million tourists each year.

The Swiss economy has grown steadily but steadily over the last few decades, providing more reasons for international investors and the world's elite to choose Switzerland as a safe place to invest their money. With a population of 8.55 million people, the unemployment rate is relatively low at 4.85%. The job market in this city is fantastic. Inflation is clearly low, and the area is home to research laboratories such as CERN, a dream destination for many aspiring scientists. The literacy rate is high in this country, and the research, automobile, and transportation industries are all flourishing. Furthermore, the Swiss authorities have kept their doors open to all qualified intonation candidates and seekers.

4. Cost of living in Switzerland

Switzerland's cost of living is $2507, which is 2.69 times higher than the global average. Switzerland was ranked third among 197 countries in terms of cost of living and third best country to live in.

In Switzerland, the average after-tax salary is $6135, which is enough to cover living expenses for 2.4 months.

5. Cost of renting in Switzerland

Switzerland is an expensive place to visit and has high expenses and living costs. Even though the country is expensive, a few things, such as travel, hiking, and electronics, are significantly cheaper than in North America. Uri, Glarus, and Obwalden are the most affordable cities to live in.

The only disadvantage of living in Switzerland is the high cost of apartments. A high-paying job can provide a promising lifestyle, but the government and certain private companies are working to reduce costs, particularly for expats. A one-bedroom apartment costs around $1,400 per month, while a three-bedroom apartment costs around $2,700 per month. The cost of living in Switzerland's major cities is listed below.

6. Major industries in Switzerland

Switzerland exports the majority of its high-end watches and clocks. This export generated approximately US $19.3 billion over the last decade, representing a 19.2% increase over the previous year. 55% are exported to Asia, 14% to the United States, and 29% to Europe.

The industrial sector is quite extensive here, and several major corporations are competing to keep their feet on the ground. The most visible industries here are food processing, robot parts manufacturing, military equipment, chemical industry, and construction.

According to the CIA World Factbook, trade in Switzerland generates approximately US$308 billion in total exports. Switzerland's top trading partner is Germany, followed by the United States and China. The country exports high-tech goods of high quality and demand. Automobile manufacturing has traditionally been important in this region.

The agricultural sector is the contributor here. The main reason for this is the occupation's declining popularity in the country.

The tourism industry is thriving here, with excellent hotels and natural beauty all contributing to the industry's popularity. The tourism industry contributes approximately $14.9 billion to the GDP.

7. Hiring cost in Switzerland

When looking to hire new employees, employers must be prepared to cover the cost of hiring. Because the process is lengthy, there are several factors that contribute to the hiring cost:

- Onboarding and training expenses

- Interview process and cost involved

- Orientation expenses

8. Employment laws Switzerland

Switzerland enjoys fairly relaxed labor laws, but that is determined by the provisions of the below mentioned laws and acts:

- Code of Obligations

- The Labour Act (and its regulations)

- The Data Protection Act

- The Merger Act and

- the Ordinance against Excessive Compensation

- Terms agreed in the contract of employment

- The Participation Act

- The Gender Equality Act

9. Top skills Switzerland

There are numerous skills that can lead to a good job in Switzerland. The country produces high-tech products that demonstrate how skilled the workers are and how specific the industries are in performance. Aside from that, the service sector dominates the country, necessitating the hiring of skilled workers. High-level technicians, researchers, professors, doctors, and officers are all welcome.

Top Skills required in Switzerland:

- Engineering (automobile, electrical, etc.)

- Banking

- Pharmaceuticals

- IT

- Finance

- Tourism (Hospitality, entertainment, etc.)

Despite the fact that the country is beautiful and expensive, resources are widely distributed across various regions, cities, and towns. As a result, each city has its own value and requires individuals with the aforementioned skills to live in that region.

- Zurich is the largest city in Switzerland, as well as the country's lifestyle capital and one of the most expensive places to live. The annual average salary in Zurich is $128,657 USD. Military officers, accountants, pilots, and vets are the most common occupations here.

- Geneva is the second-most populous city in Switzerland, after Zurich, and has a predominantly French-speaking population. The city serves as the country's financial and diplomatic center. The annual average salary in this city is around $124,758 USD. The most popular occupations here are in the technology and hospitality industries.

- Lucerne: The city has the majority of Switzerland's German-speaking population and is surrounded by many lakes. Lucerne also has a Chapel Bridge, which was built in the 14th century. The annual average salary in this city is around $118,455. IT, academics, health care, tourism (hospitality), and many other occupations are popular here.

10. Economic landscape in Switzerland

With proper planning, restrictions on certain services, and supportive medical infrastructure, the country has done an admirable job combating the pandemic. The country is now able to stand on its own two feet and reopen many services, allowing people to return to work. With a consistent growth rate of 1% over many years, the country has managed to achieve a high Gross Domestic Product of US $660 billion.

11. Market size in Switzerland

Despite the pandemic, the Swiss GDP is expected to grow 3.4% in the coming years. Mechanical and electrical engineering, pharmaceuticals, finance, banking, tourism, and shipping are among the emerging industries in Switzerland.

12. Minimum wage in Switzerland

While there is no legal minimum wage in Switzerland, the majority of voluntary collective bargaining agreements include minimum compensation provisions ranging from 2,200 to 4,200 francs per month for unskilled workers and 2,800 to 5,300 francs per month for skilled personnel.

13.Why choose Rivermate to hire your remote team in Switzerland?

Establishing an entity in Switzerland to hire a team takes time, money, and effort. The labor law in Switzerland has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Switzerland simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Switzerland give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Switzerland via our Employer of Record (EOR) / PEO solution.