SMIC INCREASE. The highest minimum wage in the world, in Switzerland, will increase further from January 1, 2023.
[Mis à jour le 24 octobre 2022 à 15h14] Our Swiss neighbors are not immune to inflation either. The consumer price index reached 17%, against 5.6% in France, in September over twelve rolling months. De facto, Switzerland will see the amount of its minimum wage increase significantly in January 1, 2023. For 42 hours of work per week, the Swiss minimum wage will therefore increase to 4,368 Swiss francs gross. An amount equivalent to 4 400 euros. What leave dreamer in France. As a reminder, the cost of living in Switzerland remains one of the highest in Europe, which partly explains this rather exceptional difference.
For the third time this year, the gross hourly minimum wage increased, rising on August 1 from 10.85 euros to 11.06 euros. Thus, on the basis of a full-time job, 35 hours per week, an employee earning the minimum wage will receive 1 678,95 euros raw and 1 329,05 euros net (after mandatory deductions), for a net gain of 27 euros each month. Here are all the minimum wage amounts to know as of Monday August 1, 2022:
- Net minimum wage as of August 1, 2022: 1 329,05 euros
- Gross minimum wage on August 1, 2022: 1 678,95 euros
- Net hourly minimum wage on August 1, 2022: 8,77 euros
- Gross hourly minimum wage on August 1, 2022: 11,06 euros
The amount of the monthly net minimum wage reached 1 329,05 euros since August 1, compared to 1,302 euros at the beginning of May and 1,269 euros on January 1. As a reminder, here is the evolution of the amount of the net minimum wage, in recent years, amounted to:
| Year | Amount of the net monthly minimum wage |
| January 2016 | 1 143 euros |
| January 2017 | 1 149,07 euros |
| January 2018 | 1 174,93 euros |
| January 2019 | 1 204 euros |
| January 2020 | 1 219 euros |
| January 2021 | 1 231 euros |
| January 2022 | 1 269,45 euros |
| May 2022 | 1 302 euros |
| August 2022 | 1 329, 05 euros |
Each year, the amount of the minimum wage is reassessed. As of August 1, 2022, it reached 1,678.95 euros gross per month on the basis of 35 hours per week. This increase is the result of both the evolution of inflation and the increase in the wages of workers and employees. On May 1, 2022, a new increase had entered into force, bringing the gross minimum wage to 1645.58 euros. As an indication, here is the evolution of the amount of the minimum wage since 2010:
| Year | Amount of the hourly minimum wage (gross) | Amount of the monthly minimum wage (gross) |
| January 2010 | 8,86 euros | 1 343,77 euros |
| January 2011 | 9 euros | 1 365 euros |
| December 2011 | 9,19 euros | 1 393,82 euros |
| January 2012 | 9,22 euros | 1 398,37 euros |
| July 2012 | 9,40 euros | 1 425,67 euros |
| January 2013 | 9,43 euros | 1 430,22 euros |
| January 2014 | 9,53 euros | 1 445,38 euros |
| January 2015 | 9,61 euros | 1 457,52 euros |
| January 2016 | 9,67 euros | 1 466,62 euros |
| January 2017 | 9,76 euros | 1 480,27 euros |
| January 2018 | 9,88 euros | 1 498,47 euros |
| January 2019 | 10,03 euros | 1 521,22 euros |
| January 2020 | 10,15 euros | 1 539,42 euros |
| January 2021 | 10,25 euros | 1 554, 58 euros |
| January 2022 | 10,57 euros | 1 603 euros |
| May 2022 | 10,85 euros | 1 645 euros |
| August 2022 | 11,07 euros | 1 678,95 euros |
The amount of the hourly Smic is extremely variable. Keep in mind that the amount may vary from one payslip to another, due to the amount of social security contributions deducted from the gross hourly minimum wage. Since August 1, 2022, the amount of the Net hourly minimum wage was approximately 8,76 euros.
The amount of the hourly minimum wage (gross) amounts to 10.85 euros, compared to 10.57 euros on January 1, 2022 and 10.25 euros previously. As a reminder, the amount of the hourly minimum wage, in recent years, was:
| Year | Amount of the hourly minimum wage (gross) |
| January 2016 | 9,67 euros |
| January 2017 | 9,76 euros |
| January 2018 | 9,88 euros |
| January 2019 | 10,03 euros |
| January 2020 | 10,15 euros |
| January 2021 | 10,25 euros |
| January 2022 | 10,57 euros |
| May 2022 | 10,85 euros |
| August 2022 | 11,07 euros |
The minimum growth wage corresponds to the legal minimum hourly wage that the employee must receive. Deductions are however applicable, in certain cases (apprentices and employees under 18). the hourly rate is of 11,07 euros since August 1, 2022, this is the amount paid for one hour of work. Unlike the monthly Smic, which is modeled on the basis of 35 hours per week.
The amount of the annual Smic is obtained by multiplying the amount of the monthly Smic (above) by the number of months of the year, i.e. 12. Please note, if you benefit from a 13th month paid to your employer, this is not part of the calculation of the annual minimum wage. Referring to the new amount of the Smic 2022 valid since August 1, 2022, the net annual Smic amounts to 15 948,71 euros (1329.05×12). For its part, the gross annual minimum wage climbs to 20 147,40 euros (1 678,95 x 12).