And it's not a place you’d immediately put your finger on
From compensation, the number of hours worked, and the benefits offered, employees across the world are always on the lookout for places where they can get the best deals in exchange for their services. And thanks to a new list by Tipalti, which reviewed several work-related financial indicators, employees can now identify the places where the fruits of their hard work will be the sweetest.
Placing first on that list is Switzerland, with the highest wealth score of 9.19, a full point higher than the second place. According to Tipalti, Switzerland has the highest average annual salary of $82,620 and the highest average pension assets per person of $136,515. The average annual working hours there is 1,590, while the combined tax rate (%/300) is 61%.
Coming in second is the United States (7.84 wealth score), with Americans enjoying an average salary of $64,000 annually and a combined tax rate of around 58%. Placing third is Iceland (7.70), where employees benefit from having 1,493 working hours annually, and average pension assets of $131,625.
Other places in the top 10 include:
- Switzerland (9.19)
- United States (7.84)
- Iceland (7.70)
- Norway (7.64)
- Canada (7.23)
- Australia (6.96)
- Netherlands (6.96)
- Ireland (6.89)
- Luxembourg (6.89)
- Denmark (6.62)
In specific categories, the country with the lowest average hours worked in Germany with a 5.29-hour working day or around 37 hours a week. Places with the highest wages include Switzerland, Luxembourg, as well as Norway; while the place with the lowest combined tax (income, sales, and corporate) is Hungary.
