# Salary System

VSHN has a unique, transparent, open salary system. This doesn’t mean that we’ve got a list of names with their respective salaries, but rather that:

• We strive for fairness; everybody gets the same salary for the same work.

• We aim for unambiguousness: a salary depends on objective criteria and not on the negotiation skills of individuals.

• We consider the training level, the experience and the responsibility required for each job.

• We take care of the further development and growth of the know-how of our team members.

## Salary System

 The salary system is under review.

The Salary System is based on three base concepts:

• A basic annual wage, which has the current "100%" value.

• A work experience level value.

• A gradual increase of the wage in relation to the basic annual wage, according to work experience and seniority.

Instead of bonuses, we increase the basic annual wage according to the previous year’s results. This allows all VSHNeers to benefit from the success of the business.

The Salary System applies to all VSHNeers. The actual salary numbers are different for apprenticeships and internships, but the system stays the same.

Experience Level Percentage of Basic Annual Wage

0

67%

1

76.66%

2

82%

3

87%

4

90%

5

93%

6

95%

7

96%

8

97%

9

98%

10

99%

11

100%

12

100%

We determine the experience level of each new VSHNeer according to their current experience, eventually assigning a work experience level bonus at their entrance in VSHN.

When new VSHNeers start their employment mid-month, the mentioned annual increases for salary and holiday allowance will be effective on the 1st day of the following month.

 The salary payment is divided into 12 installments, paid around the 25th of each month.

## Salary Evolution

The salary evolution in VSHN follows this mathematical formula:

y = 100 * (arctan(x + 3) - 0.5)

where x is the work experience level (as explained above), and y is the yearly salary in Swiss Francs.

This methodology takes into account:

• That VSHNeers take on more responsibilities over time.

• Steady and continuous training and learning.

• Internal education, being a Mentor and educating trainees.

• More routine and productivity.

• Role growth, taking on higher responsibilities.

• Loyalty to VSHN.

## Deductions

The basic annual wage is a gross number. This means that the legally prescribed social security deductions, employee contributions to occupational pension schemes and daily sickness benefit insurances are deducted in each case.

## Benefits

See Employee Benefits for all the benefits of beeing a VSHNeer.

## Employment Termination

Upon employment contract termination, wage increases still apply during the legally required notice period. On the contrary, additional paid leave days due to seniority do not apply during the same period.