Average salary in Israel up 6.4% in two years
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Israel’s Ministry of Finance main economist Shira Greenberg has issued a study of salaries in Israel through the Covid pandemic. The examination located that the common wage rose by 6.4% in serious phrases above two many years, following getting into account the effects of Covid on the blend of careers.

The report claimed, “In yearly terms this rise displays a authentic annual increase of 3.2% when compared with an normal once-a-year increase of 2% involving 2011 and 2019, that is to say the increase in salary was at a rather high rate all through the past two decades.”




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Israel’s typical salary rose 2.3% in 2021







According to the Central Bureau of Stats the ordinary regular monthly wage in 2021 was NIS 11,773, up 2.3% from 2020.

The Ministry of Finance has several tips as to why salaries rose for the duration of the Covid crisis. “World wide demand for tech providers immediately after the outbreak of the Covid pandemic led to wage rises in Israel’s high-tech sector.”

One more reason supplied was in effect a criticism of the government’s furlough payments plan for people on unpaid go away. The Ministry of Finance believes that the momentary tumble in the provide of staff, due to the government’s coverage on coping with the spread of the virus, and worries about staff members not seeking to be contaminated, also contributed to wage hikes.

The income rises had been not across the board, the Ministry of Finance found that the rises have been lessen in the catering and lodging sector whilst in enjoyment, leisure and art, salaries fell.

Even although 3.2% is a handsome annual increase in income by the benchmarks of modern a long time, it is continue to beneath the 3.5% that the Shopper Rate Index (CPI) has risen over the previous 12 months. In 2020, the CPI fell by .7%.

Posted by Globes, Israel organization news – en.globes.co.il – on March 27, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


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