Israel’s Ministry of Finance main economist Shira Greenberg has issued a study of salaries in Israel during the Covid pandemic. The evaluation identified that the average salary rose by 6.4% in authentic terms above two years, immediately after having into account the influence of Covid on the combine of careers.

The report stated, “In yearly terms this rise reflects a serious once-a-year rise of 3.2% when compared with an regular once-a-year increase of 2% involving 2011 and 2019, that is to say the rise in salary was at a reasonably superior amount during the earlier two many years.”




Connected Articles or blog posts




Israel’s common income rose 2.3% in 2021







In accordance to the Central Bureau of Data the regular monthly wage in 2021 was NIS 11,773, up 2.3% from 2020.

The Ministry of Finance has numerous ideas as to why salaries rose in the course of the Covid crisis. “International need for tech solutions soon after the outbreak of the Covid pandemic led to wage rises in Israel’s large-tech sector.”

Another reason provided was in impact a criticism of the government’s furlough payments plan for these on unpaid leave. The Ministry of Finance thinks that the non permanent tumble in the provide of staff members, because of to the government’s coverage on coping with the spread of the virus, and fears about employees not wanting to be contaminated, also contributed to income hikes.

The salary rises have been not throughout the board, the Ministry of Finance observed that the rises ended up lower in the catering and accommodation sector although in amusement, leisure and artwork, salaries fell.

Even though 3.2% is a handsome yearly rise in income by the expectations of the latest years, it is nonetheless below the 3.5% that the Customer Rate Index (CPI) has risen around the past 12 months. In 2020, the CPI fell by .7%.

Published by Globes, Israel enterprise information – en.globes.co.il – on March 27, 2022.

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