Average gross salary up 1.4% in 2005

The average salary reached NIS 7,623 in December.

Globes
Zeev Klein 
Matrch 8, 2006

The average national gross salary rose by a modest 1.4% in 2005 
to NIS 7,623 in December, the Central Bureau of Statistics reported 
today. 27% of wage-earners, 654,000 people, earned an average gross 
salary of NIS 1,932, 75% less than the average national salary, 
and 42% below the minimum wage of NIS 3,335 a month. 

As usual, the highest average salary in December was paid to Israel 
Electric Corporation (IEC) and Mekorot National Water Company 
employees: NIS 15,422, following a 6.8% pay hike. The average IEC 
and Mekorot salary is 2.02 times the average national salary. 

The average salary in the banking, insurance and financial sector 
was NIS 14,398 in December, 89% above the average national salary, 
after rising 2.4% over the year. This group has the second highest 
average salary. 

Civil servants and public administration employees, including in 
local authorities, and government companies and agencies, earned 
an average salary of NIS 11,064, 45% above the average national salary, 
after rising 2.3% over the year. This group has the third highest 
average salary. 

In fourth place were industrial employees, with an average salary of 
NIS 10,464 in December, after a 2.1% raise over the year. 

The group with lowest average salary is accommodation and 
catering employees, with an average salary of NIS 3,732 in 
December, 51% of the national average salary, up 0.4% over the year. 

Published by Globes [online], Israel business news 
www.globes.co.il - on March 8, 2006