IEC workers still top Israel’s salary ladder

Salaries at IEC and Mekorot jumped 14% in the first quarter of 2006.

by Zeev Klein 
Globes
June 8, 2006

Employees at Israel Electric Corporation (IEC) and the Mekorot 
National Water Company had the highest average salaries in the 
first quarter of 2006, according to figures published yesterday by the 
Central Bureau of Statistics. IEC employees earned an average 
salary of NIS 18,599, 2.4 times the national average. Salaries at 
IEC and Mekorot soared 14% during this period. Employees at banks, 
insurance companies, and financial institutions were in second 
place with an average salary of NIS 16,756, 2.2 times the national 
average, following a sharp 11.3% increase. 

Public administration employees were in third place with an average 
salary of NIS 11,175 in the first quarter, 45% higher than the national 
average. Their pay rose by 2.7%. In fourth place were employees in 
the industrial sector, who earned an average salary of NIS 10,863, 
41% more than the national average salary. Their pay rose by 1.9%. 

As always, the lowest average salaries belonged to employees in 
accommodation and catering services, who earned NIS 3,589, 
55% less than the national average salary, following a 0.3% 
decrease in their pay.