Average salary up 1% in Q3

The number of employees rose 0.5% to 2.56 million.

by Zeev Klein 
Globes
December 6, 2006

The average gross salary of Israelis rose 1% to NIS 7,695 in 
September, the Central Bureau of Statistics figures reported today. 
The number of employees rose 0.5% to 2.56 million. 
The average gross salary of 898,000 persons, one third of the 
workforce, was NIS 2,554 in September, one third less than the 
average national salary. The average salaries in high-tech sectors 
were as follows: electronic communications - NIS 18,468; 
advanced scientific and medical equipment - NIS 18,279; 
and IT services - NIS 15,754. 

17,000 employees in Israel Electric Corporation (IEC) and Mekorot 
National Water Company, 0.7% of Israel’s workforce, earned an 
average salary of NIS 17,973. 53,700 employees in the banking 
sector earned an average salary of NIS 16,078, and the combined 
average salary in the insurance and banking sectors was NIS 13,894. 
108,000 public administration employees earned an average salary 
of NIS 12,169. 

The average salary in industry was NIS 10,647. The average salary 
in the transport and communications sectors was NIS 8,793, and 
NIS 7,627 in the business services sector. 

The average gross salary of health, welfare and nursing services 
employees was NIS 6,769; education - NIS 6,186; community, 
social and personal services - NIS 5,336; and garbage removal and 
sanitation services - NIS 8,847. 

134,000 catering and accommodation employees earned an average 
salary of NIS 3,614. The average salary in the restaurant sector was 
NIS 3,143. The average salary of 50,000 agricultural employees was 
NIS 5,090, while 130,000 construction employees earned an average 
salary of NIS 6,504. 

Average salaries rose in the following sectors in the third quarter: 
banking - up 2.4%; catering and food - up 2.4%; education - up 2%; 
construction - up 1.5%; industry - up 1.5%; and commerce - up 1%. 

Published by Globes [online], 
Israel business news - www.globes.co.il - on December 6, 2006