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Wages Increases

The average gross monthly wage in Israel increased at the end of the first quarter (March 1998) by 3 percent and reached NIS 5765 ($ 1585). The government also raised the minimum wage in April 1998 to NIS 2609 ($ 715) gross per month. The increase in the minimum wage by 8.5 percent while justified, will lead to a large growth in average wages in the second quarter. The Treasury in the coming months will be facing heavy pressure from public sector unions for wage increases. The unions will be claiming that many employees in the public sector are now earning salaries that are close to

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Blogs

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    • The new federal minimum wage law has gone into effect. This legislation may increase your costs if you hire minimum-wage employees, but it also includes several tax breaks that can help offset your higher payroll costs. According to Entrepreneur magazine, the Work Opportunity Tax Credit (a credit for 40% of ......
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    • California will be raising its minimum wage rate over the next several years, from its current $6.75 per hour to $8.00. In January 2007 workers will receive a 75-cent increase, which is to be followed by a 50-cent increase in January 2008. A lot of controversy is surrounding this decision ......
  • Get Ready for the Increase
    • From the rumblings on The Hill, Congress is quick stepping to resolve the war in Iraq and at the same time, they are focusing on raising the minimum wage across the country. For many businesses that will not have a traumatic diverse effect. Restaurant owners will definitely feel the hit ......
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