The average gross national salary fell by 1.6%, or NIS 131, compared with March to NIS 8,056 in April 2008, the Central Bureau of Statistics reported yesterday. The average salary was 1.3% higher in the first quarter compared with the corresponding quarter of 2007. In February-April, the average salary rose by 1.6% in trend figures, and by an annualized 1.9%.
Central Bureau of Statistics reports that 484,200 persons earned less than the mandated minimum wage of NIS 3,850 a month, including a quarter of whom earned an average of NIS 2,000 a month.
As always Israel Electric Corporation (IEC) (TASE: ELEC.B22) and Mekorot National Water Company employees topped the salary table, with an average gross salary of NIS 23,338 in April, almost triple the average national salary.
Banking, insurance, and financial sector employees were in second place, with an average salary of NIS 17,967 in April, 2.2 times the average national salary. Civil servants and government employees were in third place, with an average salary of NIS 11,722 in April.
At the bottom of the table are accommodation and catering employees, with an average salary of NIS 3,794 in April, 53% less than the average national salary.
Published by Globes [online], Israel business news - www.globes-online.com - on July 7, 2008
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