Adjustments To The Minimum Prevailing Wage

Law FirmEnvoy Global, Inc.
Subject MatterEmployment and HR, Employee Benefits & Compensation
AuthorMr Jessie Butchley
Published date11 January 2023

Key Points

  • Israel increased the monthly minimum prevailing wage requirement to NIS 23,460 on 1 January 2023

Overview

The government of Israel increased the country's monthly minimum prevailing wage requirements by 12% for foreign national experts. As a result, the monthly minimum prevailing wage will increase to NIS 23,460.

What are the Changes?

The Israeli government increased the country's prevailing minimum wage on 1 January 2023 by 12%. All current, pending and new work permit applications for foreign national experts will need to meet the prevailing minimum wage requirement.

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