On October 30, 2017, an amendment to the Minimum Wage Law was
enacted after being approved during the second and third readings
in the Knesset – Minimum Wage Law (Increase in the
Minimum Wage Sums - Temporary Order) (Amendment),
5778 – 2017. According to the amendment, as
of the salary for the month of December 2017, which is paid at the
beginning of January 2018, the monthly minimum wage will be updated
to the sum of NIS 5,300 (and, accordingly, the hourly minimum wage
will be updated to NIS 28.49).
The legislative amendment will come into effect only
after it is promulgated in Reshumot (the official
gazette). However, we suggest that employers begin making
arrangements to update the salaries of those employees who are
earning minimum wage. We also recommend examining whether the
legislative amendment affects other employees, namely those for
whom the wage calculation is based on the statutory minimum
wage.
