Update On Employee Rights – Minimum Wage, Annual Paid Leave, Pension

Three updates to the above three employee rights came into effect this past July. The following is important news about the next update to employee rights, which is expected to come into effect on 1.1.2017.

Update to the Minimum Wage

The 2015 amendment to the Minimum Wage Law prescribed four stages for the updates to the minimum wage, three of which have already come into effect, with the last update scheduled to come into effect in January 2017.

Accordingly, as of the January 2017 salary, which will be paid to employees at the beginning of February 2017, the monthly minimum wage will be updated to NIS 5,000, while the hourly minimum wage will be updated to NIS 26.88.

Increase of the Minimum Annual Paid Leave