Average Salary in Israel Rises to Nearly 14,000 Shekels

Salary Increase Overview

The average salary for salaried employees in Israel reached 13,905 shekels in April, marking a 3.6% increase compared to April 2024. This growth in average wage coincides with the same rate of inflation during that month, as reported by the Central Bureau of Statistics (CBS). Despite a drop from the record high of 14,678 shekels recorded in March, this decline is considered usual during seasonal fluctuations.

Employment Statistics

The total number of salaried positions held by Israeli workers stood at approximately 4.1 million, reflecting an increase of 2.1% compared to April 2024, when the figure was slightly above 4 million. This rise slightly exceeds the population growth rate in Israel.

May Salary Trends

Preliminary data for May indicates that the average salary slightly decreased to 13,428 shekels. Although this shows a nominal decline from April, it represents a 3.7% increase in comparison to May 2024. The inflation rate in May was recorded at 3.1%, implying a real wage growth for employees.

The number of salaried positions also increased by 1.7% relative to May 2024, aligning closely with the population growth.

High-Tech Sector Insights

Contrary to the overall wage trends, the high-tech sector experienced stagnation in real salary growth. Salaries rose by only 1.5% compared to the previous April, a figure that falls short of the prevailing inflation rate. However, the average high-tech salary remains substantially higher than the national average, currently at 32,636 shekels per month. The growth in high-tech employment was modest, with an increase of just 1%, bringing the total number of positions to 399,000. Consequently, the share of high-tech employees within the broader labor force has slightly decreased to 9.7%.

In summary, while the overall employment landscape shows positive growth and salary increases that align with inflation rates, challenges persist in the high-tech sector