Published in Afik News 222 18.01.2017
As of January 1, 2017 some major changes enacted in 2015 came into effect in the Israeli labor law. Among other changes, he following:
1. The minimum wage for a full time employee of 186 hours per month was increased to ILS 5,000 and the hourly minimum wage to ILS 26.88.
2. The annual leave for a full time employee of 6 days a week increased to 16 annual vacation days. Thus, an employee employed on a basis of five days a week will be entitled to 12 days annual leave.
3. Pension insurance payments to be deducted from the employee's salary was increased to 6% of the salary and from the employer to 6.5% of the salary.