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April 2024: Minimum Salary Increased in Israel
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Effective April 1, 2024, the minimum monthly salary in Israel will be updated to 5,880 NIS gross per month.
The minimum wage particularly applies to foreign nationals employed in Israel under Short Employment Authorization (SEA) and Short-Term Employment Authorization Program (STEP), both for durations of up to 90 days, as well as to 2(a)(5) asylum and protection seekers, and general B-1 visa holders.
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Employers hiring foreign nationals under the aforementioned visas must guarantee that their employees receive at least the revised minimum salary.
The increase in the minimum salary aims to align wages with the rising cost of living in Israel, which ranks 18th globally. Notably, this places Israel ahead of many European countries such as France, the Netherlands, and the UK.
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Best Regards, Amit Acco, Senior Partner - Israeli Law Kan-Tor & Acco
Global Website
Disclaimer: The content herein is provided for information purposes only. It is not intended as legal advice. Readers are advised not act upon the contained information without professional advice. No portion of this newsletter may be reproduced without express permission. © Kan-Tor & Acco law firm |
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