Increase in Minimum wages from NIS 5,300 to NIS 6,000 by 2025
Ministry of Finance announced on December 15, 2021, that the minimum wages shall be increased to NIS 6,000 (currently NIS 5,300) per month by 2025. The increase in the minimum wages shall be done in phased manner between April 2022 and December 2025 as under:
|
Timeline |
Minimum Wage (per month) |
|
April 2022 |
NIS 5,400 |
|
April 2023 |
NIS 5,500 |
|
April 2024 |
NIS 5,700 |
|
April 2025 |
NIS 5,800 |
|
December 2025 |
NIS 6,000 |
Implication:
Employers in Israel shall note revised minimum wages rate and align their payroll processes accordingly.