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According to the update, which will take effect on April 1, 2024, the minimum wage for a full-time job will be ILS 5,880.02. The increase will also be reflected in the sums of social contributions to provident and severance pay funds, vacation pay, overtime pay, and sick pay.
New regulations in Israel regulate for the first time the wage components of contract workers in the security guard, cleaning, and catering sectors.
The update will take effect already in the salaries for April 2023 and will affect the sums of social contributions to provident funds and severance pay, vacation pay, overtime pay, and sick pay.