Economy

What is happening with wages in the country's center?
From high incomes in central cities to significant gender gaps: a detailed analysis of the Israeli labor market based on age, profession, and geography.

Pension tips that will save you tens of thousands of shekels
Even if you are just about to retire, or have already retired, there are still ways you can maximize the monthly allowance you receive. On the order in which it is correct to withdraw from savings channels, how it is possible to hold two advanced training funds (Keren Hishtalmut), and also why if you are still working, you should not rush to withdraw your pension allowance. Advice ahead of...

Returned from reserve duty - and discovered a payslip of 0 shekels: "I felt that the country betrayed me"
While they bear the burden, reservists and their families face an employment market that turns its back on them. A casualty officer who accompanied the wounded was required to return to the office immediately: "They looked at me as if I had scammed someone." A reservist's wife says: "I was afraid of job interviews."

Monday explains to employees: "There is no connection between the CEO salary upgrade and the layoffs"
Ahead of the shareholders' vote on doubling the CEOs' compensation package, Monday denies to its employees any connection to the recent wave of layoffs, explaining that it is a periodic update. The company notes that the salary has not been updated since the IPO five years ago, and that it will now be adjusted to the level customary in the market.

Manufacturer of Guinness and Smirnoff wants to save a billion dollars: will fire thousands of employees
Diageo, the world's largest alcohol company, has unveiled an efficiency plan expected to lead to savings of one billion dollars over three years. The plan will lead to the cutting of between 3,000 and 5,000 jobs.

Pazgaz employees take industrial action: "There will be no gas during the holidays"
Pazgaz employees have initiated industrial action, threatening to halt gas supplies during the holidays. The workers are protesting against restructuring plans and demanding improved employment conditions.

Hot Mobile CEO Ilan Brok to Step Down Following Acquisition
After seven years as CEO of Hot Mobile, Ilan Brok has announced his resignation. He will remain in his role until the sale of the company to Delek Israel, Keystone, and Bank Leumi is finalized. During his tenure, the company surpassed 2 million subscribers and achieved significant growth in revenue and profitability.

Bank of America CEO revealed: spending more than $250 million a year on weight-loss drugs for employees
Bank of America spends over $250 million annually to fund GLP-1 weight-loss medications for its staff. CEO Brian Moynihan views the expenditure as a valuable investment in employee health and well-being.

Why bus drivers are becoming one of the most important resources for the economy
In recent years, the status of the bus driver in Israel has become increasingly prominent. If in the past the role was perceived as a technical job of transporting passengers from point to point, today it is a profession with high responsibility, daily impact on thousands of families, and stable employment opportunities for years to come.

Millions of shekels for discharged soldiers: grants of up to 18,000 shekels
As part of the "Influencing in Studies" program, hundreds of discharged combat soldiers and combat support personnel from unique populations received scholarships totaling over 10 million shekels this year.

New Legal Advisor to the Competition Authority: Adv. Yonatan Zweikel
Zweikel, who has served in recent years as Deputy Legal Advisor at the Competition Authority in the civil-administrative field, will replace Adv. Yael Sheinin, who retired this week. Following this appointment, most legal advisory positions in government ministries are now filled.

"A Climax of Humiliation": The Bullying Epidemic in the Israeli Labor Market
From claims of bullying at the Prime Minister's residence to quiet exclusion in government ministries: the alarming data of the Israeli labor market, and the reason why the problem will not solve itself.

Avi Eyal, one of the first investors in Monday: "The layoffs were managed as well as possible"
Avi Eyal, co-founder of Entrée Capital, addressed the recent layoffs at Monday and the compensation request for its CEOs. He emphasized that these steps are essential for the company's survival in the AI era.

"The manpower situation in the industry without Palestinian workers is better - our output has increased by 30%"
The heads of the construction company Omer Handasa welcome the replacement of Palestinian workers with foreign ones, claiming: "The workforce today is more stable and of higher quality." They estimate that the peak of the crisis in the industry is behind us, protest against the authorities' lack of recognition of the industry's difficulties, and state: "When we dealt with state tenders, we did not...

At 26, she manages an investment portfolio and a financial career, and believes in two stocks
When Noam Ashdod received her first pay slip in high school, she discovered her passion for the world of finance. Today, she is a 26-year-old financial planner with a structured investment agenda that includes a lot of patience and zero Bitcoin. And also: 2 Israeli stocks she believes in.

Breaking the concrete floor
For years, it has been customary to speak of a "glass ceiling": the invisible barrier that prevents talented women from advancing to the most senior positions. But before they collide with the ceiling, they must escape from what is known as the "concrete floor."

After months of crisis: another round of layoffs at Walla
After months of tension between management and the employees' representatives, agreements were reached on a reduction plan: up to seven employees will end their employment, two will be reassigned to other roles, and management committed not to carry out further layoffs among journalists in the next seven months.

National Insurance: How Old-Age Pensions Are Calculated
A worker and their employer may transfer over a million shekels to the state throughout their career, but the National Insurance Institute distributes old-age pensions amounting to only a few thousand shekels. We explain how this mechanism works and why it is not a personal savings account.

14.5% Salary Increase and Improved Conditions: Tambord Employees Secure New Agreement
The Histadrut and the management of Tambord have signed a four-year collective agreement granting approximately 70 employees a 14.5% salary increase, alongside improved welfare benefits and food allowances.

Eran Zahavi launches his own padel league: "EZ7 Padel Tour"
Israeli football star Eran Zahavi is expanding his business portfolio by launching a national padel league and opening a new sports complex under his ownership.

National Insurance Institute: Unemployment Benefits of Up to 13,769 Shekels to Be Paid on August 12
The National Insurance Institute (Bituach Leumi) has announced that unemployment benefits for eligible individuals will be deposited into accounts on August 12.
3,000 NIS for one day: Applications open for polling station secretary
The Central Elections Committee has opened the application process for polling station secretaries for the upcoming October elections. Applications are accepted until August 14, with a gross payment of 3,000 NIS for the day.

The Monday Method: Mass Layoffs and Doubling CEO Salaries
Monday's leadership initiated a wave of layoffs affecting 620 employees while simultaneously asking shareholders to approve a plan to double their own compensation packages to $14 million by 2029.

Holiday Pay: Who is Eligible and How to Calculate Your Entitlements
Holiday pay is a right often overlooked by hourly and daily workers. We explain who is eligible, the seniority and attendance requirements, and how to verify your pay slip to ensure you receive what you are owed.

Strauss Plant Workers in the North Secure 4% Pay Rise and Signing Bonus
A new four-year collective agreement has been signed for approximately 300 employees at the Strauss dairy plant in the Bar-Lev industrial park. The deal includes a 4% annual salary increase, a 1,000 NIS signing bonus, subsidized couple vacations, and individual pay adjustments.

Shirel Hogeg Steps Down as CEO of AM:PM
AM:PM CEO Shirel Hogeg is stepping down from his role at the Dor Alon company. A prominent activist since the October 7 massacre, Hogeg has been a vocal critic of the government and a co-founder of the "Kumu" movement.

Average High-Tech Salary Jumps to Over 35,000 Shekels, Amidst Stagnant Hiring
The average high-tech salary reached 35,760 shekels per month in May 2026, a 13.7% increase from May of last year. However, the number of positions remained virtually unchanged, signaling a shift in industry dynamics.

How Much Will Dadi Barnea Earn at ONDS? Estimate: A Package of $4 Million or More
Former Mossad chief Dadi Barnea has been appointed chairman of the American company ONDS. Experts estimate his compensation package to be worth at least $4 million.

Walla to pay employee 53,000 shekels: "Unrealistic performance demands"
Walla dismissed an editor evacuated from Miflasim after setting "unrealistic" performance targets. Despite a 150% increase in traffic, she was fired. The court ordered the news site to pay 53,000 shekels in compensation.

Tel Aviv: One of the Most Expensive Cities for Employers and Less Profitable for Employees
A new study by Payoneer Workforce Management reveals that Tel Aviv is among the most expensive global cities for hiring, while offering employees one of the lowest net salaries.

Lottery Winner of 12.5 Million Shekels Admits: "I Mismanaged My Money, I'm Back to Work"
Reuven Shemesh, a painter from Hadera who won 12.5 million shekels in the lottery, reflects on his financial mistakes. After a period of lavish spending, he has returned to his original trade.

$14 million: The CEOs who fired 600 employees and are asking for double the salary
Roy Mann and Eran Zinman, the founders and CEOs of Monday, are asking the company's general meeting for a tiered salary increase that will bring them to a level of $14 million each. The company recently announced the layoff of 600 employees.

Following Bullying Allegations, Erez Nahum Launches Competitor to Apax Israel
Former Apax Israel partner Erez Nahum is raising 500 million shekels for his new Leox Opportunity Fund. The fund will focus on mid-market investments, directly competing with his former employer.

Blow to Arkia: Senior Vice President leaves post after less than a year
Spir Ifragan has announced her departure after a short tenure overseeing revenue, route networks, and commercial operations at the Israeli airline. The company has not yet provided a response.

The editor-in-chief of Israel Hayom reveals: The new and surprising appointment
After starting her professional career as a news editor at the "Hamal" website, the young journalist is joining the newspaper's team of reporters and will serve in a particularly sensitive role during the current days of emergency and crisis.

Cellcom Announces Leadership Change: New CEO Appointed for Safeway Subsidiary
Following the departure of Sivan Shoshan Lisha, Cellcom has appointed Sharon Ezra as the new CEO of Safeway, its cyber and information security subsidiary. Group CEO Eli Adadi stated that Ezra's extensive experience will be instrumental in strengthening the company's market position.

Strike at Rafa: Management offered a 2,000 shekel bonus, employees want more
Employees of the pharmaceutical manufacturer Rafa are on strike, demanding bonuses for their role in the company's IPO and value growth. Workers have rejected management's offer of a one-time 2,000 shekel payment.

Bank Hapoalim Opens Registration for 1.2 Million Shekel Scholarship Fund
Bank Hapoalim has announced the opening of registration for the eighth year of the "Poalim Le-Hatzlacha" scholarship fund. The program provides 120 students with 10,000 shekel grants, alongside professional development and volunteering opportunities.

3% Salary Increase and Expanded Pension Benefits: Employees at Yes Secure Major Gains
The management of yes, the workers' committee, and the National Federation of Labor have signed an extension of the collective agreement through the end of 2026. The deal includes a salary increase of up to 3% and improved pension contributions.

The New Corporate Battle: How to Retain Employees
The labor market has shifted: employees now evaluate workplaces based on daily experiences rather than just salary. Employer branding has become a vital measure of trust and retention.