The Jerusalem Post annual conference: 7 Israeli ministers will meet you there!
Economy Ministry to subsidize wages for Arabs and haredim
By
June 17, 2014 23:20
Through July 29, employers will be able to apply for a subsidy covering up to 27.5 percent of the wage costs of underrepresented employees.
A haredi man stands on a hilltop in Beit Shemesh

A haredi man stands on a hilltop in Beit Shemesh 370. (photo credit:REUTERS)

The Economy Ministry announced Tuesday it will devote NIS 50 million to subsidize wages for groups underrepresented in the labor market, including Arabs, ultra-Orthodox Jews, the disabled and single parents.

Through July 29, employers will be able to apply for a subsidy covering up to 27.5 percent of the wage costs of underrepresented employees.



Be the first to know - Join our Facebook page.


Economy Minister Naftali Bennett said integrating underrepresented populations into the labor force was a priority for the country’s economic well-being.

“Israel is at a crossroads,” he said. “On the one hand, unemployment is very low. On the other hand, the labor participation rate is relatively low for male haredim, female Arabs and people with disabilities. The aid plan will help employers absorb these workers.”

The plan will, for the first time, make the hotel industry eligible. The inclusion is intended to help the hotel industry, which often suffers from staffing shortages.

Last week, the ministry launched a NIS 2m. program to aid social enterprises and encouraged them to hire employees from underemployed populations.
Relevant to your professional network? Please share on Linkedin

Tags:
  • Haredi
  • Israeli Arabs
  • orthodox jews
  • Prev Article
    Forex - EUR/USD dips as dollar gains on U.S. inflation data
    money
    Your investments: Common mistakes retirees make
    Next Article
    Share this article via
    from around the web
    Related Content
    The Teva Pharmaceutical Industries
    April 30, 2015
    Teva doubles down on Mylan, despite rejection

    By GLOBES, NIV ELIS

    Top Stories
    Israel Weather
    • 10 - 24
      Beer Sheva
      9 - 20
      Tel Aviv - Yafo
    • 12 - 19
      Jerusalem
      10 - 20
      Haifa
    • 13 - 27
      Elat
      10 - 24
      Tiberias