Manufacturing salaries on the rise

Mid-level managers received, on average, a yearly bonus of 1.19 times their monthly salaries, the report said.

By MATTHEW KRIEGER
October 17, 2007 07:57

Salaries of manufacturing employees have increased some 4.6 percent over 2007, after rising 3.4% in 2006 according to a Manufacturers Association of Israel survey published on Tuesday. It also indicated that yearly bonuses for manufacturing employees range from 0.82% of the employee's monthly salary for factory workers to more than 1.5 times the monthly salary of senior managers. Mid-level managers received, on average, a yearly bonus of 1.19 times their monthly salaries, the report said. The study was conducted by the economic research branch of the Association and surveyed employees in more than 180 different positions in dozens of companies. All of the employees questioned earn more than NIS 14,500 a month.


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