Hi-tech wages drop in Q4

Real wage levels rose 0.2% in the industrial sector to an average NIS 9,855, which is 35% more than the average salary in Israel.

The average real wage for hi-tech workers declined 1.5 percent to NIS 14,778 in the last quarter of 2005 from a year earlier, the Manufacturers Association said Monday. The drop followed three straight quarters of rising wage levels. Real wage levels rose 0.2% in the industrial sector to an average NIS 9,855, which is 35% more than the average salary in Israel, and almost three times the minimum wage, the association noted. The group expects wages in the industrial sector to rise 2.5% in 2006, after rising 2.1% in 2005.