Israeli Executives’ Salaries Continue to Fall

YERUSHALAYIM -
The Tel Aviv Stock Exchange (Miriam Alster/Flash90)
The Tel Aviv Stock Exchange. (Miriam Alster/Flash90)

The average salary for a top executive in an Israeli company traded publicly was NIS 1.65 million in 2015, a slight drop from the NIS 1.7 million for executives in 2014. After taxes, the average CEO of a publicly traded company takes home slightly less than NIS 100,000 a month, according to statistics compiled by the Securities Administration.

When taking into consideration companies traded on the Tel Aviv Stock Exchange, CEOs of those companies saw their salaries rise 7.5 percent in 2015 compared to a year earlier, while the salaries of other top executives fell. The data showed that 18 percent of the CEOs earn NIS 2.5 million or more.

The best paid executives were in the area of finance, where top executives made on average NIS 2.4 million a year. However, salaries in this area have taken a hit in recent years; in 2014, they made NIS 2.6 million a year, while in 2013 their salaries were NIS 3 million per annum.

The value of publicly traded companies jumped 55 percent between 2012 and 2015, while salaries of top officials grew by 9 percent. In 2014 and 2015, the value of companies rose 20 percent, while salaries were up only 3 percent, the study said.