Agreed: A "package deal" in the economy - Minimum wage to NIS 6,000 and Employment flexibility

The Minister of Finance, the Governor of the Bank of Israel, the Chairman of the Histadrut, the Chairman of the Presidents of Employers and Businesses in Israel and the President of the Manufacturers' Association and the Chairman of the Presidents of the Business Sector, agreed on a "package deal" in the economy:
Gradually raising the minimum wage to NIS 6,000; Employment flexibility and tools to stimulate the economy; Certainty in labor relations in the public sector. 
The package deal brings workers in line - the minimum wage will gradually rise to NIS 6,000, which will help reduce gaps and strengthen the status of low-wage workers, promote managerial flexibility in the private and public sector and provide certainty in labor relations in the economy - postponing the framework agreement in the public sector to 2023.
The Minister of Finance, Avigdor Lieberman: "For the first time in 37 years, we are today signing a package deal - which is great news for the Israeli economy and economy. On my first day as Minister of Finance, In the depths of all my partners, we were able to agree on measures that will lead the economy forward and create employment stability here. "The package was essential for the recovery of the economy and the contribution to the economy is significant to this day. .
The Governor of the Bank of Israel, Prof. Amir Yaron: "This is important news for the economy at this time, for several reasons. The main one, in my opinion, is the certainty that the "package deal" produces for economic activity in the economy, in addition to being graded and proportionate. This is especially true in these days when the economy is going through, and fortunately is coming out of, such a severe economic crisis. The industrial calm that is expected to be created in the face of agreements, both in the private sector and in the public sector, is essential in its support of the various economic processes in the economy - those already in the process and those that will be created based on clarifying the situation for years to come. Equally important is the demonstration of the ability to cooperate for the benefit of the economy, which can contribute to advancing further moves to advance the economy in the coming years. "Now we have to look ahead to the additional tasks that lie ahead - to ensure the continued economic momentum while joining forces, on important issues such as transportation, education, vocational training and more."
Histadrut chairman Arnon Bar-David: "The package deal is an important line in labor relations in Israel, which will help rehabilitate the economy and help improve the situation of workers. A gradual increase in the minimum wage to NIS 6,000 will directly affect hundreds of thousands of families at low wage levels and will push the entire wage level upwards. My decision to promote a package deal has grown, out of a deep sense of responsibility for the fate of Israeli society, and I thank the Minister of Finance and all our partners for knowing how to bridge the gaps and lay the groundwork for the economy to take off. The news we brought to the public today largely reflects the state and responsible line that the Histadrut has taken throughout the crisis. In zero days of strike and unifying discourse, we have once again proved that the Histadrut under my leadership is a balancing factor in the economy that is not afraid to raise new flags. "Without wage cuts, without harming the pension system, with an innovative model of remote work and regulation of a dedicated budget to promote weakened sectors, we will ensure the recovery of the economy and ensure that all workers enjoy the fruits of growth."
Chairman of the Presidency of Employers and Businesses in Israel and President of the Manufacturers Association, Ron Tomer: "Last year our reality changed in such a way that we still do not fully understand. We only understand that countries that respond more quickly to the changing reality will be in a better, safer place. The agreement we are signing today is the first significant response to the changing reality.
The chairman of the presidency of the business sector, Dovi Amitai: "This is good news for the Israeli economy and economy.
The parties agreed to raise the minimum wage for workers earning the minimum wage taking into account the state of the labor market and budgetary constraints and therefore the minimum wage will be raised in a gradual and responsible manner, with an emphasis on reducing disparities and strengthening the status of low-wage workers:
Date - the amount of the minimum wage
April 2022 - NIS 5,400
April 2023 - NIS 5,500
April 2024 - NIS 5,700
April 2025 - NIS 5,800
December 2025 - NIS 6,000
The transaction will include the promotion of legislative amendments aimed at creating flexibility in the labor market and creating a work-house balance. As is customary in most OECD countries, the parties agreed on the transition to overtime calculation from a daily basis to a monthly basis, excluding underprivileged populations. The change will allow employees and employers to manage work hours more efficiently and tailored to the needs of the employee and employer and will allow employees the ability to balance work hours with leisure time. Legislative arrangements today are based on legislation from the 1950s and the summary will update the legislative arrangements to the challenges of the modern labor market.
An amendment to the annual leave law will also be made, with low-level workers receiving an additional day off, a total of 13 days instead of the current 12.
The Ministry of Finance intends to promote legislative measures soon in order to anchor this summary in coordination with the Ministry of Economy.
The package deal includes components that improve employment flexibility in the public sector and contribute to raising productivity: the parties agreed to continue working in the public sector in accordance with the principles of agreements signed during the Corona period and allowed employment flexibility and tools to deal with the consequences of the crisis. This is an innovative agreement signed between the Histadrut and the wage commissioner at the beginning of the Corona crisis and created new management tools while providing a balance between the needs of employees and employers.
Another summary is the regulation of the issue of work remotely by public sector employees - this is an innovative agreement that regulates the relationship between the employee and the employer working from home while preserving the rights and well-being of the employees. The agreement is designed to improve the balance between home and leisure and productivity.