Monthly salaries in government companies: NIS 113,127 and NIS 98,620, respectively • Average CEO bonus: NIS 116,000 • However, the proportion of women in senior positions: 5.3% only
On the right is Rafael CEO Yoav Har Even, CEO of Ofer Bloch Electric Company // Photos: Dudi Greenshpan, Uri Lenz
It pays to work in government companies. Meet the record highs in government companies in 2018: CEO Rafael - NIS 113,127 per month, CEO of the electric company - NIS 97,365 per month, and CFO of the aerospace industry - NIS 94,380 a month. Record highs in government companies of senior employees: Port router Ashdod - NIS 98,620, aviation pilots in the aerospace industry - NIS 94,677, and a manager in the aerospace industry - NIS 81,185.
In the ports sector, the gross salary cost is the highest of all operating segments. The average salary of a CEO in government companies was NIS 62,345, compared to the average salary of a CEO in the TA 35, NIS 407,079. The average bonus for the CEO of a government company is NIS 116,000. This compares with an average bonus for the CEO of a Tel Aviv 35 index, which comes to NIS 1,776,000.
The proportion of senior women in government companies rose to 5.3%, compared with 3.2% earlier. However, the senior environment in male government companies is still high, and the proportion of men who staff senior positions reaches 94.7%.
The prevalence of nepotism is prevalent in government companies: The employment rate of relatives is very high - but the name goes for it: nepotism in these companies is steadily declining, and from 2014 to 2018 its rate has decreased by 2.7%.
The total revenue of the defense industries and infrastructure, energy and water companies is 74% of the total turnover of all government companies and is NIS 71 billion. 70% of the employees in government companies, ie 53,000 people, were employed in the defense industries and in the infrastructure, energy and water companies.
Competition for personnel
The CEO of the Government Companies Authority, Jacob Coin, commented on the data: "We are witnessing the results of the restructuring policy of the Companies Authority and the payroll manager in the moderation of the average wage increase in government companies compared to the average wage increase in the economy. There is also a significant decrease in the employment rate of relatives in these companies. The rise in wages in the defense industries and in road and rail companies is mainly due to the competition for high-quality personnel in the engineering and high-tech sectors. "
