Full coverage· Economy· Updated
Israeli Election Day Off Costs Businesses Billions
Israeli businesses face an estimated 2.68 billion shekel cost from the upcoming election day off, according to the Manufacturers Association of Israel. This expense covers salaries paid to employees on a non-working day.
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What happened
- 01Israeli businesses will pay an estimated 2.68 billion shekels for the upcoming election day off.
- 02The cost covers salaries for approximately 4 million employees in both public and private sectors.
- 03The total election expenses, including the day off, are estimated between 3.5 and 4 billion shekels.
- 04An expert criticized Israel's election system as outdated and costly compared to other OECD nations.
- 05Alternative voting methods and flexible work arrangements are proposed to reduce the impact of the day off.
A labor law expert criticized the system as outdated, suggesting alternatives like weekend voting or remote work options to reduce the financial burden and improve accessibility for voters.
The coverage
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