In the weeks leading up to Rosh Hashana and Passover, the Israeli media unwraps the presents that employees will be receiving for the upcoming holiday.
Gift package values per company:
TheMarker gives an example of how the bonuses are paid for. At the Bank of Israel (BoI), employees set aside up to NIS 80 per month to a Workers' Council fund, or NIS 960 per year, which is almost as much as the NIS 1050-valued gift they'll receive as you can see in the list above. However, this fund also pays for the Council's activities, Passover presents and BoI pensioners' Rosh Hashana and Passover gifts.
Although the BoI also contributes, do you think it makes sense that employees pay for their own gifts?
In Economic Slowdown Aside: Average Value of Holiday Presents Rises 21% to NIS 470 (Hebrew), TheMarker announces:
It's funny in a sad way how the above article uses the gift-giving as an indicator for the Israeli economy.
In other words, companies are giving more but their giving is almost inconsiderate of employees' desires. So why continue doing it if people won't appreciate the effort?
May this be your favorite year yet. Speaking of favorites- as a rollerblading nut, here's a Rosh Hashana video card that I enjoyed and hope you will too:
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