Soon to be released ! The first ever English language Employee’s Rights Handbook ! This comprehensive guide explains in layman’s terms the makeup of the Israeli payslip, how to read it, explained are the basic labor laws, sick leave pay, vacation, protection of salary, severance pay, women’s employment, overtime, minimum wage, youth employment, work and …
Tag Archives: Israel
Are you a salaried employee with mutiple employers ? Save on your Social security payments !
If you are employed currently by two employers you may be paying too much social security (Bituach Leumi) and health tax (Bituach Briut) from your secondary place of employment. First, it’s important to understand that for each place of employment you will need to pay Bituach leumi and Bituach Briut. There are two rates for each. The first …
Severance pay when % of position changes
Usually, when an employee is owed severance pay, the last full payslip is the basis for the configuration of severance pay, or is it ? For an employee whose pay is monthly based – yes, proportionate to the % of position actually worked, of course. But, let’s say that an employee worked at a full-time position for …
Mandatory Pension law
The mandatory pension law was recently updated (Sept 7, 2010).Originally planned for gradual annual updates from 2008 – 2013, when the mandatory % will reach 15% (5% employee, 5% employer and 5% severance pay -employer) The new revision now ads another year (2014).Starting Jan 1, 2014 the mandatory pension will be 17.50% as follows:employee – …