Overview

Israeli payroll is a complex field with lots of laws and regulations. This course will give you an opportunity to understand the basics of the Israeli Payroll, covering the main topics such as Income tax, National Insurances, Labor law, Pension etc., for both employers and employees.

Who is this course for?

This course is aimed for those who are managing payroll services or who processes payroll (Finance, payroll &HR Professionals) for Israel in their organization and need better understanding of legislative and legal requirements involved, support their business, and ensure compliance.

What will you achieve?

You will have the fundamental knowledge and understanding of payroll processing in Israel. You will be familiar with the employer rights & obligations, as well as the employees’, calculation of gross payments and deduction, pay slips and other forms. You will have the comprehension of periodic payment and will be able to answer employees’ queries.

What will be covered?

Course Overview 

Labor Law

• Hourly/ Monthly/ Globally
• Working Hours and Rest Law
• Wage Protection Law (1958)
• Time and attendance

Statutory Deductions 

• Income tax
• Tax coordination and tax refund.
• NI (National Insurances
• RSUs and Options

Pension and Study Funds

• Eligibility
• Fund components: benefits, compensation, work disability and calculations.
• Wage components for pension.
• Pension Consultant and operations
• work disability.
• Health insurance

Leaves

• Annual vacation leave
• Sick leave
• Parental leave (Maternity/ Paternity)
• Public Holiday (religious)
• Reserves duty
• Work disability
• Work accident

Employment

• Forms - 101, 106, 161, BL 250
• New Hires
• Termination –
  Resignation and Dismissal (compensation, notice period, redemption of vacation and convalescence days, 161 

Summary

Even though the course is delivered online there is the opportunity to ask the presenter any technical questions or request additional support throughout.