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Country Course
Overview of Payroll in Israel - Combined
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.
In-House Enquiries
About this course
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
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
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
New Hires
Termination –
Resignation and Dismissal (compensation, notice period, redemption of vacation and convalescence days, 161