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Israel

Employee Benefits Report

Product Employee Benefits Reports Rev Israel

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in Israel

  • Details of the state and compulsory benefits
  • Insight into typical market practice
  • Examines changes to the costs and benefits of social security and mandatory benefits requirements
  • Demographic and economic information including projections
  • Mandatory pension provision, normal and parental leave and other state benefits
  • Details of applicable taxation
  • Extensive geopolitical and operational risk analysis

Report Overview

Comprehensive employee benefits information for Israel Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for Israel provides expert analysis of the Israeli benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Israel or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in Israel, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in Israel, the report outlines the employment benefits requirements for your employees in Israel. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the economy of Israel, the local political situation, and climate, operational, and security risks.

Israel Report Extract

Below is a very brief extract of information from the Israel Employee Benefits Report; more updated information may be available in the latest published report.

Retirement

Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through the national insurance programme and are administered by the National Insurance Institute of Israel. Employers are mandated to provide a private pension as chosen by the employee (the employer's default plan is used where the employee does not make a choice); the employee may also choose …

Typical Employer Practice

Employers may provide supplementary retirement benefits; benefits are provided through voluntary contributions …

The report contains more information on retirement benefits in Israel including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more



Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities (known as severance pay) are provided by employers. The minimum and maximum employer contribution equal …

Typical Employer Practice

Employers commonly provide supplementary termination indemnities; benefits are provided through the provision of severance pay to the employee in all circumstances (irrespective of …

More information on Eligibility; When Benefit is Paid; Benefit details and the associated Taxation applicable to termination indemnities is available in the report.

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£450

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