Israel - benefits overview

Israel - benefits overview

Benefits in Israel

Typical benefits in Israel are:

-       public health care – mandatory,

-       pension - mandatory it has accident/disability coverage, some employers offer another layer of pension as a benefit,

-       education fund 7,5% covered by employer, 2,5 covered by employee, usually tax free,

-       car allowance might be offered - depending on the role, if it’s WHF it wouldn’t be applicable,

-       phone allowance,

-       private medical care - reimbursement with BUPA, offered by big companies, it’s less and less popular in Israel but it’s possible to offer in case the candidate asks for it.

 

Comments

 

 


    • Related Articles

    • Romania – employee hire market overview

      Romania – employee hire market overview - Annual Leave: 20 days mandatory by law, but almost no company offer that. Everyone has 21 as minimum annual leave. - Usually, the management positions have from 22-25 days off (one of them could be for the ...

    • Denmark – pension fund

      Denmark – pension fund In Denmark, employees can choose a fund but can also sign directly with the pension fund – XML does not need to get involved in the agreement. In the case the employee has chosen his fund and the amounts will be deducted from ...

    • Child benefit - Germany

      Child benefit - Germany The child benefit is a monthly payment of Euro 250 per child given to all German & EU citizens residing in Germany regardless of their income. Foreign nationals living in Germany, with a valid residence permit, may also claim ...

    • UK - pension

      UK pension rules - overview NEST’s policy - Employee pays 5% & Employer (XML) contributes additional 3% The calculation is based on the Banded Qualifying Earnings which means that the first £650 of income in the payroll month is not included in the ...

    • Benefits Scheme - US

      Benefits Scheme - US Employee then select her/his desired plans from a large variety of options (by State) – with a set budget Medical plans from Aetna, Blue Cross and Blue Sheild, Kaiser, UHC and more. Dental from Aetna, Delta Dental, MetLife and ...