Hire your remote team in Israel

Name: Hire a remote team in Israel
Brand: Rivermate
SKU: israel
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

We currently do not offer any services in this country.
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Hiring a remote team in a country as Israel comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Israel. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Israel with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Israel, particularly if you don't have established local relationships. You can hire employees in Israel effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Israel.

As an employer of record, we help you hire employees and run payroll services in Israel, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Israel.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Israel or individually hire remote employees in Israel, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Israel services can best help your company!

3. Hire a remote team in Israel

Israel has a sophisticated free-market economy, with the technological and industrial manufacturing sectors dominating. Because to the epidemic, Israel's unemployment rate has risen from 3.78% in 2020 to 5.39% in 2021. Israel is well-known for its diamond cutting sector, and diamond is the country's most important product, accounting for 18.1% of total exports. Many global corporations have established branches in the country.

The education, scientific, and technology industry has grown significantly and contributed to higher employment rates. The hi-tech industry has also seen rapid expansion, and the country is a popular tourism destination. Israel also maintains cordial international connections and has signed free trade treaties with the European Union, the United States, and a number of other nations. Finance, construction, and agriculture are among the other important businesses.

4. Cost of living in Israel

The cost of living in Israel is $1748 per month, which is 1.87 times more than the global average. Israel ranks 17th out of 197 nations in terms of cost of living and 32nd in terms of quality of life.

In Israel, the average after-tax wage is $2609, which is adequate to pay living costs for 1.5 months.

5. Cost of renting in Israel

Israel now has the world's eighth highest cost of living. It is one of the most vibrant nations in the world. The country has many cultural and historical sites, making it a popular tourist destination. It is the sixth most costly city in terms of rent, food, and purchasing power.

The cost of renting an apartment in Israel is determined by the location as well as the amenities provided. Depending on where you live, renting a 1 BHK will cost you approximately 3429.54₪ ($991.1). The rent is liable to rise based on the facilities provided and the desired lifestyle.

6. Major industries in Israel

The country's largest industry is technology. The hi-tech industry is expanding rapidly. It manufactures a variety of technological goods such as computer chips, CPUs, hard drives, and many more. This area offers excellent opportunities for investors.

Industrial manufacturing is another important business. This industry has expanded dramatically. This comprises the diamond cutting business in Israel. Israel is the cutting, polishing, and exporting hub for cut diamonds. This sector accounts for around 23.2% of total exports.

The agriculture business is a strong and appealing investment that is predicted to develop rapidly. There are prospects in this business since food is one of the country's most significant industries.

Another important business that contributes significantly to the Israeli economy is tourism. Because it is a center for archaeology, adventure, and history tourism, 4.5 million visitors visited the nation in 2019. Jerusalem is the most visited city in the nation.

7. Hiring cost in Israel

For a successful recruiting campaign, you must consider many crucial factors of hiring costs. Some of the most critical aspects that demand your attention are as follows:

- Cost of conducting the recruitment process.

- Time required for the recruitment process.

- Cost of onboarding and training the employees.

- Opportunity cost

8. Employment laws Israel

Israel's employment regulations included a comprehensive framework. Maximum work hours, extra compensation, and available leaves are some of the elements that differ by industry. The Israeli Labour Law governs the following areas of employment:

- Maximum 43 work hours a week

- Paid and unpaid leaves

- Termination of employment

- Employee rights

- Workplace surveillance

- Anti-discrimination

In Israel, employer-employee interactions are controlled by the following laws and regulations:

- Legislation (federal, state, and territory laws)

- Employee protection laws

- Contractual agreements

- The common law

- Social security laws

9. Top skills Israel

The industrial manufacturing and technology sectors dominate Israel's sophisticated free-market economy. As a result, it is eager to hire competent persons and highly educated experts who have been schooled in a variety of hard and soft talents. From a software engineer to a self-employed individual, Israel has several options. A country is an amazing destination for entrepreneurial spirits since it is renowned as the world's Start-up nation.

If you are an employer looking to hire remote employees in Israel, these are the top skills in Israel:

- Technology/ Hi-Tech

- Business

- Manufacturing

- Education

- Marketing

Jerusalem- Jerusalem is one of the world's oldest cities and is regarded a sacred place by Christians, Jews, and Muslims. Tourism is the primary industry that has thrived in this city. Other industries include education, the food and lodging industry, and agriculture.

Tel Aviv- Tel Aviv is Israel's most populated city. It is a metropolitan region where various foreign embassies are located. Because of its huge vegan population, the city is also known as "The World's Vegan Capital." Tel Aviv's major industry is hi-tech, and the city is commonly referred to as Silicon Wadi. Food manufacture, textile facilities, and chemical processing are among the other industries.

10. Economic landscape in Israel

Israel has the highest tax rate in the world, and it is one of the country's key sources of revenue. GDP fell by 6.3% in 2020 compared to 2019, when it increased by 3.4%. However, the economy is predicted to increase in 2021-2022 as it recovers from the epidemic. Due to the influence of COVID-19 on numerous industries, the country's unemployment rate increased in 2021 compared to 2020.

11. Market size in Israel

Israel boasts a huge number of start-ups and is renowned as the world's start-up country, ranking second only to the United States. Industrial manufacturing and technology are the most prevalent industries. The nation is well-known for its diamond industry. The solar energy sector and tourism are two additional major businesses. Israel has the highest tax rate in the world, which is the primary source of national revenue.

12. Minimum wage in Israel

In Israel, the monthly (gross) minimum wage is NIS 5,300, and not less than NIS 29.12 per hour.

13.Why choose Rivermate to hire your remote team in Israel?

Establishing an entity in Israel to hire a team takes time, money, and effort. The labor law in Israel has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Israel simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Israel give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Israel via our Employer of Record (EOR) / PEO solution.