Israel’s employment solution
Yeul Sachir provides legal, efficient & flexible solutions for the employment of professionals for companies and entities in Israel
When you wish to hire new workers, especially freelancers, short term positions, consultants etc., the biggest obstacle is all the bureaucratic hassle. Drafting contracts, setting up social benefits payments, sick leave and all the other burdens that come with an employer-employee relationship.
So this is why we have set up YS outsourcing for Israeli entities, that specializes in employing workers on behalf of other businesses. We take on the employee with a personal employment contact, social benefits, insurance, vacation days and all other requirements.
You have the peace of mind knowing the employer- employee relationship is dealt with by professionals according to labor laws and national insurance regulations, and the employees have the peace of mind knowing all their rights are being protected.
How does it work?
Yeul Sachir and the client sign a service providing agreement in English, that formulates the party’s obligations, the employee salary cost, the nature of the relationship, and the role of the contactor proving the actual services (the employee).
After a meeting and an interview, the employee sign a personal work agreement with YS and becomes a salaried employee (and has an employer-employee relationship with YS). The employee reports his hours to the company and we bill the client and pay the employee his salary by direct deposit to his bank account. The employee is sent his pay-slip, every month and a 106 annual tax statement is issued in the end of every tax year.
The workers are employed according the regulations set by Israeli National Insurance and all of the company employees are considered salaried employees for all intents and purposes by all Israeli authorities.
What are the benefits for the client?
Operational and managerial flexibility
There is a contactor-client relationship between the the customer ordering the services and the worker as he is considered an employee of the YS Group.
The customer is assured that all taxes are paid
The customer is assured that all mandatory benefits such as pension and severance pay are being paid as well as optional ones (if he so desires) such as savings fund and other benefits.
Aside from the service fee, every penny the customer pays us goes towards the employee’s salary.
The invoicing is done quickly and efficiently and unless we are asked otherwise, it goes by by email with an electronic signature.
As the worker is considered our employee for all intents and purposes the customer is not obligated to hire him directly om his payroll after a year.