How is it calculated?
Add gross salary, employer insurance at 4.51% up to ILS 7,703 and 7.6% above that up to ILS 51,910, contributions on the entered salary base, and additional costs. The annual estimate is monthly cost times 12.
Worked example
With ILS 10,000 gross and contribution base, 6.5% pension, 6% severance and no additional costs, employer insurance is ILS 521.98 and monthly cost is ILS 11,771.98.
Common questions
Does this include every employment entitlement?
Not automatically. Add non-payroll costs such as payroll administration. Leave, recuperation pay, travel, taxable benefits and special agreements require separate adjustments to salary bases and costs.