High-Tech
The high-tech industry is known for its knowledge, innovation, and technology.
The industry’s activity relies primarily on human capital.
The Challenges
The high-tech sector is one of Israel’s most sought-after employment fields, presenting unique challenges for payroll and HR departments:
- Workforce Changes – High employee turnover is common due to abundant business opportunities, strong industry demand, and high employee mobility.
- Monitoring Working Hours and Travel– In the high-tech sector, senior executives and marketing representatives often undertake numerous business trips, both domestically and internationally. These job requirements make it challenging to track working hours, manage travel reimbursements, and calculate salary components accurately.
- External Employees (Outsourcing) – The high-tech sector relies heavily on outsourced workers, temporary project staff, and external consultants, Therefore, it is essential to manage them in the attendance system without issuing a pay slip.
- Payment and Tax Calculation on Equity Options – In the high-tech sector, it’s common to offer equity options. Calculating payments for equity or stock options, as well as the tax and National Insurance contributions on these options, adds complexity to payroll management..
Recruitment System
A module for recruiting and sourcing candidates, allowing efficient management of the screening and selection process
Digital Onboarding System
A module that streamlines and digitizes the employee onboarding process, making it quick, simple, and efficient
Payment and Tax Calculation on Equity Options
Automated calculation of equity or stock option exercises
