Payroll

We provide our clients with solutions for the challenges facing payroll management organizations together with tools to cope and adapt with the constant changing employment regulations whilst understanding the need to provide professional and quality service to employers and employees.

We also provide outsourcing  payroll services to organizations from all sectors of the economy; we have a professional and highly experienced payroll staff at your disposal who carry out all your salary calculations with rigorous control and review, adjusting to changes in regulation, accuracy and time compliance.

We developed a unique system (IPC) which enables importing data from the various payroll and attendance systems, we can adapt a variance set of reports upon client requirements, consolidating and creating documents and reports both in Hebrew and in English. Examples of deliverables are: detailed payment reports, detailed employer cost reports, salary change reports and much more. The system interfaces with existing ERP and CRM systems, enabling full integration at the highest level.

Our expertise is in connecting the inherent information available in human resource systems with the finance departments. In addition, we have vast experience with multinational companies.

Our payroll process is of the highest standard and is measured by quality and performance metrics each month.

Payroll services include:

• Salary Calculation - Calculation of the salary process from A to Z, including new hires, termination of employment, salary updates, monthly salary changes, army reserve duty, pension funds updates.

• Execution of control and inspections on wages until final customer approval. Submitting drafts for customer review and final approval, submitting of final reports and salary slips after final approval of the salary.

• Submitting statutory and regular reports on a monthly basis at customer’s request after salary approval.

• Year-end – submission of 101, checking and producing forms 106 for employees, testing, production and submission of 126.

• Possibility to respond directly to employee inquiries by email /telephone or meeting employees at clients's office. 

 Salary processing is part of the range of products and services under the cover of Yarel Management Services. We provide our clients full and professional services to enable them to meet legal and regulatory compliances while focusing on their core business.

Due to our high professional standards we can offer our clients the following: savings in personnel, regular updates on regulatory issues and changes in pay processes, ensuring information security, segregation of duties, dealing with an unexpected shortage of salary calculators, making controls and reviews of wages before sending them to the client. All the above with great care to meet the goals of professionalism, accuracy, scheduling and service, customer support and support in the world of labor law and manpower.