I got a call from a friend a few weeks back. Let’s call her…Fifi. (She’ll like that). Fifi manages the customer support team of a SaaS company. The company wanted to roll out a bonus program for the team; Fifi had to come up with a structure for the program, that is, how bonuses would …
Real World Applications: Developing a Bonus Plan Read More »
Advisory Note This is intended to be a really high level explanation. Which I slammed out in the space of a few hours! While tired! And with a German tandem partner session in-between! So…. It probably won’t answer all of your questions, but hopefully you will find it helpful just the same. I’m happy to …
A Guide for the Perplexed: How to Read Your Tofes 106 Read More »
Excel templates with explanations that can be used for providing information on employees, employee benefits and employee obligations as part of a due-diligence process, setting up payroll with an external payroll provider and so on. Includes tabs for Israel and US employees based on my experience there as well as one for German employees which I …
Template: Employees, Benefit Plans and Labor Matters Read More »
Excel file you can use for collecting employee information to send to your payroll processor or controller. Includes sample tabs for Israel (English and Hebrew) and the UK. Payroll Data File
So, remember a post or two back, we talked about intangible assets? And how some types of intangible assets are protected by law? Well, the corollary to that is that other types aren’t. That’s right! There is nothing, NOTHING, standing between you and everyone in the whole wide world knowing the top-secret ingredient list of …
Loose Lips Sink Chips! Non-Disclosure Agreements Read More »
So, the big day is here. You are sitting across the table from Google or Facebook or Microsoft or someone equally rich and fab. They want to acquire your company and make all your dreams come true. (Well, at least those involving money. They probably cannot do much for Israel’s chances in the World Cup). …
First, an extremely bare-bones overview. In Israel, from the end of their first year of employment, an employee who has either been fired from their job or who quits under certain circumstances is entitled to receive severance pay (pitzu’im פיצויים) equal to one month’s of the their final salary for each year of employment. From …
What is Clause (סעיף Sa’if) 14 of the Severance Pay Law Read More »
First, writing. Don’t. Just do not write employee contracts templates. Step away from that computer. Have your legal counsel do it instead. Unless you are a lawyer, in which case I’ll allow it.
If I ever start a blog on personal finance, one of my first articles is going to be titled “Get Your D**ned Employment Terms in Writing”.
Close to 30 years ago, I worked as a bank teller. This was, hands down, one of the worst jobs I have ever had, surpassed only by my blessedly brief career as a vacuum cleaner salesman. Nonetheless, I did take three important and ultimately influential life lessons out of my time there. If you are …
Working with an External Payroll Provider or an Internal Payroll Controller Read More »
