Israel is enjoying a solid economy. It is in second place in terms of the number of startup companies and falls in the category of developed countries. This makes it is a great place to work.
There are many employment opportunities for graduates, but competition is also fierce. Employers seek out workers with solid work experience and good academic backing. Major industries include electronics, IT, biotechnology, construction, tourism, telecommunications, cut diamonds and agriculture. Salaries in Israel are generally lower than North America and Europe, and the living cost higher in many cases, still you can live respectfully. Salaries of Business managers, doctors and computer engineers fall in the highest income bracket.
Work atmosphere in Israel is quality oriented, and opinions matter. Meetings often run late because opinions are discussed at length. Subtlety is not a virtue, if you are not straightforward in voicing your opinion, you will not be trusted. Good results take precedence over meeting deadlines or sticking to schedules. Israeli employees tend to overlook hierarchy, and risk shortcuts to reach professional goals. Those who adhere to rules too strictly, risk being called friars or pushovers.
Migrant workers get the same working conditions as a local employee. A work day is eight hours inclusive of breaks and after having worked for three months, you become entitled to nine religious, paid days off. Just remember to inform your boss which religious holidays you will be taking. Overtime policy is fairly standard; you become entitled to overtime after nine hours, when working a 5-day week. The initial two hours are paid at 125% of the hourly pay, every hour after that is payable at the rate of 150%.