The Blogs: 10 of the Best Places to Work in Israel According to 2024 CofaceBDi Survey

Israel is experiencing some difficult times. The war in Gaza has caused major disruptions in the workplace and we’re still facing months of uncertainty and challenges. Despite the difficulties, Israel’s unemployment remains low, average salaries are rising, and companies are hiring. If you’re looking for a job, or thinking about a change of career, there are exciting opportunities at hand.

There are various factors to consider when you’re looking for work. The most obvious criteria are salaries, benefits, and logistic practicalities like the length of the daily commute and whether there is an option for hybrid work. Some Israeli employers excel beyond the commonplace and create extraordinary workplaces where you can enjoy your job, work with top-quality people, develop professionally, and realize all the benefits of a genuinely rewarding employee experience.

It’s worth taking a deeper look at what sets the exceptional companies apart from the average ones, to help you choose where to send your CV first. The prestigious CofaceBDi annual survey ranks the top Israeli employers in each sector. We’ll take a look at this year’s industry leaders, and explain exactly why they stand head and shoulders above the rest.

The 2024 Coface BDi Survey

Coface is a global credit insurer that specializes in business information as part of its international operations. Coface has a unique international database of hundreds of thousands of companies and is a globally respected source for fast, accurate and detailed business information. The CofaceBDi 2024 survey of Israeli companies is out, and it’s an excellent starting point for anybody who wants to prioritize their job search for the best places to work.

This article will highlight the highest rated company in five key business sectors, and look at how Coface rates them as some of the best places to work in Israel.

#1 Teva

Rated #1 in the Israeli pharmaceutical Sector by the 2024 CofaceBDiSurvey

The modern Teva company began as a wholesale drug business in Jerusalem in 1901, and can trace its origins back to the time of the Ottoman Empire Today, Teva is one of Israel’s largest corporations with over 38,000 employees worldwide. Teva is also one of the 500 most sustainable corporations in the world, according to a ranking compiled by Time magazine and data company Statistica.

People who want to feel that they are making a positive contribution through their work, regardless of their actual role, may be attracted to a career at Teva. The company is doing valuable work in providing effective medications, particularly in the treatment of multiple sclerosis and Parkinson’s disease, and in marketing affordable generic medicines.

Teva Israel offers a friendly and supportive workplace with an emphasis on career development and mentorship and a focus on employee wellbeing. Teva recruits to sites in Tel Aviv, Kfar Saba, Beer Sheva, and Shoham, offering at least some good opportunities for people who don’t want to make a daily commute to Tel Aviv.

#2 ICL Group

Rated #1 in its sector by the 2024 CofaceBDiSurvey

ICL Group is a leading global specialty minerals company and one of the largest fertilizer manufacturers in the world. It employs over 12,000 people worldwide and is a major employer in Israel, particularly in the southern region. ICL is strongly focused on employee engagement, as well as professional development and mentoring.

Some notable initiatives include their BIG program where any employee can propose ideas for new businesses or improvements to existing operations. ICL also gives employees paid leave to participate in community programs and initiatives in Israel including dispatching a team of volunteers to help with the rescue and relief operation following the Turkish earthquake in 2023 and the Thinking Doing project, a unique initiative where ICL staff team up with local people to launch practical projects that improve quality of life in their communities.

This company is on a continuous quest to make an impact and improve people’s lives by creating sustainable solutions for some of the world’s most pressing challenges such as food security. So, if you’re looking for a challenging role, with a supportive work environment, one where you can also make a meaningful impact then ICL could be a good match.

#3 Tnuva

Rated #1 in the Israeli food and beverages sector by the 2024 CofaceBDiSurvey

Tnuva is an iconic Israeli food company that was launched 22 years before the creation of the state of Israel. The former kibbutz movement cooperative was famous for its milk and dairy products and only became a private company in 2008. Tnuva has over 6,000 employees and operates across 38 sites nationwide. The company is a leading food tech innovator and is an important employer in Israel’s periphery.

Unlike some Israeli companies, Tnuva generally understands the need for a healthy work/life balance. The work culture is modern and the company places a strong emphasis on R&D. If you’re looking for a scientific or technical career within the food industry, Tnuva is definitely worth checking out.

Tnuva is well-known in Israel for its market dominance (and is also the world’s largest kosher food producer). Tnuva is a powerful brand in Israel and, like all of CofaceBDi’s top rankings, offers a high level of stability.

#4 Elbit

Rated #1 in the Israeli electronics and aviation sector by the 2024 CofaceBDiSurvey

Elbit is an important Israeli technology manufacturer and a core component of the wider Israeli defense industry. The company is a major supplier of advanced technologies to the IDF and to friendly foreign militaries. Elbit has a global reputation for the quality of its unmanned aircraft systems and intelligence and battlefield surveillance related products. If you’re interested in advanced – as in cutting edge – technologies, Elbit could be a fascinating place to work.

As with other high-tech companies, keep in mind that recruitment goes beyond just the technical fields of programming and engineering. Elbit is an international company with subsidiaries, factories and operations in several countries. They regularly recruit for all the roles that you’d expect to find in a global manufacturing company, including production, marketing, sales and administration.

As well as providing opportunities to work on some genuinely interesting projects that contribute to the defense of Israel and its allies, Elbit offers competitive salaries and benefits, and a good working environment for employees.

#5 Amdocs

Rated #1 in the Israeli software sector by the 2024 CofaceBDi Survey

Although it’s now based in the US, Amdocs is still one of Israel’s biggest high-tech employers. With offices in Ra’anana, Sderot and Nazareth the company is a popular choice for Israelis who want to work on some of the world’s most advanced technology solutions, but don’t live in the high tech hub around Tel Aviv and Herzliya. Amdocs is an industry leader in some really exciting fields, including generative AI, cloud, automation and 5G technologies.

Amdocs is one of the world’s top software companies and has over 30,000 employees located in several countries. Salaries and working conditions are pretty much what you’d expect from a top tier high tech company and Amdocs is keen to invest in the professional development of employees. The company’s Tech Path program is designed to harness talent and provide a tailored career structure for staff.

If you’re looking for a chance to work with some of the best and brightest people in the software industry, Amdocs offers some excellent opportunities – as well as professional challenges and mentorship.

Top Companies in Some Less Well-Known Sectors

I have highlighted the top CofaceBDi rated companies in Israel’s best-known sectors, but Israel has a diversified economy and is also a leader in some unusual fields. One area is desalination and water treatment. IDE Technologies is rated #1 by Coface and is performing vital work securing water supplies for municipal and industrial customers. Another sector where Israel punches above its weight is medical technologies. Coface rates Inmode as #1 in this highly innovative, and vitally important sector.

Israel isn’t a country that most people associate with fashion and clothes design, but Delta Galil – CofaceBDi #1 in Israeli textiles – has an eye on global markets and is determined to put the Israeli clothing industry on the map. Not all Israeli business stars are high-tech companies. Hod Assaf is a titan of the base metal industry and is also the CofaceBDi #1 ranked company in its sector. If you want a career in heavy industry, Hod assaf operates iron plants in Akko and Kiryat Gat. Another CofaceBDi #1 ranking is the Keter Group, a major manufacturer of outdoor furniture and garden storage. Keter is a global company with a sustainable approach to creating products with advanced resins and plastics.

These Israeli companies offer a snapshot of the opportunities that are on offer for talented and motivated jobseekers. I have featured some of the companies from high profile sectors in the Israeli economy, but the CofaceBDi survey ranks almost 300 top companies from within almost every sector in the Israeli economy. There are thousands of companies hiring throughout the year – including startups. All it takes is a little persistence, flexibility, patience, (and occasionally a little chutzpah) to find your best workplace.