A recent IVC-KPMG survey indicated that from the beginning of 2016 to the end of the third quarter, Israeli startup companies raised an overall sum of $4 billion. It is already safe to say that 2016 will be the local high tech industry's best year ever. Last year's record $4.4 billion financing will probably be surpassed in the little time remaining until the end of the year.
Funds raised by startups are used, among other things, to offer employees a lucrative pay package. The continuing high tech boom contributes to consistent rises in employee wages, which have also been breaking records in the past few years.
Figure published by the job placement company Jobinfo today indicate that in certain segments, the average gross salary is NIS 40,000, with a signing grant that could reach up to NIS 100,000.
The Jobinfo data shed light on salaries in various positions. Information security experts with 3-5 years of experience received a gross salary of NIS 25,000 per month. Employees with over 5 year of experience in this field make a significantly higher monthly salary of NIS 30,000-35,000. The company said that candidates who served in relevant IDF units could receive NIS 40,000, in addition to options on the company's shares.
Jobinfo also reviewed wages for software architects, which rose 8% in the past year, to NIS 38,000-40,000 for employees with more than 5 years of experience. An additional field that has prospered is DevOps, which integrates development with operations. The monthly wage of DevOps employees climbed 11.5% within a year to a gross salary of NIS 28,000-30,000 per month.
"Avoid missing out on good candidates"
"When dealing with the recruitment of technological personnel, mainly in startups, there is pressure to recruit the best, and top candidates in their fields are usually talking to several prospective employers at the same time," said Jobinfo Placement Director Sarit Malka-Lieberman, "In many cases a candidate has interviews at 15-20 companies and reaches to a situation in which he stops interviewing and halts the recruitment process at other companies.
"In fact, we find many companies delaying recruitment processes by demanding to see only candidates with very specific knowledge and experience, without focusing enough on the candidate's learning potential.
"At the same time, we also see companies that understand that the high competition and the shortage of candidates require them to be flexible and keep an open mind.
"These companies focus less on formal education and shorten the recruitment process to avoid missing out on good candidates. These companies definitely reach their recruitment objective," she explains. Malka-Lieberman added, "Due to the shortage in development, testing and support personnel, and the need to attain recruitment goals, the trend of recruiting personnel in India and Eastern Europe continues. They are managed remotely, as an addition to the development center in Israel, and this also takes place in startup companies."
Published by Globes [online], Israel business news - www.globes-online.com - on December 12, 2016
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