Tech salaries continue to climb, highlighted by particularly sharp increases outside of Tel Aviv
Salaries of tech employees have increased by 5% overall in Israel over the past year, with demand climbing especially in the north of the country
"After years in which tech companies in the north struggled to compete with companies in the center and refrained from offering candidates similar conditions, they have for the first time in years improved their offers and aligned their working conditions and increased their salary expenses," said Tali Kempinski, Division Manager - North Sector at SQLink Group. "The catalyst for this change was social distancing and the move to work from home which resulted in a hybrid work model and blurred geographic boundaries. This has opened up more opportunities for candidates which has increased the competition and as a result also salary conditions."Dana Lavie, CEO of HR company Nisha, spoke of the overall increase in salaries in the tech sector. "Over the past three months we are seeing an average increase of 10% in the salaries of tech employees across the country," she said. "The overall increase is the result of a rise in demand and has turned the market into an employees' market. The effects of Covid-19 have made the location of an employee's residence insignificant as he can work from anywhere and isn't obligated to come to the office, and thankfully there is no longer a significant difference as there was in the past between the periphery and the center of the country."