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Will This Help Raise Awareness So That Employers Will Pay More?

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The word salary in wood blocks on a coin pile

Salaries in Israel’s hi-tech industry are amongst the highest in the word and rising fast. A recent article (December 2017) in Globes – Israel Business arena’s major publication, reports that salaries for both hardware and software engineers have risen 20% since 2017. Surprisingly, salaries earned by engineers in Israel are at least 15 % higher than the salaries of their counterparts in the US. It’s a well-known fact in Israel, that the high-tech market is a great place for employees to be and Israeli companies are clearly committed to investing in their people.

Naturally, large corporations the world over are all about maximizing profits. For many companies, this translates to keeping wages low. The obsession with cutting costs by whatever means possible is considered by economists and business leaders, a short-sighted view that ultimately does more harm than good. However, it’s still a deeply entrenched habit. Companies that strive to share more of their wealth with their employees can suffer accusations of being too liberal or even socialist!

More and more business people are realizing that treating employees as nothing more than “costs” is not smart. Being good to your employees is a great investment. Happy employees give their best and will work the span of their career for the benefit of the company. Employees are also prospective customers. The lower the salaries, the less cash they have available and the less they will spend on your products or services!

Companies that invest in their people reap the benefits in multiple ways – including by ultimately increasing their profits.

Israel’s high-tech industry is a great example of where investment in people is high and where the benefits reaped translate to successful new companies being launched, high investment and high profits.

Take Nyotron for example. A rising star on Israel’s cyber-defense scene, Nyotron has developed some serious endpoint protection technology capable of helping companies stop or ward-off malicious cyber-attacks. The promising startup has just closed a new round of funding to the tune of 21 million USD. Meir Shamir, one of Nyotron’s major investors, is more than happy to invest in great companies that demonstrate a willingness to invest in their most important resources – their people. The foresight of investors such as Shamir and others, is one of the factors that is keeping Israeli high-tech companies amongst the best in the world.

 
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William R. Feins , freelance journalist from London, UK; he received his B.A. degree in Economics and his Masters in Sociology. William has always been interested in the mechanics of business and the inspiration of original thinkers, and firmly believes that the former can’t succeed without the latter. In his spare time, he enjoys the ridiculous spectacle of watching table tennis on a big screen (preferably at a pub) and reading weighty tomes about World War II.

66 COMMENTS

  1. Israel’s high-tech industry should be inspiring to everyone…i would love more if this happens everywhere…this is very informative article.

     
  2. So true: “Companies that invest in their people reap the benefits in multiple ways – including by ultimately increasing their profits.”

     
  3. Salaries in Israel’s hi-tech industry are amongst the highest in the word and rising fast. A recent article (December 2017) in Globes – Israel Business arena’s major publication, reports that salaries for both hardware and software engineers have risen 20% since 2017. Surprisingly, salaries earned by engineers in Israel are at least 15 % higher than the salaries of their counterparts in the US.

     
  4. I think to treat employees like companion is the best way increase productivity and that why Israel is known for his hi-tech industry.

     
  5. Great article. I think treating your employees with respect and giving them a fair wage will contribute to long term success for a company. This allows them to hold on to quality employees more often and get maximum effort from their employees.

     
  6. This is very informative and well described. It’s easy to understand all the points being made. I enjoyed it a lot and will share what I learned with all my friends.

     
  7. I always thought that 95% of the money are going to the 5% of the population. This thing has always been this way since humanity invented the coin, and I don’t think it will change.

     
  8. Companies would be nowhere if it weren’t for the employees that do the jobs. I would love to see these companies give back to the little guys.

     
  9. This is a very nice article. I just really hope employer can get there hands on this and read. the better you treat your workers the more good result the company gets. am very happy for Israel high-tech industry for setting great examples for the rest of the world

     
  10. Cyber-defense is becoming increasingly more important and we all switch over from paper record keeping to digital. Keep your assets safe!

     
  11. Reinvesting back into the employees that make it possible is key to becoming/staying a great company. I hope that this doesn’t fall on deaf ears.

     
  12. William has always been interested in the mechanics of business and the inspiration of original thinkers, and firmly believes that the former can’t succeed without the latter. In his spare time, he enjoys the ridiculous spectacle of watching table tennis on a big screen (preferably at a pub) and reading weighty tomes about World War II.

     
  13. I Hope companies of who produce hardware devices produces these with good price ( not very high)
    So we can have some balance for salaries to hardware and software engineers .

     
  14. So it looks like Israel ‘s employees are making more that US employees in the tech department. People need to treat their employees like they would want to be treated. Israel is showing their people that they matter. Meir Shamir is a great guy and leader who cares about people. More people should follow Israel’s example of great leadership. Great article!

     
  15. Two very important messages here: Cyber security has become a critically important issue. Companies need to be able to prevent and thwart hackers before anything happens. And also, employees should be treated much better. So many people put extra effort and care into the companies they work for and that sense of belonging and ownership should be rewarded with fair compensation and benefits.

     
  16. People are most companies most important resource, yet generally reimbursing them for the work they actually do is an afterthought.

     
  17. Financial benefit is the highest motivational tools for achieving target goal. For this perspective increasing salaries in technical service sector in Israel is so highly appreciable. It helps them to develop technical sector day by day. All of us should follow their Strategies.

     
  18. I hope the tech industry spreads to all countries. We need all of humanity working to get better not just 2 or 3 countries

     
  19. Financial benefit is the highest motivational tools for achieving target goal. For this perspective increasing salaries in technical service sector in Israel is so highly appreciable.

     
  20. I completely agree with this. The more an employer pays the grater motivation they will receive therefore more productivity. Couldn’t have put it better myself.

     

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