2025 began with sharp prices in Israel from consumer products, as well as electricity and water rates, municipal taxes, and a value -added tax to 18 %. In such circumstances, technology managers are used to receive requests from employees who want to rise.
Although this may happen on a job based on work for experienced employees who have a history of academic and practical excellence, the general trend is the opposite: a continuous decrease in salaries and job display in the Israeli technology industry.
According to the data of the Central Bureau of Statistics published last week, the average monthly technical salary in Israel decreased to less than 30,000 NIS at the end of last year, after crossing for five months. In fact, according to the Central Bureau of Statistics, 2024 is the first year of many who have seen any salary increase in the technology industry.
At the end of 2021, the average monthly salary in Israel in the technology sector was 26,428 NIS. At the end of 2022, with the start of the global technology crisis, the average monthly salary continued to rise to 27787 NIS and by the end of 2023, it has already reached 29,826 NIS. But in 2024, for the first time, the monthly salary decreased to 29,736 NIS, after it was higher than 30,000 NIS per year.
According to the Central Statistics Office, the software developer salary decreased to 3,1100 NIS, after it had already reached more than 33,000 NIS between June and September last year, and returned to the model numbers for 2023.
The number of employees in the sector shrinks
In summarizing the average salary in the technology industry, the Central Bureau of Statistics also calculated the number of employees in the technology sector, which is shrinking. After reaching 400,000 employees in most months of last year, about 398-399,000 employees fell.
The same applies to the basic professions of super technology: the number of program developers decreased from 218,000 to 217,000 between the last summer and the fall, and the number of engineers and research and scientific development employees decreased to a decrease that has not been seen since the past decade from 50,000.
A comparison between the Central Bureau of Statistics between last November data and data published before the war that there is a decrease of 33 % in the number of vacancies in the field of network engineers, by 11 % in jobs in engineering and technical professions, a 5 % decrease in engineering jobs, and a decrease in a rate 1 % in software development.
Eyal Solomon, CEO of Eatosa Technology, believes that since the drop in the past six months in Israeli technology ranged between 3 % to 5 %, “given the increase in the cost of living, this is a real wage decrease says.” We are in An unprecedented time, where if employees in the past are used for the fact that a new job means an increase in wages compared to the previous salary, then it is no longer Existing. 41000 nis.
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The signing of the rewards has disappeared: “I don't remember such a thing.”
Suleiman says that the signing of rewards in the industry has disappeared and the competition for every employee, which was aggressive, is present. The recruits say – if he is not interested in joining, he does not need it, another person will come. The 2022 crisis.
“In practice, when there are fewer start -up companies and more employees per position, companies have a mindset that says – how can I pay less for each position.”
Timor Shabtai, Human Resources Adviser, Salary and Benefits, explains that the market has become more selective. “Those who are in a good bargaining mode managed to upgrade conditions, but this is not a wide trend but rather targeted adjustments, apparently. Rancies can be caused by the release of high wages workers.
“In addition, today there are new trends such as large residence, which means that the employees who remain in their jobs due to economic uncertainty. The height of the salary.”
It was published by Globes, Israel Business News – En.globes.co.il – on February 24, 2025.
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