Israeli biomed salaries rise despite global slowdown
The rise is probably due to the shortage of professional staff.The global slowdown and falling shekel-dollar exchange rate in recent months have led to substantial job cuts at high-tech companies in Israel. However, in biomed, the high-tech industry's smaller sister, it's business as usual.
Figures provided by job placement agency Jobinfo Group ahead of the ISLI Bio-Med Israel 2008 conference opening on May 29, show that salaries in the biomed sector rose 13% in the first quarter, compared with the corresponding quarter in 2007. The increase relates to four representative jobs in the biomed industry, for which the average salary reached NIS 12,225, compared with NIS 11,000 in the corresponding quarter in 2007.
The rise in salaries is probably due to the shortage of professional staff in the industry. The figures also show an increase in demand for a range of clinical trial positions, including trial managers, regulatory experts, clinical trial associates, clinical applications engineers, and patent specialists.
The increase in demand for staff was noticeable in medical device and pharmaceutical companies, and even in start-ups most of whose intake consists principally of graduates with advanced degrees in various areas of research. Jobinfo notes that there has also been an increase in demand for biomedical engineers for various roles in clinical applications and biomedical engineering, as well as graduates with advanced degrees for algorithm development.