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Israeli high-tech salaries near US levels

יוני 23, 2008. Globes
The recent fall in the shekel-dollar exchange rate has resulted in an increase in dollar terms in salaries of Israeli high-tech employees. Figures released by global business consulting firm Radford reveal that the salary earned by a software engineer in Israel is close to the customary salary in the US. The survey, which covered 550 companies in 80 countries, reveals that a software engineer in Israel earns a total of $68,000 a year.

For the sake of comparison, a high-tech employee in the US earns a total of $76,000 a year, and a software engineer in Russia earns $17,993 a year. In countries in East Asia, the preferred location for outsourcing, the average salary is a quarter of what it is in Israel. Software engineers in China earn $19,457 a year, and in India they earn $14,240 a year.

Tali Atzmon, salary and remuneration solutions manager at search and selection agency Pilat Human Resources, which represents Radford in Israel says, "These figures show that labor costs in Israel are continuing to rise, largely as the result of the falling shekel-dollar exchange rate."

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