Tech salaries in Israel are declining and job supply is decreasing in the tech industry, according to the Central Bureau of Statistics. The average monthly tech salary fell below NIS 30,000 at the end of last year, after crossing above it for five months. The number of employees in the tech sector is also shrinking. The decline in salaries, combined with the increase in the cost of living, has resulted in a higher real wage decline. Signing on bonuses have disappeared and competition for employees is no longer aggressive.
image sourced from original article at https://en.globes.co.il/en/article-tech-salaries-in-israel-falling-with-jobs-harder-to-find-1001502891Original article source: https://en.globes.co.il/en/article-tech-salaries-in-israel-falling-with-jobs-harder-to-find-1001502891
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