A report published today by BDI-Coface lists Intel as the Best company to work for in Israeli high tech. A veteran in the Israeli high tech scene, Intel Israel was founded in 1974 and was the first development center outside the United States. It currently operates six offices in Israel, and in case you were wondering, there are 81 job openings at Intel right now…
Not far behind comes HP as the runner up, with a nice climb from spot number 8 last year. On the 3rd place you’ll find Big Blue (IBM) and Google was 4th. Motorola closes the top 5 list. The largest drops in rankings belong to Comverse (from 7th place to 17th) and AudioCodes (from 27th to 4oth place).
In an interview to Globes, BDI co-CEO Tehila Tamir-Yanai said:
“There has been recovery trend in high-tech during the second half of 2009, as far as hiring is concerned. Nonetheless, salary levels have remained unchanged, and have not corrected to the levels of before the crisis. Companies that cut salaries when the crisis broke out have not yet raised salaries back to their previous levels.”
Furthermore, high-tech employees were content with their jobs despite an average pay cut of 7.5% last year and layoffs. They like the security of their jobs and the benefits packages, and prefer to stay away from the risks of the start up industry. This wasn’t the case before the economic downturn.
So what message does it send to the start ups vying for talent out there? If you’re trying to make a top executive in a big company to leave his/her job to help you build your dream idea, you have to give them a great upside opportunity and intellectual stimulation. Finding the right compensation structure can be critical in building your team.