High-Tech Turnaround in First Quarter 2013
Whatever else ails the Israeli economy, a strong sign of health was reported from the high tech sector by Globes on Wednesday—software and engineering skills are in demand.
The demand rose by 12% and 10%, respectively, in the first quarter of 2013, according to data from Etosia Human Resources.
Demand was highest in cloud, storage, analysis, video content distribution, information security, cyber, and mobile, which accounted for 18% of total demand for high-tech workers during the quarter.
Growth was recorded in the quarter in algorithms, especially for data mining, image processing, computer vision, and machine learning.
The report appears to signal the end of a slump. “The turnaround in demand for engineers and junior managers by the semiconductor industry was especially interesting,” said Etosia CEO Eyal Solomon. “In the past two years, demand for engineers and managers in this industry slumped, including by over 10% in 2012. This trend has reversed. The semiconductor industry, which has signed several big exits in the past two years, opened 2013 with a 9% jump in demand for workers, compared with the fourth quarter of 2012.”
Big companies were the engine of growth with Marvell Technology Group and Broadcom leading the way. They’re expanding their development centers in Israel, and are on the lookout for hardware development and embed software engineers .
Demand for mobile development workers was up 5% in the first quarter, compared with the preceding quarter, demand for software engineers was up 3%, and demand for quality control engineers was up 1%. Project managers were the only skill with a drop in demand, of 2%.
Salaries lagged in the first quarter, rising 1%-2%, depending on the category. The gross salary of a processor tester with four years experience was 22,000 shekels, and an RF engineer with four years experience was up to 21,000. Mobile developers and clinical and regulation employees enjoyed an average pay hike of 2.5% in the first quarter.
“The average time to fill a position in high tech during the first quarter was six weeks, and the voluntary departure rate was 3%,” said Solomon. The average salary in high tech rose by 1.6%.
This article appeared in print on page 6 of edition of Hamodia.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.
