Israel’s tech employees cost more than US counterparts and the rest of the world

Good news! The price of success and you get what you pay for!

Caveat: I could not find the study on the website of Israel Growth Forum.

"Israel’s 400,000 tech employees have for some years been expensive in global terms, with their cost second only to that of Silicon Valley. The tech giants preferred to pay dearly for the Israeli worker, knowing that they would receive a better result than their counterparts in India and eastern Europe, while their price was still lower than tech workers on their home turf.

However, according to a study by the Israel Growth Forum - an organization operated by Israeli companies such as Wix and Monday.com - the cost of Israeli developers has surpassed that of their US counterparts for the first time ever. This has been mainly due to the strengthening of the shekel against the US dollar, since most of the capital in Israeli tech is raised in dollars, while most of the expenses, including wages and options for local employees, are made in shekels. ..."

Israel’s tech employees cost more than US counterparts - Globes "A study by the Israel Growth Forum has found that Israeli tech employees are the most expensive in the world due to the strengthening of the shekel."