Haaretz’s 100 Best Companies to Work for in Israel in 2022

How we ranked the highest 100 corporations to work for:

The rating, which was carried out for Haaretz’s TheMarker Journal by CofaceBDI, relies on opinion surveys of about 300,000 staff in Israel, in addition to employer knowledge from the 12 months ending December 2021.

The rating relies on a number of weighted units of information: inside worker surveys at greater than 100 corporations; a complete survey of human-resources administrators at main corporations; and figures offered by these corporations relating to their very own employment situations.

The rating represents a mixture of scores that staff gave their very own workplaces in addition to their opinions and perceptions of different corporations, primarily based on their solutions relating to the place they most popular to work. The survey was carried out over the course of the 12 months, and all through the nation, so as to keep away from bias and make sure the outcomes embody a variety of opinion. The ultimate outcomes are adjusted primarily based on the relative measurement of the businesses.

The rating methodology is primarily the results of firm worker surveys, which had been carried out at no cost. Only a few corporations disallowed their staff to take part within the survey: 98 of the 100 ranked corporations permitted their staff to take part.

In an effort to rank a very powerful office parameters for Israeli staff, a preliminary survey was carried out amongst a consultant pattern of staff (greater than 2,000). Researchers then carried out the total survey of roughly 300,000 staff, the outcomes of which had been weighted in line with that preliminary survey.

Excessive tech, excessive tech, excessive tech: That’s the message of this 12 months’s rating of one of the best locations to work in Israel. Tech corporations captured the record’s prime rungs, successful seven of the highest 10. All advised, 41 of the 100 corporations on the record are within the sector.

Excessive tech has been sizzling for years, and in massive measure it defines the job market in Israel. Both you’re a high-tech worker – otherwise you’re not. And in case you’re not, there’s a good probability you’re questioning why your pay is so low and the way a lot you’d be getting for that very same job in case you had been solely in a position to attain the Promised Land.

Israel’s enterprise press has lined the sector’s document highs, and the business has bitten again as nicely. However when the favored Israeli satirical tv present “Eretz Nehederet” (A Great Nation) addressed the topic, it was apparent {that a} broader cultural phenomenon right here had entered deep into the mainstream. The present’s skits had been entertaining, however corporations throughout a broad swath of sectors had been lower than amused, and have been racking their brains as to how they could stem worker defections to high-tech jobs the place situations are higher.

Locations much less distinguished than “Eretz Nehederet” – the Knesset, for instance – have additionally fueled curiosity in excessive tech. International Minister Yair Lapid has repeatedly expressed his formidable imaginative and prescient for 1,000,000 Israelis within the sector. And the federal government itself plans on including 170,000 new high-tech positions by 2026, as a part of a aim that prime tech make use of 15 p.c of the Israeli workforce.

As of January, 370,000 Israelis had been employed in excessive tech at a mean wage of 27,310 shekels ($8,000) per thirty days, the Central Bureau of Statistics reported. The typical wage in Israel as an entire was 11,784 shekels at that very same time.

Tech-ish

Microsoft Israel, whose picture has undergone an intensive makeover lately, has competed formidably for the nation’s prime expertise and took the rating’s prime spot for the third straight 12 months.

For its half, Salesforce, which debuted on the 2020 record, jumped 12 slots to third place in 2021. The U.S.-based software program agency, which trades on Wall Road at a worth of some $178 billion, has greater than 700 staff in Israel.

However the largest leap from the prior 12 months – from 92nd to fortieth – was achieved by Tipalti, which develops provider payment-automation options. The corporate raised $270 million in December at a complete firm valuation of $8.3 billion, and it has a worldwide workforce of practically 1,000 individuals, together with 350 in Israel.

The distinguished non-tech outliers within the prime 10 hail from the monetary sector – Direct Insurance coverage and Financial institution Hapoalim. Within the prior 12 months’s outcomes, Direct got here in second to Microsoft, but it surely slipped three spots in 2021 – and likewise slipped 3 p.c in its internet income for the 12 months. The highest 10 are rounded out by Israel’s largest government-owned firm, and one of many nation’s largest employers: the Israel Electrical Company. Apparently, some issues by no means change.

COVID-19 and Stability

The rankings are primarily based on surveys of a whole lot of hundreds of staff and on employer knowledge obtained over the course of 2021. Firms that didn’t take part within the survey are marked with an asterisk within the rankings: Google (at No. 13) and Intel (at No. 18). Their placement within the 11-20 vary attests to their persevering with potential to draw staff even regardless of their drop within the rankings.

Whereas the Israel Electrical Company managed place within the Prime Ten, two different public-sector corporations dropped like a stone. Israel Police plummeted 46 spots to No. 96, and the Ashdod Port sank 26 notches to No. 86.

One clear benefit of working within the public sector is stability and business calm, however these have evidently turn into much less vital points for staff. Within the 2020 rankings, staff confronted threats from the coronavirus pandemic and ranked employment stability as their third-most vital parameter. However concern of instability seems to have pale, as that criterion has since fallen to sixth place whereas self-fulfillment {and professional} challenges have once more risen to the fore.

The general public sector wants to determine how these points could be addressed, and the way these workplaces would possibly give staff higher flexibility, in the event that they want to entice staff and staunch the movement of senior workers individuals to non-public corporations.

In additional insights gleaned from the 2021 outcomes, the monetary sector noticed a pointy drop in rankings. For example Israel Credit score Playing cards, often known as Cal, slipped 18 spots to No. 41, and Financial institution Leumi and Phoenix Insurance coverage every fell by 15 slots, to No. 33 and 58, respectively. Nonetheless, Migdal and Clal Insurance coverage moved in the wrong way, respectively climbing 22 and 19 spots. Phoenix has a comparatively expert workforce, which makes the agency weak to shedding workers to higher-ranked high-tech corporations. 

Early efforts to deal with this stiff competitors could be seen in an April announcement by the Isracard credit-card firm, which stated it will present as much as 60 million shekels in inventory choices to its staff over a three-year interval. The agency, which returned to its pre-pandemic income ranges in 2021, slipped seven spots on this 12 months’s record, and it stays to be seen whether or not its choices provide will enhance the corporate’s attractiveness within the coming 12 months.