Salary levels are on the decline in almost all high-tech jobs in the Internet field, including senior management positions, according to a survey conducted by Manpower Israel.
Israeli High-tech salaries started to fade during last three months of 2000

By Haim Bior
Ha’aretz Labor Correspondent

Salary levels are on the decline in almost all high-tech jobs in the Internet field, including senior management positions, according to a survey conducted by MIT, a subsidiary of Manpower Israel.

The managing director of MIT, Yair Feldman, said that CEOs and vice presidents of high-tech firms earned monthly salaries of NIS 35,000-90,000 during the last quarter of the year, down from NIS 40,000-100,000 during the third quarter of 2000. (These figures represent gross pay, and do not include company car benefits, options and bonuses.)

According to Feldman, senior managers were paid NIS 25,000-35,000 during the fourth quarter of 2000, while top salaries for these positions reached NIS 40,000 during the previous quarter. Senior marketing and business development managers received salaries of NIS 30,000-40,000 during the last quarter of the year, compared to NIS 30,000-45,000 during the third quarter.

The top salary range for senior financial officers slipped from NIS 70,000 to NIS 60,000 during the last quarter of 2000, while the top range of salaries for IT managers dipped from NIS 40,000-NIS 35,000. The pay scale for senior R&D managers remained constant during the last two quarters of the year at NIS 30,000-50,000.

According to the MIT survey, project managers with experience of one to two years earned NIS 18,000 to 25,000 a month during the last quarter of 2000, compared to NIS 18,000-27,000 during the previous three months. Project managers with experience of three to five years received salaries of NIS 20,000-30,000 during the last three months of 2000, down from NIS 23,000-34,000 during the previous quarter.

Internet software engineers with experience of up to two years earned NIS 14,000-22,000 during the last quarter of the year, compared to NIS 17,000-25,000 during the third quarter. With three to five years experience, these positions paid NIS 18,000-25,000, down from NIS 21,000-32,000 during the third quarter.