Hi-Tech Bosses: 2010 a Turnaround Year

Could the recession really be over? According to Israeli placement company Etosia, 75% of managers in the hi-tech sector see hiring during 2010 set to grow by at least 20% – with half seeing hiring grow by as much as 30%, or even more. In addition, 46% see salaries in the hi-tech sector growing next year. The poll of 80 directors and top managers in Israeli hi-tech companies was conducted over the past several weeks, with companies of all sizes polled – from those with fewer than 10 employees, to companies with over 500.

Quoting Eyal Solomons, director of Etosia, Globes (in this Hebrew article) said that according to the poll, the hot areas in hi-tech next year – in order of “hotness” – will be software development, sales and marketing, hardware development, and product engineering and development. “Already now we can see a sharp rise in the number of open positions. Since the beginning of the year, demand for workers has gone up 40%.” Salaries, he said, are now more stable as well, since there is more demand.

Perhaps the best result coming out of the poll is that 81% of the bosses believe that the world economy will improve next year. Why is that “the best?” Because Israel’s hi-tech markets are overseas – in the U.S. and Europe, as well as the Far East. Companies wouldn’t be looking to hire if they didn’t think sales were going to rise as well – in the U.S. and Europe. While sales to China are already up, China is still far smaller a customer of Israel’s than the U.S. (first place) and Europe (second).

After being battered for the past couple of years, hi-tech companies have been very conservative in hiring – so the fact that they’re going out on a limb and proclaiming their desire to hire means that change really is in the air. Let’s hope that these guys are right!

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