“You look at the resume and you see that candidates jumped between four and five jobs in five years because they were offered salaries and benefits. Today there is an employee in my company because I offered him more than 20% and tomorrow he works at another company because they offered him Playstation5 or other benefits.” AnyVision CEO, Avi Golan, told Globus. The Golan became a much talked about figure this week in the Israeli tech sector after a LinkedIn post titled #stopthemadness. In the post, Golan called on fellow CEOs, especially in the tech sector, to stop what he called “the hiring frenzy” before the bubble bursts. In the post-Golan era, it is alleged that high salaries and “unreasonable benefits” are detrimental to the younger generation of engineers, who do not learn the basics of building a career, which will eventually lead to offshoring of development jobs. The publication received a lot of support as well as criticism. Critics claim Golan is inviting CEOs to create an illegal association in order to cut spiraling salaries in the tech sector. Another criticism heard is that AnyVision, which just last week announced the completion of a $235 million funding round led by SoftBank, has enough money to pay the engineers the company fired at the start of the Covid-19 pandemic (before Golan became CEO). )) is not in a position to complain. In his first interview since this position, speaking from San Francisco, Golan attempts to answer his critics. He said, “It doesn’t make sense and cannot continue like this because in practice it takes an average of 18 months for an employee to provide value to the company. Candidates come to us and I see the resume with all the job changes and ask why didn’t you stay and where is the awareness about maintaining Company values and building? We have to think of ways to explain to the younger generation that there are more important things than salary and benefits.” About his decision to publish the post, Golan said: “In my conversations with my colleagues and venture capital investors, I realized that they are all preoccupied with the problem but no one wants to talk about it. The problem is not salary but rather that the competitive market affects employees who move from one job to another and in fact not They develop their career.You need 15,000 man hours to achieve a specialization in a field and if you don’t get there, your abilities will remain superficial.I remember the situation we were in two weeks before we received the investment and there were employees focused on looking for other jobs, not because they don’t believe in the company , but because they were offered jobs in other companies with a higher salary.” Related Articles Artificial-intelligence facial recognition company AnyVision raises $235 million Tel Aviv battle of billboards Non-technologists lead Israeli tech industry Salary boom Israel’s tech industry The chip industry in Israel will eventually need you to hire workers in India or Eastern Europe. A difficult task for high-tech companies but this year it has become even more difficult. The record-breaking capital raised by Israeli startups has pumped huge sums of money into the market and the companies are trying to beat their competitors in bringing products to market. This creates a thirst for developers and engineers, who are a chronically in short supply in Israel. All of this created a reality, described by some as working in the Wild West, with employees, especially in coveted fields like artificial intelligence and cybersecurity, receiving offers all the time and forcing employers to raise their salaries and offering benefits like signing fees for tens and even hundreds of thousands of DS of shekel. Golan, who has lived for 20 years in Silicon Valley, claims that in California they have largely woken up from fierce competition for talented employees. “When Google, Facebook, Twitter, and Microsoft were hiring many employees, small businesses also raised salaries and benefits, but that stopped when they realized they were hiring the wrong talent, who was jumping from job to job because of the salary, and that wasn’t the quality they were looking for. What scares me is all this hopping and hopping. When you tempt an employee with a high salary, you’re not doing him any favors either.” Golan’s LinkedIn post, which sparked a storm, can certainly be understood as a call for employers to work together against a salary increase. But Golan denies that this was his original goal. “I wasn’t coming from there. This distorts what I wanted to write. It was not a call to form an association but rather an attempt to figure out how to solve the problem of lack of resources. If you give more money, then someone after you will raise more money and give more. This will reach the limit.” Eventually companies will hire employees in India or Eastern Europe.” So what can industry CEOs actually do? “I don’t have any major solution but we have to understand that there is a big problem here and that we need to recruit brains in Israel to see how it can be solved. There are all kinds of solutions. For example, when we were at Google, we were communicating with students who were in the second year From the study, we offer them a job and support them throughout the process.The big tech companies in the US have identified specific roles in industries where there are shortages, such as data analytics, and they’ve talked to universities about opening special courses.If we don’t develop that and build capacity, these will explode. The bubble at the end.” It’s hard to hire after you’ve been fired. The timing of Golan’s job is somewhat of a surprise, coming just days after the company, which develops facial recognition systems for commercial and defense uses, raised $235 million led by SoftBank. While Golan talks about a bubble in the tech job market, others claim that startups like the company he leads are benefiting from the investment bubble, which is flooding it with more money than ever before. And with so much money in the fund, what’s the problem with hiring staff? “I don’t think there is a bubble in investments,” Golan said. “Coronavirus has created a need for technology and we see very successful tech companies, not only in terms of public offerings but also in terms of market size and customers. What a bubble is the job market in Israel. I have received the investment and I can do it, and I will do what other companies are doing, Which is to offer attractive salaries to find talented employees because I work in a competitive market. Do we have any other choice? But if we do not move forward on certain things and only raise salaries, then we will face the same problem over and over again. I have noticed the situation because many of my colleagues are talking but not They do. At the beginning of the coronavirus, anyVision laid off dozens of employees, now it’s hard for you to hire.” That was a while ago and the company went through very difficult processes that damaged the market and required harsh measures. There are a number of employees who have already come back from their previous layoffs from anyVision and today we are hiring with a sense of family and conversation going forward. Getting fired isn’t fun and it’s always hard to hire them after getting fired and it’s a stigma that you carry with you but the coronavirus has also not been an easy time for many other companies. You are involved in the controversial field of facial recognition. Maybe that makes it difficult for you to hire? not at all. Those who know our field understand. We are one of the most technological companies in the world of artificial intelligence and computer vision and many engineers want to partner with us. We haven’t had any problems with recruitment apart from that we are looking for talent that is hard to find.” Published by Globes, Israel business news – en.globes.co.il – on July 15, 2021 © Copyright Globes Publisher Itonut ( 1983) Ltd. 2021
The CEO of an Israeli company says ‘stop the salary insanity’
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