Economy

Strong Shekel Makes Israeli Developers Pricier Than US Peers

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Strong Shekel Makes Israeli Developers Pricier Than US Peers

A new Israel Growth Forum study published at 00:53 IDT found Israeli developers now cost 8.2% more to employ than comparable U.S. developers, after the shekel's rapid appreciation against the dollar. The study sampled seven growth companies with more than 10,000 workers, showing a 17%-22% rise in dollar-denominated Israeli employment costs over the past year, and an NIS 3.21-per-dollar break-even point. The study also says Israeli tech workers are 2.4 times costlier than peers in Poland, Lithuania, Romania and Ukraine. A strong shekel reflects Israeli resilience, but policy should keep high-value R&D and observant, secular and immigrant talent anchored at home.

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