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How do you know that high-tech is in crisis? According to the amount of gifts for Passover - voila! Of money


While in some sectors the value of gifts is increasing, two industries are suffering from a decrease in the amount of gifts for the holiday this year: high-tech and restaurants. How much do you get and where? Here are all the numbers and explanations

They say he was happy here.

The high-tech industry is in crisis (Photo: ShutterStock)

A mixed trend of increase and decrease in the value of the gifts that the employees in the non-unionized companies will receive this year for the holiday of Passover - this is according to a review of the Okats Systems company.

According to the company's figures, which have been published every year for about a decade, the highest value of the shekel will be distributed this year to employees in the beauty care and spa industry, which is 680 shekels on average.

The employees employed in the financial industry will receive a gift worth an average of 600 shekels this coming Passover, a figure that reflects a 9% increase from what was done last year.

A minor increase of a few percentages was recorded among the accounting offices: the employees in the branch will receive a bonus of NIS 350, so will the employees in the law offices.

As for the garage workers and the food industry - in these industries a gift worth NIS 230 will be given this year.

Along with this, in both the guarding companies and the nursing companies, there was a 13% increase and the employees will receive NIS this year in the amount of NIS 170 and NIS 180 respectively.

In addition to the aforementioned, a considerable decrease is recorded in two branches.

High tech

The crisis affecting the high-tech world has forced many companies to tighten their belts and carry out processes of streamlining and cutting expenses, including that of the welfare budgets, which include, among other things, the gift budgets they distribute to employees.

According to the data of Okets Systems, which provides computerized solutions in the field of human resources, the value of the average gift that will be distributed this coming Passover to high-tech employees is NIS 450, a figure that reflects an 18% decrease from the value of the gift that was distributed to them last year.

The big minuses - in high-tech and in restaurants (photo: Oketz Systems)

Last year, 11.9% of companies gave their employees a gift worth over NIS 600, while this year, there was a 61% decrease in their number.

The data shows that this year 10.2% of employers in the industry will give employees a gift worth between NIS 451-500, while last year, their rate was 15.3% - a decrease of 33%.

The decrease in the value of the gift, as mentioned, is derived from the decrease in the amount allocated this year by the companies to the budget of the welfare departments.

According to the data, the average budget for an employee in high-tech companies in Israel was NIS 3,200 in 2022 {without a dedicated vacation budget}, while in 2023, it dropped to NIS 2,900 - a figure that reflects a decrease of 9%.

There was also a decrease among biotech companies: in 2022 the welfare budget per employee was 2,750 shekels and in 2023 - 2,450 shekels - a decrease of 11%.


According to the survey data, in 2022 the value of the gift distributed to the employees was NIS 270 on average, but this year, its value plunged to only NIS 200, a figure that reflects a decrease of 26%.

What upheaval is the industry experiencing, which is reflected in the said figure?

First of all, save on luxuries.

Haim Molcho (Photo: Yehats)

"The restaurant industry is directly affected by the public mood, and is subject to shocks and changes in the public's motivation to spend money on luxuries," notes Haim Molcho, CEO of Okets Systems, a company that provides computerized solutions in the field of human resources

. With the chairman of the restaurant association, in which he reported a drastic decrease of 30% in the scope of the business turnover of the restaurants in Israel.

"You have to understand, the social situation today is not good for business in general, and it is certainly bad for businesses of our kind, which are built on mood and atmosphere, when there is no atmosphere and no mood, you don't go to restaurants," noted Shay Berman, and Molcho adds: "Unlike, for example, the high-tech industry, where the welfare budget It was decided at the beginning of the year, in the restaurant industry the decision regarding the value of the gift is decided close to the holiday, based on the business results - which unfortunately does not bode well."


This is the situation and there is nothing to be done.

Attorney Shlomo Yaakovovich (Photo: Mor Badihi)

Attorney Shlomo Yaakovovich, an expert in labor law, who represents quite a few employers in the economy: "For those of the employees who express disappointment over the decrease in the value of the gift this year - they should remember that there is no law that obliges the employer to give the employee a gift for the holiday and as a general rule, the decision whether to give a gift and what kind of gift, given to him only, except when it comes to a workplace where an expansion order or a collective agreement applies.

In fact, even if there is a practice of giving a gift, the employer has the right to cancel or change it, subject to changes in the business situation, and in any case, it is not a question of worsening working conditions that allows the employee to resign and receive compensation.

Also, the reality shows that there are companies that give different amounts of money to employees, according to different criteria.

This is a legitimate and legal move, provided that it is not a discriminatory clause, such as giving gifts to men or women only."

  • Of money

  • news


  • gifts

  • High tech

  • Passover

  • Gift for the holiday

  • Holiday gifts

Source: walla

All business articles on 2023-03-20

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Life/Entertain 2022-12-25T09:07:14.133Z

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