Viola’s 2019 Benchmarks on attracting talent to Israeli and US Startups
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With Headcount still being the biggest challenge for tech companies, we set out on a mission to provide some benckmarks on recruiting for tech companies, with the help of the HR leads of Viola’s companies, ranging from small companies to ones with hundrands of employees. More at: viola-group.com/violanotes/
Viola’s 2019 Benchmarks on attracting talent to Israeli and US Startups
- 1. Confidential | 1 HR SURVEY 2019 Insights and benchmarks on attracting talent to Israeli and US Start-ups
- 2. Confidential | 2Confidential | 2 Survey Sample Companies by number of employees in Israel Companies with employees in the US Companies with employees other than in Israel and the US 30% 45% 25% 62% 38% Yes No 24% 76% No Yes 50 and less employees 50-100 employees Over 100 employees
- 3. Confidential | 3Confidential | 3 43% of companies suffer from a shortage of more than 10% of their required workforce Is there a shortage in Human Capital in Israel? Open positions in relation to total HC Don’t missing Less than 10% 10%-15% 15%-25% 14% 29% 48% 9%N o s h o r t a g e
- 4. Confidential | 4Confidential | 4 Average Time to Hire (Israel) General hiring process – 7 weeks Marketing 7.5 weeks R&D 8 weeks G&A 6 weeks
- 5. Confidential | 5Confidential | 5 Confidential | 5 55% have up to 4 steps in the hiring process 5% 50% 20% 25% 2 steps 3-4 steps 4-5 steps 5-8 steps Number of steps in the recruiting process
- 6. Confidential | 6Confidential | 6 Confidential | 6 Companies do not settle for candidates from a certain type of companies 65% 20% 10% 5% All kind Only from startups Only from multinationals OtherAll kinds What type of companies do new hires come from?
- 7. Confidential | 7Confidential | 7 Confidential | 7 Israel - Average of 4900 NIS US - Average of 2100 USD 44% 28% 22% 6% 3000-4000 NIS 4000-5000 NIS 8000+ NIS Weekend Voucher 40% 40% 10% 10% 1000-1500 USD 1500-3000 USD 3000+ USD Weekend Voucher Refer a Friend Cash Incentives
- 8. Confidential | 8Confidential | 8 Confidential | 8 Attrition & Turnover (Israel) Average Range Attrition Rate % (Voluntary termination) Turnover Rate % (all termination) 12% 0%-24% Average Range 17% 8%-32%
- 9. Confidential | 9 ABOU T Viola is Israel’s leading technology-oriented investment group with over $3B AUM, dedicated to building global category leaders. The group is comprised of 4 separate investment arms, focused on the different stages of the technology industry: Early stage, growth stage, debt & alternative lending and also a dedicated FinTech fund. Founded in 2000, Viola has backed over 200 technology companies, including some of Israel’s unicorns. As part of our efforts to support our portfolio companies and executives in their daily challenges, we leverage our extensive experience, know-how and BI database on Israel's tech ecosystem to create and share reports, industry maps, best practices and insights. Through our new website www.viola-group.com/careers – we help our companies’ human capital efforts by providing them with an additional platform to reach potential job candidates. The site aggregates open positions from across our portfolio and includes more than 500 positions in 15 locations globally. For more info, please visit our website at www.viola-group.com
- 10. Confidential | 10 Confidential | 10 THANK YOU! Would love to get your feedback: TimorS@viola-group.com Read Viola’s HR Survey 2019: Insights and benchmarks on attracting talent to Israeli and US startups