HERZLIYA, Israel, May 30 (UPI) -- The Israeli hi-tech industry is healing after its 2004 slump, and the proof is the return of the group-resignation tactic at tech companies, analysts say.
Last week 11 employees of a Herzliya hi-tech firm, including a project manager and two team leaders, submitted their resignations almost simultaneously, according to a report in the Israeli business magazine TheMarker.
This negotiation strategy hasn't been seen in Israel since the 1999-2000 hi-tech boom, the magazine said.
"New workers today are more sure of themselves," Planning, Research and Economy Administration chief Benny Pfefferman told the magazine, adding that this confidence stems from the increase in employers who are hiring.
"A survey by the administration, which is part of the Industry, Trade and Employment Ministry, shows that 2005 marked a reversal in the ratio of employee-initiated departures versus employer-initiated departures," the report said.
"Last year, 59 percent of employees who left their jobs did so voluntarily, compared to 46 percent in 2004. They cited reasons including unchallenging work, unsatisfactory wages, poor relations with supervisors or colleagues and distance from home," the report continued.
This year is marked by a decline in unemployment, fewer layoffs and increased demand for workers, Manpower Israel Chief Executive Officer Dalia Narkis told the magazine.
She attributed these phenomena to the recovery of the hi-tech sector, calm on the Israeli security front and economic growth in the United States, according to the report.
