Israel announces emergency stimulus program to boost employment in tech and industry
The NIS 60 million program aims to quickly train 3,000 job seekers for R&D positions and R&D support roles
The emergency program is a response to the severe employment crisis brought about by the coronavirus pandemic. It will incentivize training and recruitment for various specializations within the tech sector and will allow employers to swiftly recruit qualified candidates, not only in the high-tech sector but also across the Israeli industry.
The new program will encourage flexible training and recruitment procedures: offering courses that are fully, or partially held online, training and placement in conjunction with employers or directly through employers, joint training and placement programs involving several employers, hiring graduates of training programs as salaried employees or as freelancers, and placement in a range of core R&D and R&D support positions
The program will focus on scalable training programs, which can be rapidly implemented and expanded, and preference will be given to employers who participate directly, as well as to graduates of on-the-job training programs who undertake internships with employers. The value of the grants will range from NIS 25,000 to NIS 45,000 ($7,300 - $13,100) per employee, in accordance with the employee’s profession.
“The program will offer immediate support for thousands of job-seekers in various technological professions. This is just the first part of our fight to reduce unemployment, and we will promote further professional training schemes to reintegrate many more people into the job market. I am working to strengthen Israel’s economy in the short term, and to prepare further policies which will ensure economic prosperity and growth in the future,” said Finance Minister Israel Katz.