Over the past few months, there has been endless debate over the best way to attract workers, especially as companies are finding it harder to hire wo

Tech CEO Says Workers Get Too Much Pay and Benefits

submited by

Style Pass

2021-07-20 18:30:04

Over the past few months, there has been endless debate over the best way to attract workers, especially as companies are finding it harder to hire workers who quit or were laid off during the pandemic. Last week, AnyVision CEO Avi Golan, a former Google product director and operating partner at tech investing giant SoftBank, threw his hat in the ring and took to Linkedin to issue a desperate call for fellow CEOs to "#stopthemadness."

The problem, Golan explained, was that tech companies are offering wages and benefits that were too generous and, he claimed, would hurt employees in the long run.

"I'm calling all Israeli CEOs specifically in hi-tech to stop the hiring madness before the bubble explodes," Golan wrote. "This new generation of young engineers needs proper guidance, and we need to be responsible to teach them career fundamentals. Many of my CEO colleagues [are] already looking or exploring to outsource dev services abroad. We are hurting our young generation as well as our own market and country by the fact we keep raising salaries and offering crazy illogical benefits."

Israel-based Anyvision’s previous largest stint in the public eye came when Microsoft pulled its investments from the company last year after reports (which AnyVision denied) that the company’s AI was used to surveil Palestinians in the West Bank. AnyVision did not immediately respond to Motherboard’s request for comment.