BREAKING NEWS

Global hi-tech firm opens new office in Jerusalem with haredi staff

AUGUST 2, 2015 17:33

Increasing haredi employment and integration into the work force has been identified as a critical requirement for Israel’s economy in recent years, including by Bank of Israel chief Karnit Flug just two months ago.

But of late, an emphasis has also been placed on not only increasing ultra-Orthodox participation in the workforce but also on providing haredi workers with a path away from entry-level positions to mid and high level jobs in order to maximize the potential of the sector, increase its earning potential and develop a haredi middle class.

In a further step towards advancing these goals, a US based hi-tech company that develops software for the global financial services industry opened a new office in Jerusalem on Sunday with eight of its ten employees coming from the haredi sector.

When considering its options for opening a branch of the firm in Israel, AxiomSL contacted the Ministry of the Economy for its input. The ministry, which has a dedicated program for employment training and placement for haredi men and women called Kivun, advanced the idea of bringing in employees from the haredi sector and the company agreed to the proposal.

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