Some important about tech componies.
Singapore.
Key points.
- Tech salaries in singapore mostly jumped in 2022, with blockchain , mobile and site reliability and highest increase
- This comes amid tech layoff and a hiring slowdown due to economic uncertainty.
- “Forecasts for 2023 in the tech talent recruitment market should show continued demand for tech talent, albeit at a slower pace compared to recent years,” said the 2023 Tech Payroll Report.
Salaries for Singapore tech companies mostly increased in 2022 despite a wave of tech layoffs and a slowdown in hiring, according to a new report.
“The outlook for 2023 in the recruitment and tech talent market is expected to show continued demand for tech talent, albeit at a slower pace compared to recent years,” said a report from technology salary aggregator Nodeflair and the company’s venture capital, Iterative.
The roles with the highest year-over-year salary increases are blockchain engineers (+15.62%), mobile engineers (+11.73%) and site reliability engineers (+10.63%), according to the findings of the 2023 Tech Salary Report.
Salaries for software engineers in Singapore are also at a record high, having increased by an average of 7.6% in 2022.
Systems engineering saw wages decline 2.01% yoy, while salaries for cybersecurity engineering jobs fell 1.67% yoy. QA salaries also decreased by 0.95% compared to the previous year.
“The growth in salaries is unlikely to reach double digits, reflecting a more stable and balanced market,” the report said.
Across Asia, software engineers based in Singapore earned the highest — between an average of $3,703 for junior positions to $10,183 for managerial positions. Taiwan and Malaysia were the second and third highest-paying countries respectively.
The report took into account over 169,000 data points collected from companies of all sizes and industries in NodeFlair’s proprietary database.
These data points include pay slips and offer letters submitted by users, as well as job advertisements from job portals in 2022.