Singapore tech salaries to jump by up to nearly a third in coming years

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by Arno Maierbrugger - Jun 7, 2022 483

Technology-sector salaries in Singapore are set to soar in the next couple of years amid a hiring boom particularly in finance, according to Singapore media.

Recruitment agencies see pay rises of between 15 to 30 per cent in the next one to two years, up from about ten per cent to 15 per cent expected earlier, The Straits Times reported.

The expectations come amid a hiring boom as companies work on their digital transformation, the report said. Startups and Chinese tech firms expanding in Singapore are also competing for tech talent, the paper noted.

Data engineers, interface designers and developers in high demand

Salaries are seen rising by 25 to 30 per cent for data analysts, data engineers, back-end developers and user interface designers amid strong demand in those sectors.

In addition, every technology candidate in Singapore and other major economies is getting two or three job offers, the report added.

Monetary Authority of Singapore managing director Ravi Menon recently said there may be more than 9,400 new hiring opportunities for permanent roles in the financial sector in the city state this year, with more than 3,000 in the area of technology.

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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

Technology-sector salaries in Singapore are set to soar in the next couple of years amid a hiring boom particularly in finance, according to Singapore media. Recruitment agencies see pay rises of between 15 to 30 per cent in the next one to two years, up from about ten per cent to 15 per cent expected earlier, The Straits Times reported. The expectations come amid a hiring boom as companies work on their digital transformation, the report said. Startups and Chinese tech firms expanding in Singapore are also competing for tech talent, the paper noted. Data engineers, interface designers and developers...

Technology-sector salaries in Singapore are set to soar in the next couple of years amid a hiring boom particularly in finance, according to Singapore media.

Recruitment agencies see pay rises of between 15 to 30 per cent in the next one to two years, up from about ten per cent to 15 per cent expected earlier, The Straits Times reported.

The expectations come amid a hiring boom as companies work on their digital transformation, the report said. Startups and Chinese tech firms expanding in Singapore are also competing for tech talent, the paper noted.

Data engineers, interface designers and developers in high demand

Salaries are seen rising by 25 to 30 per cent for data analysts, data engineers, back-end developers and user interface designers amid strong demand in those sectors.

In addition, every technology candidate in Singapore and other major economies is getting two or three job offers, the report added.

Monetary Authority of Singapore managing director Ravi Menon recently said there may be more than 9,400 new hiring opportunities for permanent roles in the financial sector in the city state this year, with more than 3,000 in the area of technology.

Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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