Communications of the ACM
Singapore Tech Salaries Jump 22% in Chase for Skilled Coders
About 80% of software job listings across Singapore call for experienced engineers.
A report by Singapore technology career site NodeFlair and Quest Ventures found that salaries for software engineers in Singapore rose an average 22% last year. Specialist roles like lead software programmers saw average pay raises of up to 32%, according to the Tech Talent Compensation report, which says competition for talent is driving salaries higher.
Also causing salaries to spike were rising living costs in Singapore, while stricter worker visas complicated the search for less-senior foreign professionals.
Yu Liuqing at the Economist Intelligence Unit said this tightening will likely compound staffing shortages, adding that smaller firms and local startups may be unable to sustain aggressive salary hikes for junior positions.
From Bloomberg
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