March 10, 2023
These sentiments were echoed by Mr Adrian Goh, co-founder of tech talent platform Nodeflair, who noted that many companies hired aggressively and dished out competing offers from 2021 to 2022.
Salaries of software engineers in Singapore reached an all-time high in 2022, rising 7.6 per cent year-on-year, according to a report compiled by Nodeflair and technology accelerator Iterative.
The median salary ranged from S$5,000 for a junior software engineer with up to two years of experience to S$9,000 for a lead software engineer who manages a small team in technical areas.
But in the past few months, more companies have conducted layoffs and become “more strategic” about expansion plans, he noted.
“This means that generally, talents have less leverage when it comes to negotiating for a better salary, regardless of whether it is at their current company, or a new offer,” he said.