Tech pay rise in SG slows


March 14, 2023

Original Source

Salaries for software engineers in Singapore rose by 7.6 percent in 2022, slower than the 21 percent jump in 2021, according to an annual tech salary report by hiring platform NodeFlair. Still, the pay in the city-state far surpassed other countries in South and Southeast Asia. The median salary for software managers in Singapore was almost seven times higher than that in India, the report finds. However, the hiring landscape is changing, with sky-high pays for tech workers likely taper off amid global economic slowdown. Demand for talent is likely to shift as companies deal with the rise of artificial intelligence.