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Software engineers in Singapore saw their salaries rise 7.6% last year, but that still didn't beat rent

via:新浪科技     time:2023/3/7 22:05:27     readed:96

Sina science and technology news Beijing time on March 7 morning news, it is reported that the global technology industry in the past few months set off a wave of layoffs, practitioners life is not easy. However, software engineers in the Southeast Asian city-state of Singapore saw an average salary increase of 7.6 per cent last year, according to a recent report. However, the increase has not kept pace with the country's rent increases.

On Tuesday, Singapore-based staffing firm NodeFlair and Iterative, an incubator that Trades Iterative, released a report on wage levels for tech workers. According to the report, software engineers in Singapore saw a 22% month-on-month salary increase in 2021, while the increase slowed significantly in 2022. But for now, software engineers in Singapore still earn some of the highest salaries in South and Southeast Asia. Developers in Singapore can earn thousands of dollars more per month than in neighboring countries.

In recent years, Singapore has become home to the Asia-Pacific headquarters of some of the world's best-known technology companies, such as Meta and Google of the United States. At the same time, the country has attracted a growing number of high-growth tech start-ups.

The wealthy island nation has not been immune to the global tech slowdown, with many tech companies, including home-grown Internet giant Sea, cutting thousands of jobs to rein in operating costs.

There are a number of factors contributing to the rise in tech wages in Singapore, including the rising cost of living. Rents, for example, have risen sharply in Singapore in the past year, and are forecast to rise another 10 to 15 percent through 2023 due to tight supply.

In addition, the government has begun tightening work visas for overseas workers, making it increasingly difficult for some tech companies to recruit lower-level staff.

Bytedance, Singapore's Government Technology Agency and Shopee, the e-commerce arm of local Internet giant Sea, are among the most sought-after companies in Singapore's tech sector, according to the report, outperforming overseas companies such as Apple, Visa and Meta.

The median monthly salary for a "chief software engineer" position in Singapore was $6,666 last year, compared with $1,309 in Indonesia and $1,357 in India, according to the report.

It is reported that in terms of statistical data, the above report writers mainly confirm the salary slip data and the formal letter of employment promised salary level.

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