Singapore Tech Salaries Rise at Slower Pace as Industry Cools
- Software engineers’ pay trails rent hikes in city state
- Tech companies including Sea have slashed thousands of jobs
People walk along the Marina Bay Sands boardwalk in Singapore.
Photographer: Edwin Koo/BloombergThis article is for subscribers only.
Salaries for software engineers in Singapore rose by an average of 7.6% last year, with pay increases falling short of rent hikes after technology companies worldwide slashed jobs.
Even as the increase slowed from a 22% surge a year earlier, the city-state’s tech salaries stand out among countries in South and Southeast Asia, according to a report published Tuesday by hiring service NodeFlair and startup accelerator Iterative. Software engineers in Singapore command thousands of dollars more each month than their counterparts in nearby countries.