Salaries for software engineers in Singapore increased by an average of 22% last year, highlighting the need for qualified talent to sustain the city-state’s burgeoning tech ecosystem, according to a report published this month.
Some experienced roles, like lead software engineers, commanded average increases up to 32% during the period, NodeFlair and Quest Ventures found.
The competition for highly qualified engineers has produced a wide variance in pay, according to the researchers, who verified payslips and offer letters as part of procuring their figures. The highest-paid roles came with compensation as much as three times higher than more junior positions. Sea Ltd.’s Shopee, ByteDance Inc. and Grab Holdings Ltd. were among the most searched-for employers in the tech sector, joined by big U.S. firms like Amazon.com Inc. and Visa Inc. as well as Google and Meta.