Tech salaries in Singapore at record high amid funding boom, limited talent supply

DealStreetAsia

Salaries of technology workers in Singapore rose by 22% in 2021 compared to the previous year on account of the venture capital funding boom, the presence of global tech companies in the city-state, and a limited talent pool.

The talent war has driven up salaries to an all-time high, according to a report published by tech jobs portal NodeFlair and venture capital firm Quest Ventures.

“Salary is identified as the largest push and pull factor, and the reason responsible for failed job placement,” Quest Ventures’ managing partner James Tan said in a statement.

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