Competition for tech talent in Singapore will continue to heat up this year, with firms raising salary offers as a bargaining chip.
Software engineers enjoyed the highest raises among various technical specializations surveyed in a new report by tech talent platform NodeFlair and venture capital firm Quest Ventures, with an average increase of 22 percent year-on-year in 2021.
The report analyzed more than 30,000 data points from NodeFlair’s database, including user-submitted salaries backed by documents such as pay slips and offer letters, as well as advertised salaries on job portals.
Salaries can vary widely even at the same level of seniority.
The report said the median monthly income of junior software engineers is about $4,750, while those at the 90th percentile can make about $7,500 a month.
The median for lead software engineers is about $9,000. This goes up to almost $16,000 at the 90th percentile.