Tech talent war continues to intensify in Singapore as tech salary reaches all-time high, says NodeFlair

TechNode Global

The tech talent war continues to intensify in Singapore as companies compete with each other with jaw-dropping salary offers, said a report done by tech talent platform NodeFlair and venture capital firm Quest Ventures.

In the last twelve months, the average salaries for software engineers reached an all-time high after increasing by up to 32 percent, according to the Tech Talent Compensation  report that uncovers the tech talent salary black box and empowers tech talents and employers by analysing more than 30,000 data points from NodeFlair’s proprietary database, and in-depth interviews with founders and engineering leaders.

Quest Ventures Managing Partner James Tan also highlighted that salary is identified as the largest push and pull factor, and the reason responsible for failed job placement.

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