Singapore remains the gateway to businesses in Southeast Asia due to its sound infrastructure, continuing to attract multinational corporations in the Commerce and IT industries. The IT sector is considered one of the most competitive arenas in the Singapore marketplace.
Salary ranges in this function are constantly changing, which is why staying ahead of the curve and knowing what is coming next is critical to career success. With more companies looking towards increasing business efficiencies, technology is earmarked for additional growth causing an influx in IT job openings.
According to the recently launched, Singapore IT Salary Guide for 2015/16 by ZW HR Consulting, there is a shortage of workers in the IT industry who hold both technical and business skills. In a candidate favoured market, largely driven by the over saturation of IT firms and positions this has posed many new challenges in attracting the best talent for the right position.
This comprehensive guide aims to provide employers and jobseekers alike with a comparative overview of IT salaries in Singapore. The salary ranges signify actual transactions between employers and employees, therefore best reflecting the Singapore marketplace.
See: Singapore HR Compliance Guide: Key Facts and Figures for 2015
Employers now scramble to find top talent who meet their ever increasing requirements – again searching for those professionals with specific technical and business capabilities.”The year 2015 is likely to turn out to be a reasonably good period for IT professionals,” says Mervin Chui, Managing Director of ZW HR Consulting Singapore.
“The average salary ranges for professionals are up by 10% – 15% for 2015/16 as compared to the 2014/15 figures; hiring is still strong in many areas such as mobile applications, data analytics, business intelligence and cloud computing. Cyber Security professionals and Application Developers are in demand due to increasing regulations and customers concern for data protection,” Chui added.
Companies in Singapore will have to look at options besides simply increasing remuneration if they wish to attract and retain the best talent. Work-life balance and employee engagement policies are equally important and will need to be leveraged effectively in order to keep Singapore-based organisations competitive on a global scale.
The IT professionals/skills who are likely to be in demand in 2015/16 are – Software Developers, Mobile Application Developers, Database Administrators, Cloud Computing, Information Security/ Cyber Security, Network Engineers, Helpdesk/ Technical Support, Project Managers, Web Designers/Developers and Big Data.
Yvonne Tang, Director for IT Practice at ZW HR Consulting, believes IT professionals have a huge advantage right now. “Against the backdrop of a talent scarcity across Singapore, experienced skilled professionals can expect to see salary hikes. Technology drives so many aspects of a modern business – from sales growth to productivity improvements – employers will need to consider increasing salaries to keep pace with inflation in order to retain their high-calibre workforce.”
Source: benzinga.com
Also read: Future proofing the next generation of Singapore talent
