Human Resources Online
February 14, 2022
In the last twelve months, the average salaries for software engineers in Singapore reached an all-time high following an increase of up to 32%, the new Tech Talent Compensation report 2021/2022 has revealed.
For example, the report, published today (Monday, 14 February 2022) by NodeFlair and Quest Ventures, noted that the median base salary compensation stands at S$4,750 for a junior software engineer; S$6,500 and S$7,500 respectively for mid-level and senior software engineers, and S$9,000 for lead levels.
Meanwhile, at the 90th percentile, the median base salary can be as much as three times more than those in the 10th percentile, the report found. For instance, junior software engineers at the 90th percentile have gone up to S$7,500; mid-level and senior software engineers can command S$9,500 and S$11,500 respectively, and lead software engineers can command a base salary of S$15,950.
Per the report, this rise in tech salaries is "not slowing down anytime soon", as more talents place importance on salary packages a top reason when looking for new opportunities.
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In addition to the above, the report showcased the top 15 most-searched companies among Singapore tech talent, and analysed how well these companies paid software engineers vs the market rate.
Per the report, nine out of 15 (60%) of these companies paid the talents more than, or equal to, 25% above the market's median. Overall, most paid more than, or equal to, 12% above the market's media.
These companies are:
