Singapore’s tech industry is witnessing a mixed salary trend in 2024, according to the latest report from NodeFlair, Asia’s leading tech career platform.
Software engineers in Singapore have seen a 3.3% year-on-year increase in their salaries, reversing last year’s 1.0% decline. However, despite the growing popularity of artificial intelligence (AI), salaries for AI-related roles, particularly in data, have decreased by 1.2% to 2.4%.
The report highlights that the tech sector’s ongoing redundancies have impacted salaries across various job categories. Out of 16 job categories, seven have experienced salary declines, with cybersecurity roles being the most affected, showing a 4.6% year-on-year dip. This trend is a stark contrast to the previous year’s 11.3% growth in AI-related salaries.
