grew 7.6 per cent last year to an all-time high following sizzling 22 per cent growth in 2021, said a report by tech talent platform NodeFlair and technology accelerator Iterative released on Tuesday .
The NodeFlair report said that of the top 15 tech companies that job seekers searched for, six of them pay their employees at least 20 per cent more than the market median, while most others pay at least 10 per cent more. For example, roles such as quality assurance technicians and system engineers have seen a slight fall in salaries, according to the report.
He concurs with other experts that wages in the tech sector are likely to grow this year, albeit at a slower pace than in 2022. Agreeing, OCBC chief economist Selena Ling said:"There may be a bit of indigestion going on for some big tech companies mainly due to the drop off in consumer demand, but there remains healthy demand for tech talent from non-tech firms."
She added that even if tech talents that have been laid off accept lower wages, they will likely only do so for the time being.
Source: News Formal (newsformal.com)
Doesn't make sense, lesser jobs but higher salaries 🤔
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