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Tech salary growth proving a mixed bag
This article is part of the CW Asia-Pacific issue of March 2021
The Covid-19 pandemic has increased the overall demand for IT talent across the Asia-Pacific region as organisations double up on digital transformation to tap new business opportunities. This has pushed up IT wages to as high as $300,000 per annum last year for those in managerial positions including CIOs and chief technology officers, while the median salaries across all job functions and seniority levels stood at $46,750. Those were some of the key findings from the latest Computer Weekly/TechTarget IT salary survey, where 40% of APAC respondents reported getting an increment while 27.4% were given a bonus last year. About 13% enjoyed a bigger renumeration package that included stock options, while 9.1% took a pay cut. Given the tight IT labour market, about four in 10 IT professionals were open to new job opportunities even though they were not actively seeking a new role. The buoyant job prospects were reflected in the optimism around salary increments this year. According to the survey, nearly half (48.9%) of APAC ...
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Features in this issue
APAC career guide: How to become a DevOps engineer
A DevOps career can be highly rewarding, as long as you are open to learning new things and collaborating with team mates to solve problems in software development
Inside Grab’s DevOps practices
A senior software engineer at Grab offers a peek into the DevOps practices at one of Southeast Asia’s technology unicorns
Tech salary growth in APAC a mixed bag
The growing demand for IT pros to support digital transformation projects has not translated to higher salaries across the board, survey finds