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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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