NodeFlair Reveals AI Talent Demand Spikes: Salaries Soar 11.3% Amid Tech Downturn
- Written by NodeFlair
Job Seeker Priorities Shift: Stability Ranks Higher as Tech Talent Favors Financial Security Over Perks
Key findings from the report include:
- Software Engineer Salaries Dip 0.99%: While recent years saw substantial growth, tech salaries have declined overall due to Southeast Asia's tech funding hitting a five-year low in 2023. Nevertheless, salaries still surpass those from two years prior, signalling a shift towards a more equitable compensation framework. [4]
- Huge Pay Gap: Among software engineers, the salary discrepancy between the 10th and 90th percentiles can extend up to 3 times.
- Blockchain to AI: tech's pivot for innovation: Blockchain engineer salaries fell by 5.41% amidst industry turbulence sparked by FTX's collapse and Binance's CZ Zhao's legal issues. Data scientists, however, saw an 11.30% increase due to rising interest in Generative AI. Cybersecurity Engineers also experienced an 8.24% rise in salaries.
- Job seekers increasingly prioritise stability and higher salaries over perks: 10 of the top 15 searched companies now pay 20% above the market median, up from 6 out of 15 last year. Talents are becoming more willing to overlook imperfect company cultures if their salary meets expectations. Last year, 13 out of 15 companies surpassed a median Glassdoor rating, but now only 9 out of 15 maintain this level.This shift indicates a broader change in career priorities towards practical financial considerations.
- Regional Talent Distribution: Mid-senior talent percentages are higher in Singapore (62.7%) and India (79.3%) compared to Vietnam (36.9%) and Indonesia (49.6%).
A copy of the report can be downloaded here[5].
https://nodeflair.com/[6]https://www.linkedin.com/company/nodeflair/[7]
Hashtag: #nodeflair
The issuer is solely responsible for the content of this announcement.
NodeFlair
08 Apr 2024
References
- ^ CONTACT US (www.media-outreach.com)
- ^ Media OutReach Newswire (www.media-outreach.com)
- ^ Asia Tech Salary Report 2024 (nodeflair.com)
- ^ those from two years prior (nodeflair.com)
- ^ here (nodeflair.com)
- ^ https://nodeflair.com/ (nodeflair.com)
- ^ https://www.linkedin.com/company/nodeflair/ (www.linkedin.com)
- ^ https://nodeflair.com (nodeflair.com)
Authors: NodeFlair
Read more https://www.media-outreach.com/news/singapore/2024/04/08/290236/