What is a competitive Singapore IT salary in 2020?

Interested in knowing what your IT salary could be or what you should be paying your IT staff? The Robert Half Salary Guide offers the most up-to-date salaries and latest remuneration trends for technology jobs in Singapore.

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ACCOUNTING AND FINANCE

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IT salary trends

Demand for Singaporean technology professionals continues to grow, driven largely by financial employers as they ramp up and modernise their digital capabilities. Candidates need to be agile and proactive in building their skillsets to encompass a wide range of technical and soft skills, to succeed in an industry prone to rapid change and increasing regulation.

Here are three key areas impacting Singapore IT salary trends:

1
Attracting a new digital audience - Banks in Singapore are increasingly moving away from their traditional ‘brick-and-mortar’ image and repositioning themselves as digital service providers, to appeal to both millennial consumers and potential IT talent.
2
Banking on security concerns - Demand for cyber-security talent continues in light of recent data breaches in finance and commerce, which have cost businesses a record S$1.28 million in Personal Data Protection Act (PDPA) fines.
3
Role consolidation and global skillsets - Amid concerns about global market volatility and increasing costs of operations in Singapore, more organisations are consolidating roles - driving demand for candidates who can steer initiatives at a regional strategic level, yet at the same time add value within Singapore.

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