Tech employees expect 20% salary hike when switching jobs: report

On average, they can earn as much as $22,000 monthly.

Employees in technology-related roles expect a salary increase of up to 20% when switching jobs in similar industries, a report by recruitment company Michael Page revealed. Meanwhile, employees in digital-related roles expect an increase of between 10 to 15% when switching jobs.

The report noted that there is a huge demand for IT security roles, as well as digital transformation-led technical roles. “Digital transformation is the ongoing focus, but cybersecurity prefaces many organisations’ ability to improve operational technology,” the release read.

Similarly, companies seek local talents who can fill roles related to specialised ecommerce, digital marketing and data science, but face a shortage of supply.

Companies are also reportedly seeking leaders who can drive digital strategy while anticipating technology disruptors.

“Brands don’t expect that new hires will have all the right skill sets on day one – but they look for those willing and able to adapt and learn,” says Shinjika Shukla, associate director for Technology Practice at Michael Page Singapore. “This means a learning-based mindset, and overarching logic-based and problem solving skills. In a fast-changing market, those with the passion and curiosity to evolve will be those who land the best roles.”

IT security leads, data scientists, digital transformation-led roles, and software developers and lead automation experts were the most in-demand roles in the technology industry. Michael Page found that on average tech employees earn between $10,000 monthly (senior engineer, development, and architecture) up to $22,000 monthly (chief technological officer).

In the digital industry, the most in-demand roles include digital marketing manager, performance marketing manager, digital content manager, digital analytics manager, and CRM manager. On average, digital roles earn between $9,600 monthly (user experience web analytics) up to $23,000 monthly (ecommerce director).

The report also identified security, data and decision science, and cloud specialists and developers were identified as “trending” skills amongst the technology sector; whilst digital trending and innovation, digital marketing, and ecommerce-related skills as “trending” skills in digital.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia