Business Daily Media

The Times Real Estate

.

NodeFlair Reveals AI Talent Demand Spikes: Salaries Soar 11.3% Amid Tech Downturn

Job Seeker Priorities Shift: Stability Ranks Higher as Tech Talent Favors Financial Security Over Perks

SINGAPORE - Media OutReach Newswire - 8 April 2024 - NodeFlair, the leading tech talent platform in Southeast Asia, unveiled the Asia Tech Salary Report 2024, leveraging insights from over 422,000 salary data points spanning different roles and countries.

This comprehensive report not only illuminates the industry's reaction to the burgeoning trend of Generative AI but also addresses significant hurdles like layoffs and hiring freezes.

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.
  • 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%).
In 2024, the tech industry grapples with talent challenges amidst the rise of Generative AI and financial prudence.” says Ethan Ang, CEO of NodeFlair. “Our latest salary report promotes transparency and benefits both job seekers and companies by providing actionable insights into changing compensation trends.”

A copy of the report can be downloaded here.
Hashtag: #nodeflair



The issuer is solely responsible for the content of this announcement.

NodeFlair

NodeFlair, the leading tech talent platform in Southeast Asia, offers a comprehensive suite of tools tailored to every stage of a professional's career journey. With verified compensation data, individuals can confidently navigate their job search process. For more: visit

News from Asia

LFC and adidas reunite with new multi-year partnership

LIVERPOOL, UK - Media OutReach Newswire - 13 March 2025 - Liverpool Football Club and adidas have agreed a new multi-year partnership that will see the sportswear giant once again become the club...

Prince Holding Group Earns Fifth Consecutive ‘Best in Cambodia’ Award for CSR Initiatives

Recognized at the 17th Annual Global CSR & ESG Awards for Sustainable Development Efforts PHNOM PENH, CAMBODIA - Media OutReach Newswire - 13 March 2025 - Prince Holding Group has been recogni...

Galaxy Macau’s Reveals a Galaxy of Stars As the Integrated Resort’s Restaurants are Awarded Five Michelin Stars in the 17th Michelin Guide Hong Kong Macau 2025

Sushi Kissho by Miyakawa Celebrates a Stellar Debut MACAU SAR - Media OutReach Newswire - 13 March 2025 - In the 17th Michelin Guide Hong Kong Macau 2025, Galaxy Macau™, the world-class luxury in...

Melco continues to lead with the city’s top number of Stars granted by MICHELIN Guide Hong Kong & Macau 2025

MACAO SAR - Media OutReach Newswire - 13 March 2025 - Melco Resorts & Entertainment continues to lead in Macau in the newly published MICHELIN Guide Hong Kong & Macau 2025, being granted ...

Singapore G Unveils the Largest Cold Storage Facility in Central Singapore, Reinforcing Its Commitment to Supporting SMEs and Business Growth

SINGAPORE - Media OutReach Newswire - 14 March 2025 - Singapore G, a trailblazer in space solutions, today announced the grand opening of MustardSeed@SG Cold Store, a cold storage facility in the ...

GROW with Singlife and aberdeen Launch New Exclusive Share Class of Global Income Bond Fund to Deliver Sustainable Payouts Amid Market Volatility

Globally diversified portfolio of crossover bonds aims to deliver attractive yields for investors SINGAPORE - Media OutReach Newswire - 14 March 2025 - GROW with Singlife ("GROW"), the integrated...

Konica Minolta wins 2025 A3 Line of the Year Award and four Pick Awards from Keypoint Intelligence

Recognition of Konica Minolta’s adaptable, future-ready innovations in office printing technology. SINGAPORE - Media OutReach Newswire - 14 March 2025 – Konica Minolta has been awarded five ...

Silver vs. Gold: Octa Broker's Expert Take on the Future of Precious Metals

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 14 March 2025 - Silver is attracting investor interest, with market analysts predicting a potential leap to $40 per troy ounce in 2025...

Asia trade set for continued growth despite challenging global business environment, reveals DHL Trade Atlas 2025

India, Vietnam, Indonesia, and the Philippines are forecast to lead in both speed and scale of trade growth from 2024 to 2029 South Asia and Southeast Asia regions set to ach...

Incode joins Australia’s Age Assurance Technology Trial to protect children online

With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

Empowering small businesses: Localsearch rolls out affordable digital solutions

New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

Why Responsible Leadership is a Competitive Advantage for Small Businesses

In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

Why it’s a great time to include the EU in your export push

With the US market beset with unknowns, training your sights on mainland Europe in 2025 makes sound sense. Wondering whether the introduction o...

Success Isn’t About Labels—It’s About Mindset

In the lead up to International Women’s Day, I’ve been reflecting on my own success as a business owner and whether or not being a woman has playe...

Accelerate Action- Thryv champions women in business for International Women’s Day

Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

Sell by LayBy