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Daily Markup #980: NodeFlair’s Asia Tech Salary Report 2024 offers insights that benefit job seekers and employers across the region

May 6, 2024 · 2 min read
Photo credit: NodeFlair

Tech salaries unveiled

  • What’s the latest tech talent trends in Asia? Ditch the guesswork and dive into the Asia Tech Salary Report 2024 by 500-backed tech talent platform NodeFlair.
  • The report unveils insights from over 422,000 salary data points spanning different roles and countries across Asia.
  • Here are some highlights:
    • Tech salaries have declined overall due to Southeast Asia’s tech funding hitting a five-year low in 2023, but there is a shift towards a more equitable compensation framework
    • There is a 11.3% increase in data scientist salaries due to rising interest in Generative AI and an 8.24% increase for Cybersecurity Engineers
    • Job seekers are prioritizing stability and higher salaries over perks, and they are more willing to overlook imperfect company cultures if their salary meets expectations
    • Mid-senior talent percentages are higher in Singapore (62.7%) and India (79.3%) compared to Vietnam (36.9%) and Indonesia (49.6%).
  • The insights can help companies plan for better salary negotiation and hiring budgets, and reveal the top searched companies among tech talents and why.
  • “In 2024, the tech industry grapples with talent challenges amidst the rise of Generative AI and financial prudence,” shared Co-founder & CEO Ethan Ang. “Our latest salary report promotes transparency and benefits both job seekers and companies by providing actionable insights into changing compensation trends.”
  • Download the full report here.
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