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Wednesday, 26 August 2015, 12:00 HKT/SGT

Source: ZW HR Consultants
Pay Rises as Talent Shortage Continues for IT Professionals in Singapore
IT salaries continue to show a steady increase, with average salaries growing 10% - 15%

SINGAPORE, Aug 26, 2015 - (ACN Newswire) - Leaders in mid-senior level recruitment, ZW HR Consulting have announced the launch of its Singapore IT Salary Guide for 2015/16.

ZW HR Consulting aims to provide employers and jobseekers alike with a comparative overview of IT salaries in Singapore. The guide is based on recent changes in salary patterns within the IT sector - an area in which ZW HR Consulting has built a strong foothold in regards to executive recruitment.

Singapore remains the gateway to businesses in Southeast Asia due to its sound infrastructure, continuing to attract multinational corporations in the Commerce and IT industries. The IT sector is considered one of the most competitive arenas in the Singapore marketplace. Salary ranges in this function are constantly changing, which is why staying ahead of the curve and knowing what is coming next is critical to career success. With more companies looking towards increasing business efficiencies, technology is earmarked for additional growth causing an influx in IT job openings.

According to ZW HR Consulting, there is a shortage of workers in the IT industry who hold both technical and business skills. In a candidate favoured market, largely driven by the over saturation of IT firms and positions this has posed many new challenges in attracting the best talent for the right position. Employers now scramble to find top talent who meet their ever increasing requirements - again searching for those professionals with specific technical and business capabilities.

"The year 2015 is likely to turn out to be a reasonably good period for IT professionals," says Mr Mervin Chui, Managing Director (MD) of ZW HR Consulting Singapore. "The average salary ranges for professionals are up by 10% - 15% for 2015/16 as compared to the 2014/15 figures; hiring is still strong in many areas such as mobile applications, data analytics, business intelligence and cloud computing. Cyber Security professionals and Application Developers are in demand due to increasing regulations and customers concern for data protection," said Mr. Chui.

Ms. Yvonne Tang, Director for IT Practice at ZW HR Consulting, believes IT professionals have a huge advantage right now. "Against the backdrop of a talent scarcity across Singapore, experienced skilled professionals can expect to see salary hikes. Technology drives so many aspects of a modern business - from sales growth to productivity improvements - employers will need to consider increasing salaries to keep pace with inflation in order to retain their high-calibre workforce."

Companies in Singapore will have to look at options besides simply increasing remuneration if they wish to attract and retain the best talent. Work-life balance and employee engagement policies are equally important and will need to be leveraged effectively in order to keep Singapore-based organisations competitive on a global scale.

The IT professionals/skills who are likely to be in demand in 2015/16 are - Software Developers, Mobile Application Developers, Database Administrators, Cloud Computing, Information Security/ Cyber Security, Network Engineers, Helpdesk/ Technical Support, Project Managers, Web Designers/Developers and Big Data.

ZW HR Consulting's salary guide is an excellent tool to be used both by IT sector employers as well as employees. The guide will provide you with further insight into the latest salary ranges, calculating for various positions in the IT sector in Singapore. The salary ranges signify actual transactions between employers and employees, therefore best reflecting the Singapore marketplace.

If you would like to learn more about the Singapore IT salaries in 2015/16 or receive a copy of the salary guide, please visit our website www.zwhrconsulting.com.sg or email us at [email protected].

About ZW HR Consultants

ZW HR Consulting provides recruitment solutions focused on mid-senior level professionals. Originally founded in Shanghai in 1998, ZW HR has since grown into one of the biggest and the oldest headhunting recruitment firms in China. With 10 offices across Asia, ZW HR Consulting currently has over 200 employees. As of 2012, ZW HR Consulting has become an exclusive member of InterSearch Worldwide. Established in 1989, InterSearch ranks as one of the top international executive search alliance organizations in the world, with 100 offices in over 50 countries. For more information, please visit www.zwhrconsulting.com.

Vikram Tandon
[email protected]

Source: ZW HR Consultants

Topic: Research / Industry Report
Sectors: Enterprise IT, IT Individual, Daily News, Human Resources
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