The Times Australia
News From Asia

.
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

The Times Features

Cast vs. Minted Gold Bars: Key Differences Every Investor Should Know

Investing in gold bars is one of the most dependable ways of preserving one's wealth and diversifying one's portfolio. However, not all gold bars are minted equally. Understanding...

Understanding the Common Challenges Addressed by Child Psychologists

Parenting is challenging, especially when children have emotional, behavioural, or developmental problems. Child psychologists are experts who focus on dealing with such issues...

What to Expect in Cosmetic Clinics in Western Australia: Comprehensive Overview

Over the recent past, cosmetic clinics were popular since people sought a means of beautifying and building confidence. Western Australia has various high-class cosmetic clinics th...

Empowering Education: Flinders University Partners with The Missing Link for AI Training

The Missing Link, a leader in intelligent AI and automation solutions collaborates with Flinders University to deliver a bespoke Microsoft 365 Copilot training program. This part...

Maximizing Your Outdoor Adventures with the Right Bike Rack

With cycling becoming an increasingly popular activity across Australia, having the right gear is crucial for a seamless experience. A reliable bike rack plays a vital role in en...

Wellness Tourism: Trends Shaping Travel in 2025 and Beyond

Wellness tourism, a rapidly expanding segment of the global travel industry, is redefining how individuals approach travel by focusing on self-care, personal enrichment, and tr...

Times Magazine

Avant Stone's 2025 Nature's Palette Collection

Avant Stone, a longstanding supplier of quality natural stone in Sydney, introduces the 2025 Nature’s Palette Collection. Curated for architects, designers, and homeowners with discerning tastes, this selection highlights classic and contemporary a...

Professional-Grade Tactical Gear: Why 5.11 Tactical Leads the Field

When you're out in the field, your gear has to perform at the same level as you. In the world of high-quality equipment, 5.11 Tactical has established itself as a standard for professionals who demand dependability. Regardless of whether you’re inv...

Lessons from the Past: Historical Maritime Disasters and Their Influence on Modern Safety Regulations

Maritime history is filled with tales of bravery, innovation, and, unfortunately, tragedy. These historical disasters serve as stark reminders of the challenges posed by the seas and have driven significant advancements in maritime safety regulat...

What workers really think about workplace AI assistants

Imagine starting your workday with an AI assistant that not only helps you write emails[1] but also tracks your productivity[2], suggests breathing exercises[3], monitors your mood and stress levels[4] and summarises meetings[5]. This is not a f...

Aussies, Clear Out Old Phones –Turn Them into Cash Now!

Still, holding onto that old phone in your drawer? You’re not alone. Upgrading to the latest iPhone is exciting, but figuring out what to do with the old one can be a hassle. The good news? Your old iPhone isn’t just sitting there it’s potential ca...

Rain or Shine: Why Promotional Umbrellas Are a Must-Have for Aussie Brands

In Australia, where the weather can swing from scorching sun to sudden downpours, promotional umbrellas are more than just handy—they’re marketing gold. We specialise in providing wholesale custom umbrellas that combine function with branding power. ...

LayBy Shopping