Information technology salaries are on the rise across the Asia Pacific, with the upward trend expected to continue through 2011, according to the latest Technology salary survey by recruitment specialists Robert Half International.
The firm’s inaugural 2010-2011 Technology salary survey says that “Overall, the Asia Pacific technology industry is experiencing strong growth and employers need to be prepared to respond to this environment in order to succeed”.
The survey was carried out in July – August 2010 and attracted respondents from Australia, Hong Kong, Japan, New Zealand and Singapore.
“An improvement in economic conditions and general business confidence has led to greater investment in technology projects across Asia Pacific,” the report said, “especially as companies increase the emphasis on upgrading technology to improve business performance and get ahead of the competition.”
The study found that, as a result, the technology industry is gaining confidence, with 41 per cent of Asia Pacific technology workers enjoying a salary increase over the last year, largely due to the rising demand for skilled technology staff in the wake of a tight employment market.
Hong Kong Benefits Most
The survey fund that Hong Kong employees benefited the most from the upswing, with more than half (56 per cent) receiving a pay increase.
It said that: “Following a series of pay freezes during the downturn, employees are now feeling restless and those that are unsatisfied with their pay will begin to explore other options. Employers are recognising this too, with 70 per cent concerned about losing top performers to other job opportunities in the next year.”
After a turbulent period, the Robert Half research found that Hong Kong’s technology employment market is rebounding, with the majority (79 per cent) of employers planning to hire in the next six months.
Of all employees across the Asia Pacific region, those in Hong Kong are the most likely to leave their current employer, as 86 per cent of the respondents believe that it is necessary to switch jobs in order to gain greater bargaining power in salary negotiations
The research found that attracting and retaining talent are key business concerns for the
Singapore technology industry and that Lion City companies are focusing on
increasing staff levels with more than three quarters (78 per cent) planning to hire in the next six months.
Singapore fears losing top performers
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