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Salaries in high-tech sector in APAC to enjoy biggest raise: Towers Watson survey

Zafirah Salim | Oct. 19, 2015
The highest tech-sector increases will be in Pakistan (12%), India (10.7%) and Vietnam (10.6%), although these percentages are before inflation is taken into account.

High tech salaries rise fastest

Employees in the high-tech sector are set to enjoy the biggest salary increases, compared to their counterparts in the other industry sectors covered by the report. Increases in this sector will average 6.5% in 2016, the same as in 2015. The highest tech-sector increases will be in Pakistan (12%), India (10.7%) and Vietnam (10.6%), although these percentages are before inflation is taken into account.

In the region's two international hubs, Hong Kong and Singapore, tech-sector salaries are set to rise by more than last year: up 4.5% and 4.3% respectively, compared to 4.4% and 4% in 2015. In mainland China, tech-sector salaries are expected to rise by 8% next year, versus 7.7% in 2015.

"The popularity of new technologies, such as wearable devices, cloud computing and enterprise application software is expected to keep growing. This drives the demand for talent in the high-tech sector and explains why the sector sees the biggest increases. In fact, technology also plays a role in the growth of the pharmaceutical and financial services sectors when you consider, for example, how the healthcare industry is embracing wearables and the rapid growth of internet finance," concluded Rakyan.

 

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