Singapore technology professionals are looking for a raise next year, according to the Michael Page International 2012/13 Employee Intentions report for Singapore.
Key survey findings show that while sales and marketing professionals will be looking for a pay rise of 10-12 percent, most technology employees will be seeking a 3-5 percent increase on base salary.
Nearly half (48 percent) of those surveyed in the technology sector are the most likely to change jobs in the coming year and 42 percent in this sector find career progression to be the most important factor in the coming months.
Most of these respondents (48 percent) expect the job market to remain unchanged over the next 12 months.
"One of the most effective retention strategies is to provide staff with financial rewards and employers will need to be prepared to offer above average salary increases to keep talent in the company," said Andrew Norton, regional managing director for Michael Page International in Southeast Asia.
Forty-one percent of those who are looking for new jobs said career progression is the primary factor in the decision to change roles, and 23% said salary is the reason why they want to look for a new job.
In the technology sector, 43 percent said they are concerned about salary versus living costs and this particular sector showed highest optimism in the job market.
Sign up for CIO Asia eNewsletters.