Workers in Singapore’s high-tech sector enjoy fastest rising paydays

Salaries are expected to rise by 4.3% next year.

As an international technology center in today’s tech-obsessed age, Singapore joins the vanguard along with other hubs in new technologies, such as wearable devices and cloud computing. It’s therefore no surprise that raises are being handed all around in the tech sector.

According to a survey by Towers Watson, the tech-sector salaries are set to rise from its 4% growth last year.

Enterprise application software is also growing in Singapore’s region, which drives the demand for talent in the sector. This explains the hefty increases handed out to employees.

“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,” said Sambhav Rakyan, data services practice leader in Asia Pacific at Towers Watson.

Meanwhile, the city-state’s rival Hong Kong is set to see more growth in its salary raises for the tech-sector with a projected 4.5% growth.