I Know the Salaries of Thousands of Tech Employees in Asia. Here are some surprising facts.
And this market requires transparency, so I’m revealing what I know here…
As the industry grows, so does the need for tech industry employees. IT professionals in Asia are set for a thriving future, and tech wages in the region are definitely on the rise.
Organizations are changing the way they approach and deliver services, driving the need to invest in bringing in the right mix of talents.
As tech companies plan for robust salary increases in 2019, they continue to battle in maintaining low employee turnover rates. Big players are now focused on business transformation, creating demand for HR professionals and talent managers. Employees with proven ability in cultural transformation will be chased after in 2019 as companies undergo further cultural and structural change. But as the demand for talent grows, so do the demands of talents themselves.
We believe that transparency is vital for the success of organizations and talents alike. That is why we’ve created this report to offer a comprehensive review of professional salaries and recruitment trends across Southeast Asia. Find out which jobs are expected to hold weight in the future and what skills are required to secure them.
Find the full report here : https://getlinks.co/page/salaryreport/
However, some facts I had to bring up, to tease our next report:
- In 2018, 20% of all jobs in technology were held by women. The percentage of women in tech varies in different countries and continents. For example, in Slovakia, women are only 9.29% of the total workforce in technology.
- 74% of girls express a desire for a career in STEM fields. (Source: TechCrunch) The numbers for female undergraduates in Computer Science confirm that most of them chose differently.
- In 1985, 37% of all US bachelors in Computer Sciences were women. However, 20 years after these graduates arrived in the market, in 2015, only 11% of all executive positions in Silicon Valley were held by women.
- Despite applying for the same jobs at the same companies, women receive job offers that pay less than their male counterparts 63% of the time.
- The median salary for tech workers is $81,430, compared to $36,200 for the average private-sector worker. Not only that, but the tech field is growing: the U.S. tech industry added nearly 200,000 net jobs in 2018, according to a study by the Computing Technology Industry Association.
- Companies such as Apple, Amazon, and Google have been proactive in attempting to rectify the pay gap and have begun committing financial resources to eliminate the gap. 2019 reports showed the pay gap narrow down to 3% after stagnating at 4% for the past two years.
- The overall gender pay gap is highest in South Korea — 37.18%. The tech pay gap is highest in South Korea — 41.17%. I don’t dare to show more data I have for Asia as the results are scary and I can’t afford to be too political at this point. I may release the data in our next 2020 report.
