Wednesday, August 06, 2008

Wages for IT talent go up, up, up!

Singapore - With the banking and finance sector fuelling demand for talent, IT professionals can command a higher pay if they choose to job hop now.
Richard Talbot, GM of the IT recruitment firm, Sapphire Technologies, says with a low 2% unemployment rate and a shortage of skilled workers, there is a pressure on companies to increase the wages of IT workers.
Similarly, Watson Wyatt's quarterly HR Trends survey showed that IT sector had a 5.4% salary adjustment in 2008, cpmpared to 4.8% for general industries. This ranks the IT industry as one of the top 4 industries, payewise.

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