Information Technology Salary Insights

DIGITAL TRANSFORMATION IS TOP PRIORITY FOR BUSINESSES

Amidst growing geopolitical tensions and a cooling down of economic growth in China, businesses are placing less focus on traditional IT projects and allocating a much larger proportion of their budgets towards digital transformation.

Other key areas within IT that businesses will continue to spend on include cloud migration, IT security, wireless networking and telecommunications. China also recently outlined a national IT development strategy that aims to improve its IT infrastructure over the next 5-10 years and bring it up to global standard.

5G NETWORK ROLLOUT EXPECTED TO CREATE MORE JOBS ACROSS INDUSTRIES

The largest and most significant of these projects is the national rollout of 5G networks. China sees this as a national priority, as well as an effective way to promote the consumption of electronics and vehicles that depend on 5G and new energy technologies. From a candidate point of view, there will likely be a number of new jobs created across various industries to support the rollout.

SKILL SHORTAGE IN IT SECURITY LIKELY TO RAISE PAY PACKAGES

IT security jobs have seen a sharp rise in the last year, a trend that is expected to continue throughout 2020 as IT Leaders look to safeguard their businesses from malicious attacks. The current shortage of these skills in the market is good news for experienced candidates, who can expect more choice and attractive remuneration packages when searching for new roles.

SALARIES IN EMERGING TECH LIKELY TO BE THE HIGHEST

Overall, we expect salaries for IT employees to remain stable within the next year across China. But considering the expected decrease in traditional IT jobs, companies may be more cautious in their hiring and spending. While this may impact a candidate’s leverage in the market, those from emerging technologies and key areas such as security, risk and networks can expect a very positive year ahead in terms of both hiring and remuneration.