TURNOVER AND REMUNERATION OF INFORMATION TECHNOLOGY PROFESSIONALS IN SINGAPORE

The rapid growth of technology in Singapore and the shortage of IT professionals had an impact on the country's competitiveness. The study shows that the turnover rate among IT professionals is still high, particularly among software professionals. There are large differences in the salaries of IT professionals. Salaries vary by job title (category), sector, working experience, nationality, education, and in some jobs by gender. The turnover rate and the number of job openings fell in 1990 and is expected to fall more in the near future. Apparently, the main reasons for turnover are competition from other employers in remuneration and limited advancement opportunities. The managerial implications of these findings are discussed.