Lack of AI talent is becoming an increasingly worrying bottleneck in organizations around the world. In a recent global survey from Morning Consult, 43 percent of 5,500 businesses said that their rollout of AI has been accelerated by the pandemic. The top reason for not moving even faster? A lack of available AI competence.
In the US, AI-related job postings increased from 25,000 in the last quarter of 2020 to 37,000 in the first quarter of 2021.
Moreover, 85 percent of the international students going to the USA for an AI related Ph.D. program are still residing in the country five years after graduation. This creates a brain drain from Sweden and the EU to the US, and nations inevitably compete with each other to attract AI talent. In addition, the lack of talent also spurs competition between employers.
So how do organizations address this problem? In two ways: Recruiting externally and retraining internally.
But being an attractive employer is about more than the job opening itself. When Women in AI in Sweden conducted a market survey on the preferences of international talent, wage was just one of the factors. Other important aspects were the values of the recruiting organization as well as the professional challenges offered in the employment.
AI Sweden has just launched three new initiatives to address the challenges and attract AI talent to Sweden. Please go ahead and read more here, Eye for AI, Young Talents, and Junior AI Change Agents.
For more on talent attraction, there is also a recording from AI Sweden’s Talent Day in late August.
Reach out to Niclas Fock for more information about our talent programs.