👩‍💻 Attracting and Retaining Top AI Talent

Attracting and Retaining Top AI Talent  

“10% of new AI roles are filled by existing staff” - Boston Consulting Group 

While demand for AI talent has never been higher, the supply is critically low. This has led to companies needing to differentiate themselves from the competition. 

They face challenges when it comes to: 

• High Demand and Limited Supply: The demand for skilled AI professionals far exceeds the supply, making it difficult for companies to find and recruit qualified candidates. 

• Access to Advanced Resources: Providing access to state-of-the-art computing resources and infrastructure is essential but can be costly and logistically challenging. 

• Retention Strategies: Retaining AI talent requires more than just competitive salaries. It involves offering career advancement opportunities, fostering a positive work culture, and recognizing and rewarding contributions. 

Here are some ways companies are tackling the talent shortage: 

• Purpose-Driven Organization: Emphasize your company’s unique mission and strengths to keep AI talent engaged. 

• Understand AI Worker Needs: AI professionals value exciting projects and clear advancement strategies. 

• Internal Reskilling: Reskill existing employees for AI roles to leverage their business knowledge and commitment. 

• Career Path Clarity: Provide clear advancement opportunities for AI recruits to retain them. 

• Tailored Recruiting Strategy: Align recruiting efforts with company maturity; start with an "anchor" hire and evolve recruitment processes as you scale. 

• Explore Untapped Talent Pools: Look beyond major tech hubs to find AI talent in less competitive markets and consider remote work options. 

“80% of AI talent leaves their current roles, among other things, due to a lack of perceived opportunities for career advancement.” Boston Consulting Group 

To attract and retain top AI talent, companies need to understand their unique preferences. These professionals seek opportunities to work on innovative and impactful projects, access state-of-the-art computing resources, and receive competitive compensation. Namely: 

Beyond competitive compensation, creating an environment where AI professionals can thrive, collaborate, and innovate—both in physical and remote workspaces—will help companies secure a competitive edge.