Nine of the world’s biggest tech companies are joining forces to tackle AI’s impact on the tech workforce through a new consortium: the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium.
A coding boot camp surveyed more than 1,000 HR/talent leaders on the challenges of preparing their workforce for the rise of AI. I figured this was timely data considering the recent announcement of companies like Cisco, Accenture, IBM, Indeed, Microsoft, and SAP joining a consortium to unpack AI’s impact on the workplace and workforce.
Some of the key findings include:
AI skills are in extremely high demand.
- 69% of HR leaders say hiring people with adequate AI skills is more challenging than those in traditionally hard-to-hire roles in data analytics, data science, software engineering, and UX design.
- Nearly a third (32%) say their companies lost revenue due to inadequate or mismatched staffing.
Companies are having to pay more to acquire the tech talent they seek.
- 91% of HR leaders at companies using AI say job candidates are requesting higher salaries — and 66% of the time, companies agree to pay what job candidates are asking for.
Companies are utilizing alternatives to finding and hiring talent.
- 50% are upskilling current employees.
- 53% are seeking new talent sources.
Check out the Fortune article here.
