Artificial intelligence or machine
learning-related skill sets were referenced in 14% of all tech job
postings in February 2024, up 5 percentage points from the previous
year
Amidst continuous discussion and debate surrounding artificial
intelligence's transformative impact on our lives and work, it is
already fundamentally reshaping the tech job market. In an analysis
of tech job posting data, Dice (a DHI Group, Inc. brand; NYSE:
DHX), found that 14% of all tech job postings in February 2024
referenced skills related to artificial intelligence (AI) or
machine learning (ML). This is up 5 percentage points from the
previous year, when just 9% of tech job postings referenced AI or
ML-related skills.
When looking at the total number of open AI / ML jobs, that
increased 8.5% from the beginning of 2023 (56,018) to the beginning
of 2024 (60,784). This surge in demand is further accentuated by
the notable decline of 26% in overall tech job postings during the
same period. These numbers exponentially speed up the learning
curve for recruiters, talent acquisition leaders and organizations
in understanding not just the basics of generative AI, but also the
AI skills and roles their businesses need today and what they will
need in the future.
“This is an exciting time to be in tech; in terms of AI’s
magnitude, it’s on par with the dawn of the internet and the
release of the first smartphones,” says Dice CEO Art Zeile.
“Artificial intelligence is not a new phenomenon, but the demand
for AI skills today is escalating across almost every sector.
Generative AI is being integrated into almost every workflow, and
CEOs are focused now on AI-driven efficiency. That just amplifies
the need to hire and train those skilled tech professionals. Dice
is proud to be an objective and helpful resource for talent
acquisition leaders, recruiters and tech professionals as we
address the impact AI will continue to have on tech careers and
hiring."
Dice Provides Vital AI Resources for
Recruiters and Tech Professionals
To help recruiters and tech professionals navigate the evolving
landscape of AI-focused roles, Dice has curated two comprehensive
guides to serve as a repository of knowledge, with resources, best
practices and insights from industry experts. The Technical
Recruiter's Guide to Building an AI Team emphasizes the
importance of a collaborative approach between talent acquisition
leaders, technical recruiters and tech leadership in identifying
and attracting top AI talent. The Tech Professional's Guide to
Navigating AI Jobs and Careers analyzes the most in-demand
skills for AI roles and how to upskill technical and soft skills to
be competitive in this job market.
The AI Hiring and Job Posting
Landscape
Within a span of less than two years, tech professionals skilled
in generative AI have become highly sought after. Not surprisingly,
“artificial intelligence” has seen strong growth in job
descriptions year over year; when comparing February 2024 to
February 2023, AI has increased by 36%.
Salaries for AI and ML-related roles also show the impact
generative AI has had in a short period of time, as these salaries
have continued to grow during a time when the average tech salary
has flattened. In its 2024 Tech Salary Report, Dice data showed the
average salary for someone skilled in machine learning is $122,060
— almost 10% higher than the average tech salary of $111,193.
This trend is mirrored across various AI-related roles and
skills, emphasizing the importance of that expertise in today's job
market:
- Data Science: $116,807 (5% higher than the average U.S. tech
salary)
- Machine Learning: $122,060 (10% higher than the average U.S.
tech salary)
- Software Engineer: $145,206 (31% higher than the average U.S.
tech salary)
- Data Engineer: $120,248 (8% higher than the average U.S. tech
salary)
- Solutions Architect: $157,768 (41% higher than the average U.S.
tech salary)
Almost every industry sector — from retail to healthcare to
manufacturing — is witnessing a surge in AI hiring. Companies like
Deloitte, Accenture and KPMG are doubling down on AI projects,
signaling a strategic shift towards prioritizing AI talent
acquisition. “Any time there's a major shift in a technology in the
U.S., corporate America generally wants to experiment with
consultants before they bring those people onto their own payroll,”
Zeile says. “They want to pilot and experiment to see what it means
for their business model.”
And even amidst the backdrop of recent layoffs by Amazon, Google
and Microsoft, these industry giants are among the top 15 companies
hiring for AI talent right now — underscoring a concerted effort to
prioritize AI initiatives.
Takeaways for Recruiters: Adapting
Strategies to Win Top Talent
While AI is not as new as it may seem, it is still a recent
technology that is rapidly advancing. As demand continues to
increase, companies that need to fill AI roles will find fewer tech
professionals with extensive experience on their resume. Here are
some tips for recruiters to take the next steps and act on their
AI/ML hiring strategies:
- Prioritize skills-based hiring. Embracing a skills-based
approach works especially well with tech roles because these
professionals already have a culture that emphasizes skills over
titles. By focusing on applicable skills over traditional metrics
like education or experience, companies can expand their options
and effectively recruit for top AI talent.
- Understand core AI and ML skills and applications. One
of the biggest challenges with AI hiring is that, outside of the
specialized tech professionals who can build AI and machine
learning models, there is a lot of gray area when it comes to
titles, roles and skills. Not every tech professional is going to
have the same AI skills, but for most, an understanding of data
wrangling and preprocessing, algorithms, software engineering,
machine learning frameworks or cloud computing are a great
start.
- Work with your tech leaders to recruit and upskill talent
you already have. One way to build your AI team is by looking
within your company first for the talented tech professionals who
are willing to move and upskill in the AI space. Consider offering
generative AI training programs to educate your entire workforce on
the fundamentals of AI, and use this as the first step to
identifying potential candidates who show an aptitude for AI
concepts.
Takeaways for Tech Professionals:
Charting a Path in the AI Era
Navigating career development in a dynamic field like artificial
intelligence and machine learning can be daunting for tech
professionals. However, AI builds upon existing skills and
leverages familiar technologies, offering exciting opportunities
for growth. Here are key insights for tech professionals ready to
start on the AI upskilling journey:
- Identify your familiarity with the core AI competencies and
know your frameworks. As tech professionals use AI to handle
low-level tasks, they can spend their time focused on mastering
higher-level disciplines and competencies. Frameworks act as
pre-assembled toolkits, offering tech professionals essential
building blocks to streamline their AI development processes. There
is a huge variety in the type of frameworks, but there are many
transferrable skills between them.
- Improve your soft skills. Improving soft skills makes
tech professionals more valuable to their current and future
employers — those can never be replaced by AI. Innovation and
creativity, communication, and providing insight to leadership are
key soft skills to focus on.
- Continue AI education with courses and certifications.
AI is evolving quickly, and today’s landscape will quickly be a
thing of the past as new language models, tools, and platforms are
created. Online or in-person courses dedicated to foundational AI
disciplines are great for tech professionals ready to upskill.
Courses that offer a final test allow tech professionals to
demonstrate their understanding and expertise to current and future
employers.
Dice's Commitment to Empowering
Recruiters and Tech Professionals
As the demand for AI-skilled tech talent continues to soar, Dice
remains steadfast in its commitment to facilitating meaningful
connections between employers and tech professionals. The company’s
continued reporting on the latest trends and developments in AI
will empower recruiters and tech professionals to make informed
decisions in the expanding field. Additionally, Dice’s AI Careers
and Hiring Center sections serve to connect tech professionals with
career-advancing opportunities, and to help companies succeed with
their AI-driven innovation.
Methodology
To present the insights in this report, Dice used job posting
data provided by Dice’s partner, Lightcast, which has a database of
more than 1 billion current and historical job postings worldwide.
Dice pulled data on March 20, 2024, and analyzed tech job postings
in the U.S. using Lightcast’s skills category taxonomy specific to
“Artificial Intelligence and Machine Learning (AI/ML)” and “Natural
Language Processing (NLP)”. The information in this report is a
snapshot of tech job posting data as of March 20, 2024, and
backward revisions to prior month’s data may occur from the sources
used in this report.
About Dice
Dice is a leading tech career hub connecting employers with
skilled technology professionals and providing tech professionals
with career opportunities, data, insights and advice. Established
in 1990, Dice began as one of the first career sites and today
provides a comprehensive suite of recruiting solutions, empowering
companies and recruiters to make informed hiring decisions. Dice
serves multiple markets throughout North America. Dice is a DHI
Group, Inc. (NYSE:DHX) brand.
About DHI Group, Inc.
DHI Group, Inc (NYSE: DHX) is a provider of AI-powered career
marketplaces that focus on technology roles. DHI’s two brands, Dice
and ClearanceJobs, enable recruiters and hiring managers to
efficiently search for and connect with highly skilled technology
professionals based on the skills requested. The Company’s patented
algorithm manages over 100,000 unique technology skills.
Additionally, our marketplaces allow tech professionals to find
their ideal next career opportunity, with relevant advice and
personalized insights. Learn more at www.dhigroupinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416406126/en/
Mari Shirley dicemedia@dice.com (303) 267-4602
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