Global hiring rates decline while job seeker enthusiasm grows
According to LinkedIn’s Global Talent Trends report released on November 1, hiring rates have experienced a notable decline in over a dozen countries, with the majority witnessing a drop of 15% to 25% compared to the previous year. Interestingly, despite this decline, job seekers are displaying a heightened enthusiasm for job opportunities in comparison to the previous year. In the United States, there has been an 18% increase in job applications, as stated in the report.
Notably, job postings that mention generative artificial intelligence and artificial intelligence have seen a remarkable 17% increase in interest over the past two years, according to the same report. Erin Scruggs, Vice President of Global Talent Acquisition at LinkedIn, explained that candidates are becoming increasingly discerning and are actively seeking roles where opportunities in these fields are abundant.
This year, there were more than 385,000 job listings that referenced artificial intelligence in some form.
The demand for candidates possessing skills in generative artificial intelligence has surged in the past year. In 2022, only 519 job postings included mentions of generative AI. However, by mid-October, this number had skyrocketed to 10,113, representing an astonishing 1,848% increase, as reported by labor analytics firm Lightcast. This year, there were more than 385,000 job listings that referenced artificial intelligence in some form.
This growing demand for AI expertise is also positively impacting salaries within the sector. According to Comprehensive.io, an analysis of tech salaries revealed that the average salary for an AI engineer increased by 12% in the last quarter alone. This places the average salary for AI engineers at approximately $188,000, which is 21% higher than that of non-AI software engineers, as reported by the organization.
Furthermore, the most sought-after AI skills in the job market include ChatGPT, BERT, Stable Diffusion, and TensorFlow, among others, as outlined in a report from Upwork.
