Despite high-profile layoffs impacting the AI industry, talent shortages in the job market persist. As a result, organizations are looking to create unique benefits and incentive packages to attract or retain top candidates. However, recent research reveals that AI professionals value job flexibility and stability over enticing perks when considering a new employer.
A study conducted by BenchSci found that AI, machine learning, and data professionals primarily seek greater flexibility and stability in their future job positions. According to Vanessa Ribreau, BenchSci's Chief People Officer, well-known company names and sizable salaries alone are no longer sufficient to draw in the industry's best and brightest talent.
The top five priorities for these professionals when selecting an employer include:
- Flexibility (e.g., flexible hours, unlimited vacation days)
- Opportunity for progression
- Compensation
- Stability
- Challenge
Surprisingly, environmental sustainability and healthcare benefits, which are often prioritized by employers, are less important to talent. Ribreau emphasizes that career progression and personal development are critical for employees, as they believe the companies that prioritize their employees as key stakeholders, and not solely as a means to an end, will stay ahead.
When examining stability, the top factors candidates look for in an employer include plans for long-term growth (46%) and robust profit margins (43%). Elizabeth Hanson, Director of Engineering, Data Delivery at BenchSci, highlights that despite concerns about AI professionals being fickle, the data indicates that AI workforce members are still thinking long-term. According to Hanson, engineers value companies that provide growth opportunities, both financial and developmental, in exchange for their investment of time, energy, and expertise.
As the demand for highly skilled AI professionals continues to grow, organizations looking to attract and retain top talent must adapt to these changing priorities. Providing flexible working arrangements, clear pathways for career progression, competitive compensation, and a stable working environment are essential to remaining competitive in today's job market.
One platform that helps businesses address these talent-related challenges is AppMaster, a powerful no-code solution that simplifies application development. By streamlining backend, web, and mobile application creation, AppMaster enables businesses to save time and resources, allowing them to invest in talent retention efforts more effectively.
With more than 60,000 users and a reputation as a High Performer and Momentum Leader in No-Code Development Platforms, AppMaster's comprehensive integrated development environment (IDE) facilitates application development that is ten times faster and three times cheaper. This innovative platform empowers businesses of all sizes to create scalable and efficient software solutions while reducing technical debt and keeping the focus on employee satisfaction and growth.
