Vietnamese IT recruiting firm TopDev, said in a recent report, that companies are having difficulty finding artificial intelligence engineers even though they are willing to offer very high salaries to competent people.
According to TopDev’s survey of companies, an AI/machine learning engineer could earn up to $1,678 a month, or around $22,000 a year including bonuses and benefits.
This is higher salary than what a data scientist ($1,537 a month) or DevOps engineer ($1,505) can earn, even though a DevOps engineer handles both the development and operations of a product.
TopDev also said in its report that Vietnam’s IT sector faces a big shortage in IT people. In 2019 the company forecasts a demand for 320,000 engineers – but estimates that there are only 250,000 engineers available, which means that 70,000+ job openings will be vacant. The situation in 2020 is similar with a forecast that there will be 100,000+ IT job openings that will go unanswered due to a lack of talent.
Companies will continue to struggle with their IT talent. TopDev surveyed 15,000 1T employees and found that more than 40% were willing to change their jobs immediately if they could obtain higher salary and benefits. For employers, this means they will have to continue to raise salary and benefits for current staff in order to make their companies attractive to new talent and it also means that they’ll have to pay more for the new talent.
According to TopDev, the salary for experienced IT engineers currently is $1,318 USD per month on average, while managers 5+ years of experience can earn from $1,550 to $2,350 USD per month and directors with over 10 years’ of experience earn a minimum of $2,300 USD per month.
Gaku Echizenya, General Director of Navigos Group, a leading recruitment company, recently said: "The market is experiencing major changes with the fourth industrial revolution. Therefore, businesses need to keep up-to-date with market information from reputable sources to respond promptly to changes, allowing them to set out a strategy to recruit and attract talented people." Echizenya added: employees need to actively educate themselves in IT and digital knowledge and develop crucial people management skills to increase their competitiveness.