(Yicai Global) Nov. 23 – The boom in artificial intelligence (AI) and big data has given rise to a high staff turnover in the industry which experiences frequent job-hopping even at this time of the year, a period for year-end bonuses, an industry expert told Yicai Global.
"Poaching is rampant in this business. We're also poaching people from other companies through headhunting, but new recruits are paid at least 20 percent higher than their predecessors," explained Chen Chen, HR manager in the big data business line of an Internet finance firm.
AI and big data companies were the only businesses outrunning the average staff turnover ratio in the entire technology industry in 2015, according to an industry research report. The same phenomenon continues in 2016, with staff turnover rates in AI and big data companies averaging as high as 44 percent, compared to 38 percent and 34 percent in trade-up and e-commerce.
However, there are some AI companies that have managed to maintain a relatively stable workforce. Technicians at Turing Robot are also often approached by other companies for hiring reasons, but the staff turnover at the company is much lower, with long-serving employees making up more than 70 percent of the total workforce.
The ability of a company to retain staff primarily depends on its development prospects, and then on working conditions, salary, benefits and corporate culture, said Wang Xiangyi, vice president of Turing Robot.