Banks, healthcare companies and other non-tech employers are outbidding tech firms for software engineers as demand for AI skills rises and layoffs reshape the talent market, according to new research by recruitment giant Randstad.
Healthcare and life sciences firms are paying up to 17% more for software engineers than tech companies, while banking is offering 13% more, per the research, which surveyed 1,100 business and technology decision-makers in 11 countries, including the U.S., U.K., France, Germany and Japan, and drew on 20 million job postings and roughly 100 million candidate profiles.
"These businesses see massive potential in AI, realizing business cases that they were not able to realize before," Sander van 't Noordende told CNBC's "Squawk Box Europe" on Thursday.
"We've seen a massive investment wave in the technology sector ... now that wave is shifting towards businesses looking to find the benefits of AI."
The research also found that job postings requiring AI capabilities grew fivefold over the past year.