Professional Documents
Culture Documents
We've seen lots of projects being won across a spectrum of industries including
Automotive, Retail, Logistics, Transportation, Voice Recognition, and Healthcare.
Overall, there are a lot of positive signs of growth that will see this technology come
into its own in 2021.
We've invested heavily in data insight sources that give us access to privileged
market information that is in real-time. This means we can offer our clients
tailored market insight, giving them a competitive advantage to find the very best
AI & ML professionals.
The information in this report is based on data from our placements, an extensive
questionnaire filled out by a highly relevant pool of candidates and from salary
ranges provided by our current partners that include some of the best
technology-driven businesses across the UK. We hope you find it useful!
WHICH INDUSTRIES
ARE BENEFITING
MOST FROM AI?
According to a poll, we ran on LinkedIn recently, Software and Tech Organisations
could stand the most to gain by investing in AI.
Healthcare
Multimedia
Finance
Other areas that are evolving in this space include Healthcare, Medical Research,
Finance, Multimedia, Chip Design, Market Research, and many more. As a result of
this, we are witnessing a lot of new jobs becoming available for experts in AI and
Machine Learning, such as Machine Learning Engineer and Researcher, to name a
few.
According to IT Jobs Watch, in the last 6 months leading up to the 14th January 2021,
a total of 149 AI jobs were listed in the UK alone. This is particularly exciting for the
domain, as new jobs have historically slowed down over the last quarter of the year.
There has also been a 30% increase year on year for new jobs with the title of
Machine Learning Engineer. This exponential growth translates over to the Machine
Learning Researcher jobs available. New jobs for Machine Learning Researchers
make up 0.005% of all permanent jobs in the UK (again, with in the last 6 months up
to the 14th January 2021). While that may seem a low figure for those outside the
industry, it demonstrates that this is an area that continues to develop in businesses
rather than solely in academia posts.
MACHINE LEARNING
OVERVIEW
133%
increase in Machine
Learning Engineers in
Manchester and Leeds.
Facebook - 34 BenevolentAI - 10
Apple - 24 Twitter - 10
IQVIA - 10 Secondmind - 9
Omdena - 10 Bloomberg LP
UCL 93
University of Cambridge 84
University of Oxford 37
University of Bristol 34
University of Bath 23
University of Warwick 23
DEEP DELVE -
GROWTH AREAS
Let’s delve deeper into Machine Learning and AI and understand what areas have
been growing in the last 12 months.*
22K
2020 was Natural Language Processing.
38%
London, with 6,606 professionals
professionals on LinkedIn
in this space of AI. with skills in Natural
Language Processing in
However, there are 638 the UK.
professionals in Edinburgh and increase in professionals with
626 in Manchester, both growing Natural Language
tech hubs for Machine Learning, Processing on LinkedIn
and particularly NLP. in the UK.
University of Edinburgh
DeepMind
51% 10.9K
professionals on LinkedIn
increase in professionals with
Deep Learning skills on with skills in Deep Learning
LinkedIn in the UK. in the UK.
Currently, there are 10,925 candidates on LinkedIn with skills in Deep Learning, so a
much smaller candidate pool than NLP, for example.
Amazon
We gather that there are more candidates keen to maintain a career in academia
rather than transition over to industry. However, professionals with NLP skills have
shown more of a willingness to do so. This could indicate that it is harder to pull
candidates away from academia in Deep Learning and so, it is a more competitive
market for these particular candidates. However, we will see whether this changes in
2021 with rising salary bandings for this skill within industry.
DATA SCIENCE
And finally, a huge area of growth in the space of AI is Data Science. This area not
only continues to increase in jobs available but is becoming crucial for every
company to have a team in DS, as the results show.
The industries predominantly employing this talent are IT and Services, Financial
Services and Computer Software.
9% 830
increase in Data Science
professionals with 8,313 in job posts for Data
this space on LinkedIn Scientists in the last 12
in the UK. months on
LinkedIn alone.
First Derivatives
TOP VOTES:
Job Security – due to the pandemic, we saw that this was a massive theme for
candidates who were worried about the economic impact of Coronavirus and
would potentially stall their job search until the economy had recovered
Working hours and flexibility with their role – working from home definitely
influenced this as although people were made to ‘stay at home’ on a full-time
basis, candidates did see the positive benefits of being able to work hours that
suited their situation more
Being able to experiment with ideas and try ‘new things’ in their role
Health insurance – we saw this and again, this could attain to the anxiety
surrounding the pandemic and people putting more importance on the state of
their health and medical needs
Pension schemes
benefits
OTHER POPULAR BENEFITS INCLUDE:
Gym membership
Medical Insurance
Life Insurance
It’s more important than ever for companies to show flexibility here when hiring as it is
soon to become a make or break in candidates accepting their offers (as our results
continuously show).
Towards the end of 2020, we sent out another survey which questioned the
satisfaction of candidates in their current role. Overall, there wasn't a massive shift in
tone from our first survey to candidates in Half 1 of 2020 as candidates are
maintaining their demands and expectations for future employers.
We saw that when candidates were asked if they were compensated well or
underpaid, the majority voted underpaid – with those who were located outside of
London, or in academic posts influencing the vote here.
This brings about the question if working ‘fully remotely’ will impact the way in which
candidates are paid. Will postcode have the same influence on how you are
compensated in 2021? We believe this should be an area that Talent Teams and those
hiring in this space should pay close attention to.
We also asked about annual bonuses. Generally, the answer for this averaged at
15%-20%, with the next common answer being 10%. The least common was 5% as
the least competitive option for active candidates on the market.
As a result, organisations are willing to pay above market rate to secure the best
talent in this space.
For candidates who have a PhD, we have seen salaries increase substantially (in
some cases by up to £10,000). Below you will find the latest salary data grouped by
job title.
EXAMPLE SALARIES
Data Scientist
Graduate £45,000 - £50,000
1-2 year's experience £52,000 - £65,000
3-4 year's experience £70,000 - £75,000
5-6 year's experience £80,000 - £92,000
7+ year's experience £104,000
Robotics Engineer
Graduate £35,000 - £40,000
1-2 year's experience £42,000 - £47,000
3-4 year's experience £50,000 - £55,000
4+ year's experience £62,000+
Statistician
From PhD £62,000
1-2 year's experience £74,000 - £77,000
3-4 year's experience £83,000
aheneghan@understandingrecruitment.co.uk
+44 (0)1727 809 403
Let's connect
Schedule a call with me
follow us:
www.understandingrecruitment.co.uk