Oz Rashid, CEO of MSH Talent, joins "Worldwide Exchange" to break down the AI hiring boom, from premium pay to strategy gaps, saying all firms need clear plans as AI transforms every industry.

Oz Rashid, CEO of MSH Talent, reports a significant increase in recruitment for artificial intelligence roles across companies of all sizes and industries. He notes that organizations with clear and decisive AI strategies are best positioned to attract top talent and successfully implement AI initiatives. Rashid explains that roles such as 'head of AI' are becoming common, with responsibilities focused on setting direction and integrating AI into customer and employee interactions. The demand for AI specialists is driving premium compensation, not only in technology firms but also in traditional sectors like retail and finance. Rashid emphasizes that as AI becomes integral to business operations, all companies will need to develop robust strategies and pipelines for AI talent to remain competitive.

Rashid: All companies are going to be AI companies

All right. So give us a sense of what's going on when it comes to recruitment of A.I. talent. Who are companies looking for. What kind of people. Yeah I mean it's happening obviously at the highest levels of technology like you mentioned. Obviously those are going to shape what A.I. looks like over the next five to 10 years. But it's really happening in organizations of all sizes and of all industries. All companies are looking to get their A.I. strategy together right now. And I think the companies that are most decisive about that and put a very clear strategy forward are the ones that are going to have the best chance to get the best talent and execute against that plan. So we're seeing everything from head of A.I. to researchers to engineers all across the board. In fact 80 percent of our hiring this past year in technology has been in the artificial intelligence space. You know it's kind of interesting. So you're talking about titles like head of A.I. I don't really know what that means. I don't know if our audience really knows what that means. So let's say I'm a company. I want to hire somebody to help me with A.I. Do I have to know what that person does. Does that person come in and tell me what I should be doing. Yeah it's funny Frank. Sometimes I wonder if some of the companies we work with know what it means. I think we're at the very early innings and stages of this. And I think when I hear I hate it head of A.I. role I'm looking at somebody that's going to set our direction. How is artificial intelligence going to impact and interact with our customers. How is artificial intelligence going to impact interact with our employees. Putting those strategies together. I mean you're seeing we're at the very early innings in terms of augmenting and making our employee base more productive. But soon it's going to start to change the way that our jobs are done and hopefully it's going to lead to higher level work. But there'll probably be some uncertainty and disruption over the short term like we've seen with large technological advances like this in the past. All right. So when it comes to recruitment are these employees are they getting paid premiums. I mean we just talked about Mark Zuckerberg offering people tens of millions of dollars and things like that. But when we're talking about I'm assuming these are computer engineers and people in that vein are they going to get a premium to go to a company that's looking to build their A.I. strategy or do tech companies do they pay more to hold on to these people. Yeah I mean I think if you're working for a pure play tech company and in artificial intelligence that's going to be a draw for people that really are passionate about working at the bleeding edge of this and being out in front of it. So I think those are going to be a very different group of level of talent that you're going to be getting when it comes to you know more traditional industries like say retail financial services supply chain and logistics. They're also having to pay and they're also having to make sure that they're getting that best in class talent. So I think the best strategy is really around trying to get great strategists in place but also building a bench. This is such a nascent technology that having a pipeline of developing early in career talent can also be really really critical important because you know I remember back in 2009 2010 companies in financial services banking retail were saying we're a technology company. Now all companies are going to be A.I. companies. Right. And so it's really important that your organization understands how to interact with this important technology and make sure you have a clear decisive strategy so you can take advantage.

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