Challenges of Hiring Data Scientists?
Data Scientist: The most promising Job of the 21st century
Virtually every sector of the economy now has access to more data than would have been imaginable even a decade ago. Businesses today are accumulating new data at a rate that exceeds their capacity to extract value from it. The field of data science is emerging at the intersection of the fields of social science and statistics, information and computer science, and design.
Rare Expertise, Growing popularity: Understand the Market
The biggest reason it’s so hard to find data scientists is simple supply and demand. A candidate with expertise across mathematics, code, and business is difficult to find, the demand is sky high resulting in a massive shortage of potential talent.
High Attrition: Attract and Retain the Right Talent
Outside of typical concerns like salary, vacation, and benefits, the thing that data scientists care about the most is what they’ll actually be working on:
- Interesting and diverse data
- Tough problems that no one else has solved
- Working with established data scientists
- The overall impact of their work
- Why this is a rare opportunity?