Survey: How AI Is Transforming the Engineering Workforce in Financial Services
- Jonathan H. Westover, PhD
- 16 hours ago
- 1 min read
As AI reshapes how engineers work, it’s also rewriting how companies hire them.
Karat’s new report, AI Workforce Transformation Report for Financial Services, leverages a survey of 400 engineering leaders, including 300 SVPs and C-level executives, and examines how AI is changing engineering productivity, talent strategy, and hiring confidence in regulated enterprises:
71% of US engineering leaders say it is difficult to accurately assess the skills needed to capitalize on new AI developments.
Confidence that the right candidates are receiving offers dropped from 68% to 47% in a single year.
Companies relying solely on non‑human assessments like online code tests and take‑home projects expect smaller AI benefits than those using human + AI interviews, prompting many to rethink these tools.
These shifts are forcing HR leaders to rethink skill validation faster than any prior technological shift. Tech companies are already adapting, allowing AI use in interviews and training hiring managers to assess AI-native skills. But most enterprises haven’t updated their workforce playbooks.
The takeaway: The future of hiring is human + AI collaboration, not replacement.
