Want a pay bump? Learn how to use AI. Here's how much the skill could be worth based on your job.

Employers anticipate their workers to receive at least a 30% pay bump if they know how to use AI, a new study suggests.

Frank Rumpenhorst/picture alliance via Getty Images

• Knowing how to use AI can help workers land a higher salary, a recent study suggests. 
• Employers said they expect workers with AI skills to receive at least a 30% pay bump.
• Workers in IT, sales and marketing, and operations are expected to receive the highest pay bumps. 

If your annual review is coming up, flexing your AI skills could be what helps you get that higher salary, a recent study suggests.

Access Partnership, a tech consultancy, partnered with Amazon Web Services to survey 1,340 employers and 3,297 employees across the US in industries like healthcare, education, and financial services to gauge how AI is transforming the workplace.

More than 90% of employers and employees surveyed said they expect to benefit from using generative AI as a way to save time, boost creativity, and improve business outcomes.

Since OpenAI's ChatGPT came out in November 2022, workers across industries have used the AI chatbot to develop code, generate marketing materials, and write lesson plans.

In turn, 84% of employees surveyed said that acquiring AI skills could lead to positive impacts on their careers — one of which is higher pay.

Employers, according to the research, estimate that workers who know how to use AI could see their paychecks jump by 30% or more depending on their department.

Employers expect workers in the IT department with AI expertise to receive a 47% salary increase when compared to people without the skills — the highest bump among all departments. Sales and marketing teams fluent in AI are expected to see their salaries rise by 38%, followed by a 37% pay jump for those in finance and business operations; a 31% increase across the legal, regulatory, and compliance; and a 30% bump across human resources.

"Employers anticipate that workers with AI skills will be able to drive additional productivity and higher-quality work, which would command a salary increase," researchers wrote in the study.

Salary bumps don't appear to be limited to the youngest, most tech-savvy workers. While more than 80% of younger employees — including Gen Zers and millennials — expressed an interest in developing their AI skills, more than 65% of baby boomers and Gen Xers said they are keen on picking up AI skills as well.

"As organizations experience this lift in productivity across departments, employers are keen to reward their top contributing employees," the researchers wrote.

AWS and Access Partnership didn't immediately respond to Business Insider's request for comment before publication.

The findings on the AI skills premium comes as companies big and small ramp up their efforts to hire generative AI talent.

As of September, there have been 10,113 listings for AI-related jobs like data scientists, machine learning engineers, and curriculum writers this year, according to a recent study from research firm Lightcast.

Meta, Amazon, and Capital One were among the employers with the most job listings — some offering salaries that exceed $200,000 a year — referencing generative AI, according to Lightcast. Companies in healthcare, law, and HR have also looked to fill roles — many of which listed salaries well over $100,000 — with employers who can build internal AI tools or apply AI to their workflows. Some are even hiring employees with ChatGPT expertise.

While some employees worry that AI will take their jobs, the latest findings on skills-based salary bumps suggest otherwise. After all, some business leaders say AI can help workers get ahead in their careers.

"AI won't take your job," economist Richard Baldwin said during the 2023 World Economic Forum's Growth Summit. "It's somebody using AI that will take your job." 

Read the original article on Business Insider

from Business Insider https://ift.tt/d0Eh5qy
via IFTTT