Adding AI Skills to Your Resume Can Boost Your Salary: Study
Share this @internewscast.com

It pays to have AI skills — nearly $20,000 more per year on average.

A recent analysis by the job insight platform LightCast examined over a billion job postings, revealing that companies are actively seeking employees with AI expertise and are offering higher salaries for these skills.

“Employers are increasingly highlighting AI abilities in job ads and are willing to offer higher pay for them,” stated LightCast’s Head of Global Research, Elena Magrini, in an interview with CNBC.

The research indicated that positions requiring AI knowledge commanded salaries 28% higher, approximately $18,000 more, than those without AI requirements. Jobs asking for two or more AI skills saw a 43% salary increase.

The most significant pay disparities between employees with and without AI skills were observed in customer support, sales, and manufacturing fields.

LightCast identified over 300 AI-related skills, ranging from generative AI and AI ethics to robotics and autonomous driving. However, the most frequently requested AI skills were two widely-used ones: ChatGPT and Microsoft Copilot.

Unexpectedly, non-technical fields sought AI skills more than technical ones, as noted in LightCast’s findings. Since the introduction of ChatGPT in November 2022, the demand for generative AI skills in non-technical positions soared by 800%.

A recent report from The Wall Street Journal found that entry-level college graduates are getting six- or seven-figure salaries right out of school because of their proficiency with AI. Databricks, a data analytics firm, is planning to hire triple the number of recent graduates this year compared to last year because of these young workers’ ability to use AI, the company told The Journal.

While learning AI may give workers a boost in salary negotiations, the technology also has the potential to replace entry-level employees. A Stanford University study released last week found that AI-impacted jobs, like software developers, customer service representatives, and accountants, saw employment for workers ages 22 to 25 decline by 13% over the past three years.

“There’s definitely evidence that AI is beginning to have a big effect,” the study’s first author and Stanford Professor Erik Brynjolfsson told Axios about the report.

It pays to have AI skills — nearly $20,000 more per year on average.

A recent study conducted by the job insight website LightCast analyzed over a billion job postings and found that employers are not only looking for workers with AI skills — they are also paying them more.

“Job postings are increasingly emphasizing AI skills, and there are signals that employers are willing to pay premium salaries for them,” LightCast’s Head of Global Research Elena Magrini told CNBC.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Share this @internewscast.com
You May Also Like

Nine Financial Gurus Share Their Personal Strategies for Safeguarding Wealth in a Market Downturn—and How You Can Apply Them

As concerns about a potential stock market crash persist, many are left…

Ford Secures £4.6 Billion Pension Buyout with Legal & General: A New Era in UK Retirement Solutions

Stay updated with complimentary updates! Legal & General has secured a substantial…

Experience the Future: How Viture’s Smart Glasses Outshine Meta’s Latest Tech Demo

Stepping into the future of personal entertainment, video display glasses have finally…

Disneyland Paris Profit Plunge: The Untold Impact of a 30-Year-Old Agreement

Disneyland Paris recently announced a significant dip in its net profits, reporting…

Former Phillies Draft Pick and Pitcher John Morris Passes Away at 75

John Morris, who once pitched for major league teams including the Philadelphia…

Transforming Education in England: Unveiling the Future of Learning

Unlock the Editor’s Digest for free The author led a panel assessing…

Global Stock Markets Surge Amid Renewed US-China Trade Optimism

Access the Editor’s Digest at no cost Global financial markets have experienced…

Celtics Reflect on Key Insights Gained from Hugo Gonzalez’s Historic Performance

Detroit — Hugo Gonzalez made history at Little Caesars Arena on Sunday…