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AI News July 2024

Unlocking AI's Potential

AI Skills Can Increase Your Salary by 30% or More
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AI Skills Can Increase Your Salary by 30% or More

AI Skills Can Increase Your Salary by 30% or More

A recent study by Access Partnership and Amazon Web Services reveals that proficiency in AI can significantly boost salaries across various industries. Surveying 1,340 employers and 3,297 employees in the US, the study highlights how AI is transforming workplaces in sectors like healthcare, education, and financial services. Over 90% of participants anticipate benefits from using generative AI, including time-saving, enhanced creativity, and improved business outcomes.

Workers using ChatGPT have leveraged it for coding, marketing, and educational purposes. About 84% of employees believe that AI skills can positively impact their careers, potentially leading to a 30% or more salary increase. The expected salary jump is highest in IT, at 47%, followed by sales and marketing (38%), and finance and business operations (37%). This increase reflects the enhanced productivity and quality of work AI-skilled employees can bring.

Interestingly, the interest in developing AI skills spans across generations, with a strong inclination among both younger and older workers. The surge in AI skills demand is evident in the job market, with significant listings for AI-related roles across various sectors. Contrary to fears of AI replacing jobs, the study suggests that AI proficiency can actually advance careers.

Insightful Questions
Impact Across Industries: How might the integration of AI skills reshape career paths in industries traditionally less associated with technology, like law or healthcare?

Generational Shift in Skill Development: What could be the implications of both younger and older generations simultaneously pursuing AI proficiency in the workplace?

Future of Employment in AI Era: As AI becomes more integrated into various job roles, what strategies should employees and employers adopt to balance AI use and human skills effectively?

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Source: https://www.businessinsider.com/how-to-get-job-ai-skills-pay-raise-work-2023-12 click to copy
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