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- 🎉 AI could boost your salary BIG TIME
🎉 AI could boost your salary BIG TIME
Read time: 2.5 minutes
Good Afternoon Party People! 🎉
ICYMI - A company extended an interview process to 8 steps. And they used candidates for tons of free work.
In our poll, 88% stated that they believe that this is wrong. 12% believe it’s not a big deal.
Here’s what a few of you had to say…
“A job should have a MAX two interviews UNLESS it's a C-level position, OR something very specialized that usually does more interviews.”
“As an HR Pro, this is absurd! Not only are they taking advantage candidates, they are clearly wasting their time too. Hard pass.”
PARTY PLAN 🎉
💸 Earn more with AI?
👨💻 Do you want to be a CEO?
🤹🏼 Skill-based hiring
And, of course, MEMES!
MEME OF THE DAY
Simple, but not easy
PAY
AI Could Boost Your Salary
According to last week’s report from Indeed, job seekers hitting the market with AI skills are securing salaries 47% higher than competitors without AI skills.
And no, using the free version of ChatGPT doesn’t count.
Generative AI topped Indeed’s list of highest-paying tech skills over deep learning, computer vision, and knowledge of specific software languages like PyTorch and Rust.
″Half of the highest-paid skills in tech are AI-specific, which suggests that job seekers with AI skills can stand out in a competitive job market, and potentially earn more than their counterparts.”
Employers in the US had roughly 400k active tech job postings in January across multiple sectors, according to CompTIA data. Experts say the scarcity of AI-related tech skills available in the market is causing a rift between talent demand and supply.
Below is a table of the highest-paid skills in tech:
Skill Name | Skill Description | Avg Salary Potential |
Generative AI | Generative artificial intelligence is artificial intelligence capable of generating text, images or other data using generative models, often in response to prompts. | $174,727 |
SoC | System-on-chip is an integrated circuit that integrates most or all components of a computer or other electronic system. | $174,564 |
Deep learning | Deep learning is the subset of machine learning methods based on artificial neural networks with representation learning. | $170,939 |
Torch | Torch is an open-source machine learning library, a scientific computing framework, and a scripting language based on Lua. | $169,874 |
PyTorch | PyTorch is a machine learning framework based on the Torch library, used for applications such as computer vision and natural language processing, originally developed by Meta AI and now part of the Linux Foundation umbrella. | $168,636 |
Computer Vision | Computer vision is a field of computer science that focuses on enabling computers to identify and understand objects and people in images and videos. | $166,873 |
For workers looking to transition into a new career and learn new skills in 2024, gen AI is the golden ticket!
Apple, TikTok, Amazon, and Lockheed Martin, are some of the companies looking for workers with skills from this list 👀
WORKPLACE
Would You Want to be a CEO?!
According to a survey from Empower, only 3 in 10 workers aspire to C-Suite roles.
Ambition is near an all-time low for workers in the US, at least in terms of their responsibilities at work.
So no one wants to be a CEO anymore?!
Not surprisingly, money is the number one factor for job satisfaction with 67% listing it above job title/recognition, loyalty, and taking on challenging projects.
Ideal scenario for most employees:
Pay 📈
Everything else 🤷
38% of people believe they don’t get paid enough to go “above and beyond” what’s in their job description. Another 23% said nothing will motivate them to work harder. 31% said they don’t want their job description to change, even if it means sacrificing a promotion or raise!
Do you have aspirations to join the C-Suite? |
HIRING
Dropping College Requirements? Or Not…
Skill-based hiring has been a hot topic in the labor market over the last 12 months. Lots of companies announced that they’d be dropping degree requirements and only hiring candidates based on the skills they bring to the table.
All sounds pretty good! But no one is actually committing to it…
According to a report earlier this month from The Burning Glass Institute and Harvard Business School, 45% of companies that announced policy changes in favor of skill-based hiring have done so in name only.
“The skills-based hiring movement has gained momentum, as more and more employers committed to stripping degree requirements from their postings, replacing the proxy of a college degree with actual evaluations of candidate skill. An initial flurry of high-profile pronouncements by private-sector and government employers alike has become a blizzard. But do these proclamations result in a real increase in access for workers?”
Out of 77 million new hires in 2023, only about 97,000 opportunities were created from policy changes regarding degree requirements - fewer than 1 in 700.
45% of companies that announced changes in favor of skill-based hiring haven’t made any real changes in hiring practices.
The other 18% of companies made short-term changes in hiring practices then went away from it.
Lame.
PARTY FAVORS 🎉
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“Where’s the company loyalty these days?!” 🤣
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