AI Skills May Boost Salaries: Latest Report Finds
As Artificial Intelligence (AI) continues to transform workplaces, a new report by Unstop Hiring Kart: Skills & AI 2024 has revealed fascinating insights into the job market. The study highlights the growing recognition of AI-related skills and their impact on career growth and earning potential.
Key Findings at a Glance
- Higher Pay for AI Proficiency: Nearly 70% of HR professionals believe that candidates trained in AI can secure better salaries. Additionally, 89% of Gen Z agree that AI skills are critical for career success.
- Shift Towards Skills-Based Hiring: An overwhelming 93% of HR professionals and 78% of Gen Z feel that traditional degrees are losing their relevance. The report emphasizes the need for educational institutions to update curricula to focus on job readiness.
- Upskilling on the Rise: Gen Z is taking charge of their own growth, with 60% actively pursuing online courses, internships, and competitions to enhance their skills.
The Skills Gap Challenge
The report underscores a significant gap between what colleges prepare students for and what employers expect. Alarmingly, 45% of graduates from Arts, Science, and Commerce fields admitted feeling unprepared for the workforce.
Meanwhile, HR professionals highlighted analytical skills, teamwork, and strategic leadership as the most in-demand but hardest-to-find capabilities. This gap points to the urgent need for structured mentorship and training programs, with 74% of HRs advocating for mentoring to bridge the divide.
What This Means for You
For professionals and students alike, this report serves as a wake-up call. The job market is rapidly evolving, and staying competitive requires a focus on acquiring future-ready skills. Online learning platforms, internships, and workplace mentoring programs are excellent ways to stay ahead.
Employers, on the other hand, must rethink hiring practices by prioritizing skill-based assessments and offering continuous learning opportunities to employees.
The Bigger Picture
This shift away from traditional degrees aligns with global trends in workforce development. Organizations and academic institutions must collaborate to ensure graduates are equipped with both technical and soft skills, keeping pace with the demands of AI-driven industries.
Explore More
For a deeper dive into how AI is reshaping the global job market, check out this report.
