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As AI replaces tech roles, salaries in other sectors receive $18,000 boost - The Economic Times
Economic Times
·
3d ago
Medial
A report by Lightcast reveals that, contrary to popular belief, AI adoption is expanding beyond the tech industry. As of 2024, 51% of AI-related job postings are in non-tech sectors. These roles offer salaries about 28% higher, translating to an $18,000 annual increase. Since 2022, AI roles in non-tech industries have surged by 800%. Key sectors with rising AI demand include marketing, human resources, finance, science, and education.
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Some OpenAI engineers make as much as Rs. 6.6 Cr and were key players in Sam Altman's return
Business Insider
·
1y ago
Medial
OpenAI engineers, who threatened to quit over the firing of CEO Sam Altman, are reportedly making up to $800,000 per year. The tech industry is known for high salaries, with AI engineers earning 8-12.5% more than other engineers. OpenAI engineering roles generally pay between $200,000 and $370,000, with some specialized roles offering up to $450,000. Bonuses and stock awards can further boost compensation to around $800,000. The demand for AI talent, coupled with the scarcity of skilled workers, results in companies valuing AI professionals with high salaries and influence.
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Startups spend big on talent, growth-stage firms allocate 68% of revenue to compensation
Economic Times
·
4m ago
Medial
Indian growth-stage startups allocate 68% of their revenue to employee compensation, as per a report by xto10x. This includes salary structures, equity distribution, and incentive models across various sectors. Startups balance hiring top talent with financial sustainability, often using stock option plans to maintain founder equity despite dilution from fundraising. Leadership roles receive higher market-competitive pay, with tech leaders commanding top salaries. Compensation structures evolve with startup growth, integrating performance-linked incentives to drive long-term success.
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Tech salaries in US decline amid record inflation, market turbulence
Economic Times
·
1y ago
Medial
According to a report by AI-driven marketplace Hired, tech salaries in the US have experienced a significant year-over-year decline of 3%. In contrast, salaries in the UK have seen a 4% increase. With the rise of generative AI and tightening corporate budgets, junior talent has experienced the most significant decrease in salaries. Employers have decreased open roles in high-cost-of-living markets and increased roles in low-cost-of-living markets. The demand for experienced engineers with problem-solving skills is high due to the introduction of AI tools and increased cybersecurity challenges.
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Mumbai Leads India’s Fresher Pay Race at INR 4.29 LPA: Report
StartupTalky
·
2m ago
Medial
Mumbai tops fresher salaries in India with an average package of ₹4.29 lakh, according to GetWork's FY25 report. Delhi follows at ₹4.05 lakh. Overall, fresher salaries increased by 3.4% to ₹3.22 lakh, with sales and finance roles offering the highest entry-level pay. Metros like Mumbai and Delhi offer higher compensation due to their economic ecosystems, while cities like Bangalore offer less. GetWork aids recruitment with AI tools for both employers and job seekers.
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A Nobel Prize-winning economist warned students against rushing into STEM to get AI jobs, saying they may sow their 'own seeds of self-destruction'
Business Insider
·
1y ago
Medial
Nobel Prize-winning economist Christopher Pissarides cautioned against the rush into STEM fields for AI jobs, as workers in IT jobs advancing AI may risk making their own roles obsolete in the future. He pointed out that the demand for new IT skills in AI contains the seeds of self-destruction, and emphasized the importance of soft skills like communication and empathy in industries unlikely to be adopted by AI. Pissarides also mentioned the competitive salaries offered by tech and non-tech companies for AI roles.
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Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles
Livemint
·
1y ago
Medial
The rise of artificial intelligence (AI) is changing the job landscape for tech professionals. IT workers who were accustomed to high salaries and strong demand for their skills are now facing a different reality. The mismatch between their skillset and salary expectations is causing difficulties in finding new roles. Jobs in traditional IT sectors are declining, while positions in cybersecurity, AI, and data science are on the rise. Layoffs in the tech sector continue to occur, indicating a challenging job market. Additionally, the growth of automation and AI is expected to lead to fewer IT jobs overall. Consequently, IT workers need to adapt by acquiring AI skills to stay competitive.
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Top earners fear creativity loss in AI era, even as salaries soar: Naukri report
Economic Times
·
16d ago
Medial
According to a report by Naukri.com, 40% of high-earning professionals fear AI could hinder creativity, particularly in creative industries like animation (54%), film (43%), and advertising (41%). Despite these concerns, 86% of Indian job seekers view AI positively, recognizing its role in boosting job opportunities and salaries across various sectors. The demand for AI skills is rising, with notable salary premiums in AI roles compared to non-AI positions. AI job growth is especially prominent beyond traditional IT sectors.
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'Job security is dead...': Viral post exposes grim future for Big Tech employees as firms slash jobs without rehiring
Business Today
·
4m ago
Medial
Job security in Big Tech is rapidly declining due to overhiring and the increasing integration of AI, making several roles redundant. Globally, the job market has worsened over the past two years, with efficient layoffs by companies like Amazon. Economic uncertainties, automation, and outsourcing are major factors contributing to job cuts, impacting mid-tier roles in regions like Latin America and India. Despite this, India's job market appears relatively more stable than other tech hubs worldwide.
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Amazon salary filings reveal Rs 2.3 crore pay for H-1B software engineers - The Economic Times
Economic Times
·
8d ago
Medial
Amazon is offering high salaries up to $263,700 for foreign hires in software engineering and related roles under O-1 and H-1B visas, excluding equity. Despite revealing these substantial base salaries in mandatory filings, Amazon has been reducing its workforce across various divisions, including Amazon Web Services, amid a broader focus on AI. As the H-1B visa becomes less reliable, more professionals are turning to the O-1A visa for U.S. employment opportunities.
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Mid-sized GCCs out-hire larger peers with double-digit growth in first half - The Economic Times
Economic Times
·
4d ago
Medial
Mid-sized global capability centres (GCCs) in India are experiencing faster hiring growth, with a 10–12% increase in the first half of the year, outpacing larger centres. These centres are focused on building new capabilities, offering competitive salaries, and attracting talent in AI and data roles. Despite larger GCCs still dominating in terms of overall workforce, mid-sized centres are aggressively expanding, characterized by high maturity, deep-tech skills, and agility, becoming significant contributors to their parent organisations' strategies.
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