AI-perts Employers Are Willing to Shell Out Big Bucks for Finance Gurus with Artificial Intelligence Know-How, According to New Research
Employers Willing to Pay Top Dollar for Financial Experts with AI Knowledge, New Study Reveals
<!– 
Finance Departments Will Pay Up for AI Skills
A recent survey conducted by Access Partnership and Amazon Web Services (AWS) has revealed some interesting findings about the value of AI skills in various departments. On average, employers are willing to pay a whopping 42% more to employees in their finance departments who possess AI expertise. But it doesn’t stop there, folks! Employers are also shelling out an average of 47% more for IT workers with AI skills, 43% more for sales and marketing workers, 41% more for those in business operations, 37% more for legal, regulatory, and compliance staff, and 35% more for employees in human resources. It seems like having AI skills is like having a golden ticket!
But why are employers willing to break the bank for AI-savvy employees? Well, according to the survey, employers believe that fully utilizing AI could boost productivity by a staggering 47%. However, employees have slightly more modest expectations, putting the figure at 41%. Either way, it’s clear that the wage premium is closely tied to the potential gains in productivity.
Who could have predicted that the rise of AI would create such a demand for skilled workers? Jenni Troutman, the director of products and services at AWS Training and Certification, certainly saw it coming. She emphasized that organizations and individuals who invest in AI skills training are better equipped to keep up with innovation. After all, generative AI is no different; it’s a game-changer.
CFOs Struggle to Find AI Talent
While the potential benefits of AI skills are clear, CFOs have their fair share of concerns. According to Deloitte’s Q3 2023 CFO Signals survey, a whopping 63% of finance chiefs see talent resources and capabilities as the biggest barriers to adopting generative AI. It’s like trying to find a needle in a haystack, or in this case, finding a skilled AI expert in a sea of talent scarcity.
- Single-Premium Insurance Cover Yourself in Cash and Count Sheep Wor...
- The Triple Shield Safeguarding Your Retirement from the Sneaky Sequ...
- United Nigeria Airlines: Pilots Taking Unexpected Detours in the Sky!
But fear not, my finance friends! Andrew McAfee, a principal research scientist at MIT, assures us that generative AI will separate the winners from the losers. In fact, he believes that it will turbocharge the winners faster than we could have ever imagined. So buckle up and get ready for the AI revolution!
The Future of Generative AI
According to another insightful survey, more than 93% of employers and 86% of employees expect to use generative AI within the next five years. It’s no surprise, really. The tech holds immense potential to increase innovation and creativity, automate repetitive tasks, and boost learning. In other words, generative AI is like a Swiss Army knife for businesses, and everyone wants to get their hands on it.
It’s clear that upskilling in AI will be on many to-do lists in 2024, and for a good reason. The survey by Access Partnership and AWS has shown that AI skills can make a real difference in the financial realm and beyond. So, whether you’re a finance guru or a tech enthusiast, it’s time to embrace the AI wave and ride it to success!
For more finance updates and exciting news, check out this article.
Author: Sheryl Estrada
Leaderboard
The finance world is abuzz with some recent appointments to the top positions in major corporations:
-
Kris Corbett has been named CFO at New Mountain Finance Corporation, the publicly traded credit BDC arm of New Mountain Capital. Talk about a big promotion! Kris comes from Blackstone Credit, where he had a heck of a run as the SVP, controller, and treasurer. Before that, he showed off his financial skills as a managing director at Perella Weinberg Partners.
-
Anastasiya “Stasy” Pasterick has taken on the role of CFO at Universal Hydrogen Co., starting in December. Stasy brings her wealth of experience from her time at Nikola Corp., where she served as CFO. This is her chance to show the world what she’s made of!
Curious about other finance movers and shakers? Check out this exciting piece for more details.
Big Deal
A new report released by Icertis titled “The Future of Generative AI: C-Suite Perspectives for 2024 and Beyond” sheds light on the exciting world of generative AI. The report is based on a survey of 500 senior executives from businesses in the United States and United Kingdom. Here’s what the report uncovered:
-
When it comes to deploying generative AI, 51% of respondents plan to engage with new vendors, 58% plan to leverage existing relationships, and 51% aim to utilize in-house IT resources. It seems like everyone wants a piece of the generative AI pie!
-
When choosing an external provider, executives consider data security strategy, privacy policies and ethics, and, of course, cost. After all, who doesn’t love a good bang for their buck?
If you’re hungry for more juicy details from the report, make sure to devour this article.
Going Deeper
A new report called “Women on the Front Line: Enabling Them to Thrive, Stay, and Perform” has been released by Catalyst in partnership with Accenture. This report provides a roadmap for improving working conditions for women and offers practical guidance. One recommendation is to create and clarify growth opportunities for women within companies. It’s all about empowering women to reach their full potential!
Interested in learning more about the report’s insights? Find all the details here.
Overheard
“I tell my clients that they would benefit from adopting a flexible approach to RTO mandates. A one-size-fits-all policy may not only lead to legal repercussions but also overlook the diverse needs of a modern workforce.” – Gleb Tsipursky, Ph.D., CEO of Disaster Avoidance Experts
Gleb Tsipursky is reminding employers that enforcing rigid return-to-office (RTO) mandates could lead to a legal storm and a major headache. His advice? Embrace flexibility and cater to the diverse needs of your workforce. It’s the smarter approach!
If you want to dive deeper into this topic, check out this thought-provoking opinion piece by Gleb Tsipursky himself.
Stay tuned for more intriguing finance news and updates. And remember, the AI revolution is here, and it’s time to ride the wave to success!
