Looking For A Big Pay Hike? AI Could Be The Secret Sauce For Increasing Your Salary In India

Last Updated: March 20, 2024, 12:10 IST

Delhi, India

When artificial intelligence (AI) is fully harnessed, Indian workers with AI skills and expertise could see salary hikes of more than 54 percent, with workers in IT (65 percent), and research and development (62 percent) enjoying the highest pay increases, a new report said on Tuesday.

According to Amazon Web Services (AWS), 97 percent of workers in India expect their AI skills to have a positive impact on their careers, including increased job efficiency and career advancement.

“From financial services to construction and retail, industries are embracing AI at a rapid pace, which is why an AI-skilled workforce is essential to unleashing a culture of innovation and driving productivity in India,” said Amit Mehta, Head of AWS Training and Certification, AWS India.

The report surveyed over 1,600 workers and 500 employers in India.

Moreover, the report mentioned that 95 percent of Indian workers indicated a keen interest in developing AI skills to accelerate their careers.

About 95 percent of Gen Z, 96 percent of Millennials, and 93 percent of Gen X workers want to acquire AI skills, while 90 percent of baby boomers said that they would enroll in an AI upskilling course if it was offered.

Further, the report said that employers expect their organisation’s productivity to increase by 68 percent as AI technology automates repetitive tasks (71 percent), encourages learning of new skills (68 percent), and improves workflow and outcomes (64 percent).

Workers believe AI could raise their efficiency by as much as 66 percent and also keep them future-ready, in case, the companies decide to rely on workforce that is AI skilled.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed - IANS)