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AI skills command highest salaries in IT as employers futureproof roles

by Benefits Expert
14/05/2024
AI skills command highest salaries in IT as employers futureproof roles
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Almost all of the highest paying jobs in information technology (IT) have made AI skills a must have, according to a study of 5,301 live IT job vacancies in April 2024.

Analysis of the vacancies, advertised on recruitment platform Indeed, revealed that 97 percent of IT posts with salaries above £100,000 demand AI skills as a core requirement.

Researchers, from Thomson Reuters who conducted the study, said that the number of specialist AI roles are increasing as employers futureproof their technology departments.

They study also found a wide range of new specialist roles being advertised including director of AI and products, generative AI solutions architect and machine learning engineer.  

More than a quarter (28 percent) of all IT job openings now require AI skills in either their job title or within their primary requirement, with demand for these skill sets increasing in the higher salary brackets.  

Skill premium

In October 2023, research from Oxford University and the University of Copenhagen found that having AI skills allows workers to add an average 21 percent skill premium to their salary. 

Mary Alice Vuicic, chief people officer at Thomson Reuters, said: “Across corporates and the professions, the demand for AI talent is continuing to accelerate at a remarkable pace. 

“Companies are now required to not just embrace change, but to actively participate in shaping and directing it,” she said. “As companies begin to implement these emerging technologies, they’re investing in the right talent to lead that process.” 

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However, she added that employers also need to build trust across their teams to ensure their whole organisation is onboard with their AI transformation. This includes fostering understanding and knowledge of AI, its impact on the workplace, and highlighting the benefits of AI. 

“This will help provide a supportive and effective environment for AI learning and adoption across organisations.” 

The findings were released as the company published its 2024 Generative AI in Professional Services report. This report said that 54 percent of professionals in corporations, law and accounting firms and government organisations believe GenAI should be applied to their work, while just 16 percent said it should not. 

“By removing the more repetitive and administrative elements of certain jobs, AI presents the opportunity to boost productivity for high-skilled workers as they can focus on more valuable tasks. Bringing in the right expertise is crucial to ensure this implementation can be scaled smoothly to all parts of the business, and existing staff can receive appropriate training and skills development,” Vuicic added.   

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Benefits Unboxed

The podcast from Benefits Expert, the title for HR, reward and benefits professionals.

Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.

The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
byBenefits Expert from Definite Article Media

As the professionals responsible for helping their organisations navigate NI hikes, rising employee stress levels and looming redundancies, the pressure on HR, reward and benefits teams has never been greater. 

HR is expected to lead with strength and compassion. But who is supporting the supporters?

In this episode of Benefits Unboxed, co-hosts Claire Churchard, Carole Goldsmith and Steve Herbert explore the emotional and ethical pressures HR face today, from managing redundancies to implementing complex legislation. They discuss why HR’s own wellbeing may not be the first topic of conversation, the risks that poses to employers, and the practical steps businesses can take to better support the wellbeing of the people who support everyone else.

This conversation shines a light on the resilience of the profession and why looking after HR is not just the right thing to do, but a business imperative.

Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
Benefits Unboxed – Wellbeing: HR is supporting everyone, but who’s supporting HR?
22/05/2025
Benefits Expert from Definite Article Media
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