Dive Brief:
- While nearly a quarter of employers say they consider artificial intelligence fluency an unrewarded baseline skill, the majority of workers disagree. More than half of the employees surveyed by compensation software company Payscale said they should earn more for developing AI skills, according to a recent report.
- At the same time, 61% of employers said they’re rewriting job descriptions because of AI, but less than half say their salary structures have kept up with the tech changes.
- More than 4 in 10 companies say they can’t find talent with the AI skills they need, which means they are likely to pay more for workers who do, Payscale said. That creates a potential “retention time bomb” as “current employees who upskill on AI will watch with resentment as new hires command 20% to 40% premiums they aren’t getting.”
Dive Insight:
While 58% of companies said they are already paying premiums for AI skills or planning to do so, 19% are keeping their existing compensation structures and 13% are still evaluating their strategy, Payscale found. Only 8% said AI skills “are irrelevant to compensation.”
“The vast majority recognize that emergent skills demand rewards,” Payscale found.
The tension over compensation has shown up in several recent reports. More than 4 in 10 workers said they think they’re more likely to get a raise by leaving and then rejoining their company than by staying, according to a report from professional services company Marsh. Only 18% said the same in 2024.
That same Marsh report found that just 31% of employees said they thought they would be compensated for upskilling.
Likewise, a Sept. 16 report from consulting firm Robert Half found that 55% of the more than 440 Generation Z workers surveyed said they intended to look for a new job before the end of the year. Among those, 56% said they want better perks and benefits, and half said their career advancement is currently limited.
