Tuesday, August 15, 2023

g-f(2)1249 The Lighthouse of AI Recruiting Frenzy: Compensation Is a Battleground


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ULTRA-condensed knowledge

Lighthouse of the Big Picture of the Digital Age

The “Positive Disruption: Transformation Revolution” has accelerated

The "Positive Disruption: AI Revolution" has accelerated

The "Positive Disruption: The Personal Digital Transformation (PDT)" is accelerating



genioux Foundational Fact: 

AI is revolutionizing the job market, with the demand for AI talent expected to continue to grow in the future. The rapid rise in demand for AI professionals is driving up salaries and prompting companies across industries to refine their recruitment strategies in order to attract and retain these highly sought-after and selective individuals. As AI continues to shape the future of work, companies are competing fiercely to secure top talent in this field.


g-f Golden Knowledge Foundational Fact is a precious stone of knowledge.

genioux Facts:

AI is having a major impact on the job market, and the demand for AI talent is only going to grow in the future.

The demand for AI talent is rising rapidly, pushing up salaries and prompting companies across industries to refine their pitches to attract and retain these scarce and highly selective professionals.

This lighthouse assembles a block of 10 insightful facts of the golden knowledge article "The $900,000 AI Job Is Here":



g-f(2)1245 The Power of Blocks of Knowledge: How to Learn and Grow with "genioux facts"


genioux Fact 1. American companies are engaging in an AI recruiting frenzy and offering salaries up to $900,000 to attract top talent. A product manager position for a machine-learning platform at Netflix lists a total compensation of up to $900,000 annually. The posting for that job gained attention on social media last month amid the strike of Hollywood actors and writers. An Amazon AI manager role lists a top salary of $340,300. Total comp with bonuses can reach $900k.

genioux Fact 2. Recruiters say they see pay edging up because the available supply of AI practitioners is falling short of demand, particularly for midlevel and higher-level positions.

genioux Fact 3. Compensation is a battleground. Aware that in-demand AI specialists can command several job offers, many companies are dangling salaries in the mid-six figures along with bonuses and stock grants to attract experienced workers, recruiters say. ServiceNow's CEO says AI talent is scarce, expensive and highly selective. Companies need to inspire top people.

genioux Fact 4. AI talent is in high demand across industries like retail, CPG, and financial services in addition to tech companies.

genioux Fact 5. Firms across industries like entertainment and manufacturing are racing to capitalize on AI's potential. Hinge and Upwork are advertising VP of AI roles with base salaries from $260k to $400k. The online-dating platform Hinge, a part of Match Group, is advertising a vice president of artificial intelligence role that comes with a base salary of $332,000 to $398,000 a year.

genioux Fact 6. The demand is pushing up pay for AI professionals, especially at mid and senior levels. A senior manager of applied science and generative AI at Amazon lists a top salary of $340,300.

genioux Fact 7. Companies are refining their pitches to stand out, while some are open to acquiring AI startups for the talent. ServiceNow acquired Element AI in 2020 and recently bought another AI company, G2K. 

genioux Fact 8. Many roles require advanced computer science, math, or statistics skills. Understanding large language models is also useful.

genioux Fact 9. Companies say they may need to train existing employees because of the shortage of mid and senior AI professionals. Some companies, including Accenture, are building their AI expertise through individual hires and internal training programs.

genioux Fact 10. Not all positions pay as handsomely. A prompt engineer, an increasingly common role, has an average total compensation of about $130,000 annually, according to Willis Towers Watson, which conducts pay surveys among employers. A machine-learning product engineer job comes with an average total compensation of $143,589, according to WTW.


My three brilliant AI assistants, Bard, Bing Chatbot and Claude were asked to create a table of AI salaries in America.


REFERENCES





ABOUT THE AUTHORS



Chip Cutter


Chip Cutter is a reporter covering workplace, management and leadership issues in The Wall Street Journal's corporate bureau in New York.

His stories often explore how work is changing today. He writes frequently on return-to-office efforts, hybrid work and related challenges in the pandemic. His features also explore a range of corporate governance, C-suite issues and broader workplace trends.

Chip joined the Journal from LinkedIn, where he was a managing editor, helping oversee the original news and commentary on the site. While at LinkedIn, Chip won a Society for Advancing Business Editing and Writing (Sabew) award for his coverage of national labor issues. Chip began his career as a business reporter at the Associated Press.



Extra-condensed knowledge


Bard's Table of AI Salaries in America




Sure, I can do that. Here is a table of AI salaries in America, according to Glassdoor:


Job Title

Average Salary (USD)

Machine Learning Engineer

$148,243

Data Scientist

$138,195

Artificial Intelligence Engineer

$136,165

AI Research Scientist

$129,098

AI Architect

$125,864

AI Product Manager

$119,413

AI Software Engineer

$116,788

AI Engineer

$113,992

AI Manager

$113,121

AI Developer

$109,062


Please note that these are just average salaries and the actual salary you can expect to earn will vary depending on your experience, skills, and location.

Here are some additional factors that can affect the salary for an AI job:

  • The size and industry of the company.
  • The location of the job.
  • The level of responsibility and experience required for the job.
  • The demand for AI talent in the area.

I hope this helps!



Bing Chatbot's Table of AI Salaries in America




Here is a table of AI salaries in America based on the information I found:

CompanyPositionSalary Range (USD)
NetflixMachine-learning platform product manager$300,000 - $900,0001
AmazonSenior manager in applied science and generative AIUp to $340,3001
WalmartDirector of retail media AIUp to $288,0001
GoogleLawyer specializing in AIUp to $351,0001
Goldman SachsVice president of applied AIUp to $250,0001
Goldman SachsSenior AI engineerUp to $240,0001
Goldman SachsConversational AI data scientistUp to $190,0001


These are just a few examples of the high salaries being offered by companies for top talent in the field of AI. The demand for AI professionals is rising rapidly, pushing up salaries and prompting companies across industries to refine their pitches to attract and retain these scarce and highly selective professionals. 😊


Learn more:



Claude's Table of AI Salaries in America




RoleCompanyBase Salary Range
Vice President of AIHinge$332,000 - $398,000
Vice President of AI and Machine LearningUpwork$260,000 - $437,000
Senior Manager, Applied Science and Generative AIAmazonUp to $340,300
Advanced AI Research ScientistAccenture$131,100 - $338,300
Conversational AI Team MemberWalmart$168,000 - $252,000
AI EngineerProcter & Gamble$110,000 - $132,000
AI EngineerGoldman Sachs$150,000 - $250,000
Prompt EngineerIndustry Average~$130,000 total comp
Machine Learning Product EngineerIndustry Average~$143,589 total comp




g-f(2)1249: The Juice of Golden Knowledge







Some relevant characteristics of this "genioux Fact"

  • BREAKING KNOWLEDGE
  • Category 2: The Big Picture of the Digital Age
    • The Lighthouse of the Big Picture of the Digital Age
      • The "Positive Disruption: AI Revolution" has accelerated
    • The internal title
      • The Lighthouse of AI Recruiting Frenzy: Compensation Is a Battleground
  • [genioux fact deduced or extracted from geniouxfacts + WSJ + Bard + Bing Chatbot + Claude]
  • This is a “genioux fact fast solution.”
  • Tag "GkPath" highway
    • GKPath is the highway where there is no speed limit to grow. 
    • GkPath is paved with blocks of GK.
    • "genioux facts", the online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, builds The Golden Knowledge Path (GKPath) digital freeway to accelerate everyone's success in the digital age.
  • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
  • Type of validity of the "genioux fact". 

  • Inherited from sources + Supported by the knowledge of one or more experts.



References



“genioux facts”: The online programme on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)1249, Fernando Machuca, August 15, 2023, Genioux.com Corporation.






ABOUT THE AUTHORS


PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a nondisruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts"The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.

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