"About half of the surveyed companies paying premiums for employees with AI skills had no revenue in the past year, and a majority (71%) had no profit."
"The report showed that data scientists and analysts with machine learning skills tend to receive a higher premium than software engineers with the same skills."
"Smaller firms need to stand out and be competitive among Big Tech giants, a likely driver behind the pricey recruitment tactic."
"Some Big Tech companies have also recently made headlines for their sky-high recruitment incentives, such as Meta trying to poach employees with $100 million signing bonuses."
Tech companies are significantly raising salaries and bonuses to attract talent with AI skills. A report from J. Thelander Consulting revealed premiums of up to $200,000 for data scientists specializing in machine learning. Bonuses are also increasing for lower-level software engineers and analysts. Many smaller firms, lacking revenue or profit, are using these high payouts as a strategy to compete against larger tech companies. Recently, even major players like Meta have become involved by offering substantial recruitment incentives.
Read at Business Insider
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