India Inc, not just IT, dangles big bucks for AI specialists. But is it all hype?
₹40 lakh for them, which is higher than what a middle-manager gets in these banks," said Upasana Agarwal, partner for professional and financial services at ABC Consultants, an executive search and talent advisory firm. “Their job role will include working with banking domain leaders to train the younger workforce on AI modules." According to Vijay Sivaram, chief executive of Quess IT Staffing, there has been a 30-35% increase in hiring mandates for AI-skilled engineers across sectors over the past year-and-half. Some of the growing demand for AI-skilled employees may be fuelled by market hype, say recruiters.
“Just after the pandemic, fullstack engineers who were just graduates saw their salaries jump from ₹8 lakh to ₹25 lakh. Now, for AI, a similar demand is building up since all firms across sectors want to establish that they have AI-skilled employees on board," said Satish Manne, partner at recruitment firm Xpheno. Non-IT companies in the digital content realm, according to him, are prepared to offer as much as ₹60 lakh to AI specialists with four-five years of work experience.
That said, it’s tough finding employees trained in AI and also having experience in data science, coding, and product management. Another crucial criteria, Manne said, is the need to have a grasp on the complexities of “ethics" in AI. Understanding ethics in AI involves recognizing the implications of prompts on outcomes that extend beyond mere data.
The demand for AI training is particularly strong in the IT sector, one of the largest consumers of digital skills. Investing heavily in training modules, the sector anticipates improved bottom lines from this upskilling. Generative AI, or GenAI, technologies, which produce content in the form of
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