Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingOne-fourth of American financial institutions are linking salary increases, bonuses, or promotions to employees’ AI skills.
According to a survey conducted by recruitment agency Selby Jennings among 500 human resources professionals in the financial industry, one-fourth of American financial institutions currently link salary adjustments, bonus payments, and promotions to employees’ AI skills.
Key findings:
- Approximately 25% of the surveyed financial institutions associate salary changes, bonus distributions, and job promotions with employees’ AI proficiency.
- About 30% of companies require employees to report their use of AI tools during formal performance evaluations.
- Recruitment experts expect that regulations related to AI-driven compensation will become clearer next year.
Details of the survey:
The survey revealed that another 30% of the companies surveyed require employees to report their use of AI tools during formal performance evaluations. Additionally, 42% of companies have established formal evaluation criteria to measure employees’ AI skills. Another 30% of companies have created specialized positions or departments to demonstrate that their AI investments are indeed yielding tangible results.
This survey was conducted by Censuswide from August 19th to August 26th for recruitment agencies. The results indicate that the financial services industry is actively seeking to ensure that AI investments generate real benefits.
Jacob Summers, the technology recruitment manager at Selby Jennings, noted that this practice is more common in fintech companies and startups compared to large, well-known banks and trading firms. In recruitment decisions, AI skills now carry almost four times more importance than applicants’ educational qualifications.
The focus of management has shifted.
Dylan Gomez, executive director at Selby Jennings, said that companies have gone beyond simply checking whether employees use AI tools. Now, companies are more concerned with the impact of these tools on productivity and business outcomes. Although no specific formula has been established yet to determine the relationship between compensation and the use of AI along with performance, Gomez expects that this relationship will be clarified next year.
In many organizations, it is managers who are responsible for overseeing this process. Ben Hodzic, managing director of the company, said that a year ago, most companies did not track such data. Now, companies want to continue to have evidence to show that their investments in AI are yielding results.
For many human resources teams, screening new talent remains challenging. Half of the respondents said that the proportion of candidates whose qualifications were insufficient during the past year increased. 31% of the respondents said that no one within the company could confidently assess the suitability of candidates for AI roles.
Comparison of PwC AI survey results
Earlier this year, PwC conducted a larger survey of 1,000 senior executives in the financial services industry in the United States. The survey found that 58% of executives plan to link compensation directly to AI-driven productivity. 86% of executives believe that training new employees in AI is more valuable than obtaining an MBA degree. More than 90% of respondents said that they have begun to offer higher salaries to employees with AI skills. Approximately 61% of respondents said that they will also provide additional performance-based incentives to these employees.
The same survey also revealed that companies are taking steps to streamline their workforce structures. Nearly 80% of companies expect the number of employees to decrease by at least 20% within the next five years. Thirty percent of companies identified entry-level positions as being most affected by AI, making them the most vulnerable areas.
