Dive Brief:
- Now workers across the globe will have a better idea of their monetary worth with LinkedIn Salary, LinkedIn’s new pay-levels portal. According to ZDNet, LinkedIn Salary gathers and assesses salary information from around the world. People can use the data to find out what similar jobholders are earning at home and abroad.
- LinkedIn wanted to create a global digital map of compensation around the world. Every job is represented digitally, as well as every skill needed to fill it. The portal makes available information on wages, bonuses and various job titles and the factors that determine pay scales for workers, such as industry; job experience; years of education; and company size, location and reputation.
- With Salary, LinkedIn is now competing with Glassdoor, the lead supplier of digital wage and salary data. ZDNet noted, however, that LinkedIn might have an advantage over Glassdoor because it owns its database of job candidates. LinkedIn plans to add more data to Salary so that it can pinpoint places to work, where to get an education and how best to advance.
Dive Insight:
Employees are naturally interested in and curious about pay and how theirs compares with others in similar jobs and industries. Multiple tools have entered the market at the same time just as attention to pay transparency has increased. Employers should be ready to respond to increased calls for such transparency, especially as companies like LinkedIn make the data easier to find and more states continue to pass laws over pay equality.
Anyone may use Salary, but it also offers a premium service that doesn’t require subscribers to input personal salary information like users of the free version.
