According to LinkedIn, salaries are a sensitive topic to talk about at work and is a hard thing to find information on by people on the web. To combat that, the company has launched ‘LinkedIn Salary’ that is aimed to ‘help professionals around the world’ in making better career decisions – increasing earning potential.
“With LinkedIn Salary, we’ve tapped into our network of more than 460+ million members to provide deep insights into the compensation landscape. This includes salary, bonus, and equity data for specific job titles, and the different factors that impact pay such as years of experience, industry, company size, location, and education level – all of which becomes critical knowledge as you navigate your career,” said LinkedIn in a blog post.
The company has said that salary and bonus information is encrypted and kept private.
LinkedIn, which calls itself the social network for professionals, is adding a service that provides members with pay information for a variety of jobs. It’s based on anonymized data submitted by LinkedIn members, including details about base pay and other compensation, such as bonuses and stock grants.
LinkedIn’s new ‘salary’ service comes just weeks after Glassdoor (another online job site), introduced a feature that promises to help workers determine their “personal market value” by comparing their current job title, salary and related information with data from other workers and current hiring trends.
LinkedIn has recently signed an agreement with the Indian HRD (Human Resource Development) ministry in order to help create more job opportunities for Indian students. LinkedIn’s ‘Placement’ platform will be adopted by all AICTE (All India Council for Technical Education) affiliated colleges, and claims to provide a level-playing field for all students.