LINKEDIN, GLASSDOOR ADD TOOLS TO REVEAL YOUR PAY POTENTIAL

SAN FRANCISCO (AP) — Money isn’t everything, but it counts for a lot at work. That’s why work-related websites like LinkedIn and Glassdoor are adding new online tools to help professionals understand their salary potential. 

LinkedIn, which calls itself the social network for professionals, is adding a service that provides members with pay information for a variety of jobs, including a break-down by such factors as location, industry, education and experience. It’s based on anonymized data submitted by LinkedIn members, including details about base pay and other compensation, such as bonuses and stock grants.

The new service comes two weeks after Glassdoor, a competing 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.

Glassdoor’s site already showed information about median salaries and perks, along with employees’ reviews of what it’s like to work at various companies. It says the new feature can be useful for job-seekers as well as workers who might want to negotiate a raise from their current employer.

Both new services are free and promise to go beyond more generic salary tools – offered by job sites like Indeed, PayScale.com and Salary.com – by combining sophisticated computer analysis with the most up-to-date information gleaned from workers, labor reports and other sources.

While LinkedIn officially announced its service Wednesday, spokesman Dan Shapero said the company has been quietly inviting some members to contribute their compensation data in recent months. The “LinkedIn Salary” feature is launching with data from 1 million professionals in the United States, Canada and the United Kingdom. LinkedIn may not have data for every job, Shapero acknowledged, but he predicted the service will improve as more people participate.

LinkedIn Inc., based in Mountain View, California, may add more kinds of information in the future, he added, such as suggestions about particular skills that can boost salaries in a particular occupation. LinkedIn recently began offering training suggestions for workers, based on their current jobs or career track, which tie into the online courses offered by its Lynda.com subsidiary.

Both LinkedIn and Mill Valley, California-based Glassdoor, Inc. promise to keep individual users’ pay data confidential. But spokesmen wouldn’t rule out the possibility of the companies making money in the future by aggregating the information – in a way that keeps individuals anonymous – and selling it to employers who might find it useful to calculate pay scales or salary offers.

While both companies promote their website as a useful service for workers, they make money by selling job listings and hiring tools to employers and recruiters. So each company wants to offer helpful features that keep workers coming back to their sites.

LinkedIn recently agreed to be acquired for $26 billion by Microsoft, which wants to augment its own commercial software – including email and calendars used by workers, as well as management and corporate sales programs used by employers – by incorporating LinkedIn’s extensive database of professionals and their resumes.

9 Comments

1. cheap dissertation

   November 4, 2016 at 12:05 AM

   It’s great to have the capacity to discover what others in your calling make somewhere else. The main way the vast majority get a raise any longer is to stop and land another position, so this data is fitting and should be accessible.

   Reply
2. free msp vip

   January 17, 2017 at 4:07 AM

   Play msp app that helps you generate free , unlimited star coins and diamonds to unlock higher levels .

   Reply
3. Coursework Labs

   March 2, 2017 at 9:22 PM

   It’s awesome to have the ability to find what others in your calling make elsewhere. The principle way most by far get a raise any more extended is to stop and land another position, so this information is fitting and ought to be available.

   Reply
4. Dissertation help/Getdissertation

   April 7, 2017 at 3:58 AM

   What really substances is a long-lasting and productive association.

   Reply
5. The Academic Papers

   April 20, 2017 at 5:51 AM

   I am already using Glassdoor that is a great social tool for employees who look for new jobs with market competitive salary.

   Reply
6. Obat Kencing Nanah Manjur

   April 25, 2017 at 1:50 AM

   Obat Kencing Nanah Manjur

   Reply
7. play spider solitaire

   September 22, 2017 at 12:23 AM

   Spider is a type of patience game it is one of the more popular solitaire games this one is an awesome point of online fun so get this one and make your time full of entertainment the main purpose of this game is to remove all the cards from the table before assembling them in the table. I just love this one and play everyday here .Thanks for the game.

   Reply
8. Visit website

   September 28, 2017 at 6:49 AM

   the choice science group could likewise bolster the C-suite similarly the knowledge division of a military backings a general – with bespoke exhort supporting key choices in light of an amalgamation of both interior and outside information

   Reply
9. kelly

   November 25, 2017 at 8:24 AM

   Very nice and always successful.
   This is a very good article.
   I’m waiting for you the other article.
   togel sgp

   Reply