Hrmmm, no results for CEO salaries.
Tools like this are super useful but can be misleading. They don't accurately report benefits, equity packages, and other value implicit or explicitly given by the employer.
This is genius lead gen for their recruiting business. 😊
@rrhoover thanks for the feedback. We're just getting started and due to member privacy considerations, we need at least 5 submissions to show data for a role. Hope to have enough CEO salaries soon. :)
We include both base salary and additional compensation like stock, bonus, etc., and we're working on adding other features like benefits. The product was created to increase salary transparency and help members make better career decisions, and wasn't built for recruiting.
More info on privacy and security in our Engineering blog - http://lnkd.in/salaryengineering/
@rrhoover I was thinking the same thing. I'm in Northeastern Pennsylvania, and I have to widen my search to the Greater NYC (definitely *not* the same market) area due to lack of available data. Sharing my salary might help, but that might mean *more* emails from LinkedIn haha
@sandlerryan salaries differ based on the stage of the company, pre rev/startup vs small biz, corp, etc. Anything on the roadmap to accommodate for this and break out these categories?
@akdm_ Ryan here, PM for LinkedIn Salary. We are just launched in English-speaking countries right now, but will be rolling out to other countries soon!
I don't think that the stats are really ready yet. I did a couple of searches, and got no results whatsoever. What I got instead, was a prompt to enter my salary. I think what this tool really is, is more of a neat trick for collecting a bunch of lead data, and providing it straight off to recruiters. Just my 2 cents.
Hey @preslavrachev, thanks for the feedback! We do not share the data with recruiters. It remains completely private and insights are only provided back to users in aggregate. More info on our Eng blog -> http://lnkd.in/salaryengineering/.
Although we have over 1 million submissions, we don't yet have data for all roles. By submitting your salary, you can help expand coverage for more titles.
Interesting timing with Glassdoor pushing their new "Know your worth" tool. https://www.glassdoor.com/Salari...
Fun to see all these types of features get released as the data becomes more reliable.
If you're interested in seeing salary data that isn't self-reported, in the US, all H1B Visa'd employee salaries are public via the Department of Labor http://h1bdata.info
@_tyoung yes it is very interesting that LinkedIn decided to compete in this area. I can see how it's a nice 'add on' while searching for jobs in LI, but do not think they can surpass glassdoor as being a 'source of truth'. GD has just been at it for such a long time and are more focused on 'getting it right'.
H1B data is interesting because it is public, but likely has its own skew.
True. I kinda assume that companies fudge titles/numbers sometimes so that a visa will be approved - but I think it's probably mostly accurate. Especially because it seems pretty consistent with other self reported data from places like Gd.
Hey @j_r_wi11iams. A few of the many reasons... (1) Tying salaries (anonymously) to structured data from verified LinkedIn profiles allows us to produce new and unique insights (e.g., how salary changes by degree, major, skills, etc.). (2) we have built machine learning and data mining techniques to make sure data remains accurate and reliable. (3) knowing how quickly labor markets change, we make sure our data is fresh and we only show data collected within past 12 months.
You can find more details re: our methodologies at lnkd.in/salaryengineering.
This is really cool. I wonder if Linkedin will introduce a breakdown like by gender & ethnicity like comparably.com is doing. LinkedIn already has so much data on everyone so it seems like this can developed way further
Ugh. Please stop with the salary comparators. There's only two ways to do this without good data -- most just give misleading information by using too little data to make assumptions. And getting good data is almost impossible because "account manager" at an agency or "associate publisher" at a magazine means a dozen different things, none of which are comparable.
LinkedIn seems to be going the other route. It returned no results for about a half dozen common titles in Dallas / Fort Worth. That's at least less dangerous than the other path.
Thanks @mikeorren. As you called out, we only return insights for roles where we have enough confidence in the data. We are also making large investments in being able to understand how titles differ at various companies. Stay tuned. :)
Isn't it similar to Glassdoor?
Searched for salary of 'Software Development Engineer in Test, Phoenix, Arizona Area' in both LinkedIn and Glassdoor.
No data in LinkedIn. It seems Glassdoor has much more data.
Hey @keyul. We only surface estimates for roles/locations where we have enough confidence in the data. Stay tuned for much higher coverage as we continue to collect more user submissions!
I absolutely love the notion of salary transparency. But the reality might prove to be quite different. Competition (seeing what other people get paid, on average, for the same job is a form of competition) drives costs down, or in this case, wages. I see this more as a tool for employers than employees to readjust wages downwards moving forward, in particular for new entrants. Great for the company, bad for talent. Although this might prove to potentially close payment disparity gaps between men and women doing the same job (which is a great thing, cheers to the free market!), it may ultimately drive wages down overall. It might become that much harder to justify why you should be paid more than the average when negotiating your salary. Yes, this is solving an inefficiency in the job market, but tech hubs (for instance) like San Francisco and New York are irrationally expensive places to live, and are unlikely to adjust with wages over night. It would be much better if this were factored with a cost-of-living metric. After all, salary is relative, and therefore kind of irrelevant. What matters is the percentage of your income needed to cover the basic essentials, like rent and food. An iOS developer in San Antonio making $80,000/year is objectively much wealthier than an iOS developer in San Francisco making $120,000/year.
@rueter Thanks Steven for your thoughtful comment. I think many Economists have different opinions here, however. Currently employers have good access to this info but employees do not, and t/f wages are potentially deflated. More symmetric access to this information should actually increase wages overall. See, for example, this post from former Secretary of Labor, Seth Harris, on the subject: https://www.linkedin.com/pulse/h...
Great tool from well-known "job"-company will be much usefull for a lot of people.
1. Let users from any location report their salary. I am already OK to share data with you (even if you are still will not provide insights for me now) – in such case you could collect data for future rollouts.
2. Why can't I choose an area? I believe managing partner in IT company will definitely have different salary than managing partner of some small education center, etc.
I was excited to try this out, but was disappointed that I could not find salaries for Mobile Developer. Detroit, Miami, Seattle, and surprisingly San Fransisco showed no results at all.
@_rg2 try "mobile engineer" (which shows up as a Similar Title for that query). Looks like we have data in SF, and hopefully we'll have for Detroit, Miami, & Seattle soon after launch.
https://www.linkedin.com/salary/...
@sandlerryan I see the results now for SF, and I'm pretty happy about that. The data is pretty relevant and accurate. Incorporating interchangeable titles to make it easier to find data would be helpful too. So far so good though, keep up the good work.
@sandlerryan there seems to be a bug on mobile web (specifically Chrome on iOS 10) - I hit Login at the top right (then have to hit login at the bottom), put in my credentials and hit Login and it doesn't redirect me back to the salary home. I need to edit the URL and refresh to show that I am logged in. The mobile web seems to be a little buggy.
Overall - how does this differentiate from Glassdoor?
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