LinkedIn has been a great help to a lot of professionals since inception. The good thing is, the company continues to give us more reasons to believe we can indeed achieve more individually or as a group. On Wednesday, the company launched a new feature called LinkedIn Salary. Want to find out if you are being underpaid by your employer? LinkedIn’s new feature can help you do that, according to the company.
The new feature was launched on Wednesday by the LinkedIn Economic Graph Initiative, and will collect and analyze data about job compensation, reports TNW. The new tool, which is first of its kind by any professional social network group, will allow you have a better understanding of salary trends in your field.
The flexibility of the new tool is such that anyone can refine the data by industry, and years of experience. Of course, that’s not all; the tool will also highlight additional compensation, such as signing on bonuses and commission.
As with other data or graphic tools, adding or providing more information is key to getting quality results. In that case, getting satisfactory results from the LinkedIn Salary tool will require that you provide or share more detailed data, especially about your take home pay. LinkedIn has promised to keep shared data private and away from the public—especially recruiters. However, you can save yourself the stress of providing your salary details if you are a premium LinkedIn member.
What now for GlassDoor?
Great effort LinkedIn; but where does your new tool leave GlassDoor? That’s a million-dollar question, but not like GlassDoor is about to be acquired or merged with LinkedIn. The truth about LinkedIn Salary is that it gives GlassDoor a lot of work to do. By the way, GlassDoor is a reputable company that analyzes your take home pay and help you find out if you are being underpaid.
LinkedIn has around 460 million members, and that gives it a massive edge over GlassDoor, and that is where the real issue comes in. LinkedIn Salary will be offering similar services to its 460 million users, and in itself is a massive advantage.
How nice of LinkedIn to add this tool to a long list of useful tools to help employees succeed. At least you now have one more tool to analyze how much you are worth and what your take home pay should be.
Earlier in October, LinkedIn turned on a feature that allows you to quietly look for a job without the knowledge of your employer. Lack motivation in your current job? LinkedIn can help you get a new one—and your boss doesn’t even have to know anything about it.