So when will LinkedIn release a plugin that hacks into your HR system to fetch (and upload to them) the salaries of you and all your peers?
I love that you're assuming they haven't already released it :)
LinkedIn launches Salary to chart what we earn
21–30 of 175 posts
Re: LinkedIn launches Salary to chart what we earn
#22This is data a lot of people have wanted for a lot of good reasons. While this could flatten the labor market and even out a corps advantage from asymmetrical info dist-- I would've rather anyone but linkedin be successful here. Other than extremely tiny sample sets, no one has actually succeeded in this space/featureset. I can barely see peoples profiles without getting signups shoved down my throat.
Fuck linkedin. It is a closed service which disproportionately provides value in a way that makes it nearly useless, while simultaneosly selling data to recruiters and companies. So this wont help anyone as much as linkedin and I am skeptical this data will be open.
Re: LinkedIn launches Salary to chart what we earn
#23Self reported salaries are just never going to be a good data source. I was hoping since this was LinkedIn and they have tons of resources they'd be doing something different, but they don't seem to have made any progress on the many attempts people make each year to do salary analysis in this way. Anyone have any good ideas for actually gathering accurate salary data?
The Federal Statistical Office of Switzerland sends compulsory salary surveys to the enterprises itself. The collected data is then published in the Salarium [1]. It is based on more than 750'000 salaries from the private sector and runs since 1994. You can read more about the methodology in the PDF [2] I worked as a Software Developer for a company that used the data as base for their salary negotiations and it work…
Interesting video about somewhat public tax returns, and hence salary, in Norway and other Nordic countries.
Re: LinkedIn launches Salary to chart what we earn
#24I played around a bit and didn't find it too useful. The folks at step.com (previously posted on HN) produce something that is much more useful for me: https://blog.step.com/2016/06/16/more-salaries-twitter-linke...
What didn't you like about it? Can you give a small comparison?
Re: LinkedIn launches Salary to chart what we earn
#25Earlier quoted context omitted.
What incentive do people have to lie about their salary (assuming it's anonymous)?
There are massive incentives to lie about how much you make. It's not hard to imagine this tool will be used by HR compensation experts to determine wage parity. With that in mind, the higher the average, the better positioned you will be to negotiate a higher salary, therefore everyone who reports how much they make is ultimately incentivized to state more than they make in hopes of driving up the wage index for the…
one of the engineers from Salary team. we talk about privacy and accuracy at length in this blog post https://engineering.linkedin.com/blog/2016/10/bringing-salar.... TL;DR; we do outlier detection.
Re: LinkedIn launches Salary to chart what we earn
#26Self reported salaries are just never going to be a good data source. I was hoping since this was LinkedIn and they have tons of resources they'd be doing something different, but they don't seem to have made any progress on the many attempts people make each year to do salary analysis in this way. Anyone have any good ideas for actually gathering accurate salary data?
For tech work, you can use H1B salary data (from somewhere like http://h1bdata.info/) as a minimum level for a position. Scale up by some percentage (10-20% in my experience) to get the median for what US citizens are likely making in the same position.
Re: LinkedIn launches Salary to chart what we earn
#27So when will LinkedIn release a plugin that hacks into your HR system to fetch (and upload to them) the salaries of you and all your peers?
I love that you're assuming they haven't already released it :)
> I love that you're assuming they haven't already released it :)
Ha! I didn't even think about that!
Plus with Microsoft owning them, it's directly integrated as a core feature of Exchange Server. Probably rolled out in the most recent "security update" patch.
Re: LinkedIn launches Salary to chart what we earn
#28Earlier quoted context omitted.
There are massive incentives to lie about how much you make. It's not hard to imagine this tool will be used by HR compensation experts to determine wage parity. With that in mind, the higher the average, the better positioned you will be to negotiate a higher salary, therefore everyone who reports how much they make is ultimately incentivized to state more than they make in hopes of driving up the wage index for the…
one of the engineers from Salary team. we talk about privacy and accuracy at length in this blog post https://engineering.linkedin.com/blog/2016/10/bringing-salar... . TL;DR; we do outlier detection.
What's an outlier? I bet a lot of people feel they're shortchanged by about $10k, and will report that much higher to set a baseline. Outlier sounds more like "AngularJS developer making $250,000 in Cleveland"
Re: LinkedIn launches Salary to chart what we earn
#29I believe LinkedIn may have already reached its maximum potential and is on a downward trend.
Of course I'm speaking only from personal experience, but as both candidate and hiring manager LinkedIn holds next to no value for me. I see it as a commons that has been largely ruined by recruiting agents who are incentivised by their employers to maximise candidate throughput at everyone else's expense.
There is some residual value in LinkedIn groups, where peers can network for mutual benefit, but these pools of genuine interaction inevitably attract recruiting agents - if indeed they aren't already present as groups admins, happily lurking while candidates posture and parade.
But I'm not about to close my account (if that is even possible). I'm very fond of the growing number of endorsements I've received for Sarcasm and Bubbles.
Re: LinkedIn launches Salary to chart what we earn
#30Earlier quoted context omitted.
What incentive do people have to lie about their salary (assuming it's anonymous)?
Outside of lying, I've not seen an implementation of this that fully accounts for compensation outside of base salary (bonus, options, 401k matching, benefits, etc). I suspect some are entering only base, some base+bonus, or similar.
LinkedIn Salary appears to be reporting base salaries and total compensation.