Completely unproven, but all I see this doing, is driving down wages. No one will say "I think we are not paying enough, looking at this average". It will be "We are paying far too much, lets bring ourselves inline".
LinkedIn launches Salary to chart what we earn
61–70 of 175 posts
Re: LinkedIn launches Salary to chart what we earn
#62Dear Microsoft, we have a small trust issue between you and my personal information..
Re: LinkedIn launches Salary to chart what we earn
#63I 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 resi…
"Contact info storage service for ex-colleagues I wasn't chummy enough to add on a real social network" pretty much sums it up for me.
Re: LinkedIn launches Salary to chart what we earn
#64Completely unproven, but all I see this doing, is driving down wages. No one will say "I think we are not paying enough, looking at this average". It will be "We are paying far too much, lets bring ourselves inline".
I would assume that there is otherwise generally information asymmetry in the labour market, in the sense that employers usually have more knowledge of salaries than employees. Making good information openly available to both parties should benefit the party with less information more: the employee.
Re: LinkedIn launches Salary to chart what we earn
#65I still don't understand what people are using LinkedIn for.
Networking. It's a rolodex.
Re: LinkedIn launches Salary to chart what we earn
#66Completely unproven, but all I see this doing, is driving down wages. No one will say "I think we are not paying enough, looking at this average". It will be "We are paying far too much, lets bring ourselves inline".
At the same time, if they are paying less than the average, won't that prompt them to at least move up to that?
Re: LinkedIn launches Salary to chart what we earn
#67Completely unproven, but all I see this doing, is driving down wages. No one will say "I think we are not paying enough, looking at this average". It will be "We are paying far too much, lets bring ourselves inline".
I'm not the biggest fan of Linkedin, but this strikes me as quite cynical. I've been recruiting internally for a number of good startups and I've used salary transparency to advocate for better offers for prospective candidates. There will be a few bad actors as there already exist, but I do think this is a step in the right direction towards at least giving prospective employees a better understanding of their own worth.
Re: LinkedIn launches Salary to chart what we earn
#68Completely unproven, but all I see this doing, is driving down wages. No one will say "I think we are not paying enough, looking at this average". It will be "We are paying far too much, lets bring ourselves inline".
Could be beneficial on both sides. Image a woman getting an offer, she can see the average pay and compare hers to that, so she can request equal pay.
I find most companies are generally in the know on how well they're paying their employees (employee retention, counter-offers, etc), it's the employees that lack this information.
Re: LinkedIn launches Salary to chart what we earn
#69Completely unproven, but all I see this doing, is driving down wages. No one will say "I think we are not paying enough, looking at this average". It will be "We are paying far too much, lets bring ourselves inline".
At the same time, if they are paying less than the average, won't that prompt them to at least move up to that?
Probably not, no incentive. Some hiring managers will put the pressure on the prospect to ask for more. If you can hire a quality employee for a little less than average, your bottom line comes out better.
Re: LinkedIn launches Salary to chart what we earn
#70Numbers are way off for the bay area for those with hot skills much like Zillow's house prices are off for desirable houses in OK neighorhoods. Hard to see how they'd distinguish between that and malicious outliers.
Or to oversimplify it: never stop learning and you'll never stop earning.