LinkedIn launches Salary to chart what we earn
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LinkedIn launches Salary to chart what we earn
1–10 of 175 posts
Re: LinkedIn launches Salary to chart what we earn
#2Self 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?
Re: LinkedIn launches Salary to chart what we earn
#3Self 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?
What incentive do people have to lie about their salary (assuming it's anonymous)?
Re: LinkedIn launches Salary to chart what we earn
#4Self 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?
What incentive do people have to lie about their salary (assuming it's anonymous)?
Well in this specific case LinkedIn makes it so you have to report your salary to see other salary data, so that right there is one place where people have an incentive to add junk just to get the data.
But the more important problem is the selection bias.
Re: LinkedIn launches Salary to chart what we earn
#5Are they going to access our email without our permission to get this information too?
Re: LinkedIn launches Salary to chart what we earn
#6Self 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?
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.
Re: LinkedIn launches Salary to chart what we earn
#7Self 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?
What incentive do people have to lie about their salary (assuming it's anonymous)?
Not necessarily lie. People, that earn less, are likely to be ashamed (even anonymously) of their salary, while big earners are prone to boast on every occasion.
Re: LinkedIn launches Salary to chart what we earn
#8Self 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?
What incentive do people have to lie about their salary (assuming it's anonymous)?
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Re: LinkedIn launches Salary to chart what we earn
#9It seems like the areas are really limited. Best I could find for my central Mass location was "Greater Boston Area" which really skews the numbers up (obviously cost of living in Boston is higher)
Re: LinkedIn launches Salary to chart what we earn
#10Self 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?
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 their field.