In 2016, LinkedIn came up with LinkedIn Salary tool. In which LinkedIn users can see the detailed breakdown of salaries by designation (job title) and location. These salaries were submitted by LinkedIn members only.
…And in addition to that, LinkedIn introduced one more feature called “salary insights on jobs” on Feb 13th, 2018.
This feature is really helpful for people, as they can avoid going through the interview process for jobs which doesn’t meet their salary expectation.
As you can see in the above snapshot, LinkedIn salary insight will be available on the job page. It is expected or estimated salary range for that particular role.
You must be wondering:
From where does this data comes to LinkedIn!
Well, this data is entered by users like you and me. If you want to enable this feature on LinkedIn. First of all, you have to enter your estimated salary and job designation.
So, in this way, LinkedIn collects the salary insights.
Why Is LinkedIn Rolling Out Salary Insights on All Job Posts?
We all know salary insights for the job role, is important for the job finder!
That’s the fact:
LinkedIn understood this thing and after observing its competitors such as Naukri.com (India), Indeed and monster. They realized that they also should have this feature.
They took one survey from professionals and here is what they said,
“We know salary insights on job listings is important to you. In fact, a recent survey found that more than 70% of professionals want to hear about salary in the first message from a recruiter. By surfacing this information early on in the process, we hope to make the application process more seamless by allowing you to know if a job meets your salary criteria before entering into a conversation with the hiring manager.”
– said by Keren Baruch on LinkedIn’s official blog.
The salary information you see on LinkedIn Job page comes from 2 places:
Here, the employers will provide the salary range for the particular job designation. So you can know the salary range/compensation, you gonna get before applying for the job.
2. LinkedIn Estimated Salary:
If the employer doesn’t provide the salary range, LinkedIn will show you the estimated salary range for that particular post, collected from member-submitted data.
Note: LinkedIn gives you the option to delete your salary at any point of time. Moreover, it also keeps you reminding to update your current salary to ensure that you’re getting the most out of this new tool.
So this was the LinkedIn official update on salary insights on jobs.
Do you like this update from LinkedIn and how much valuable it is going to be for you? Do let me know in the comments below…
…Also don’t forget to share this post with your LinkedIn connections, to update them about this new feature.