LinkedIn continues the build out of its Economic Graph with the launch of LinkedIn Salary. The new tool provides salary data alongside other elements of the Economic Graph including jobs, employees, organizations, skills, and educational institutions.
“This includes salary, bonus, and equity data for specific job titles, and the different factors that impact pay such as years of experience, industry, company size, location, and education level — all of which becomes critical knowledge as you navigate your career,” LinkedIn wrote. “Also, rest assured that when you enter your salary, it’s immediately encrypted and remains private.”
The service provides a set of salary analytics related to job, experience, industry, and location. The user begins by specifying the position and location. They can then quickly filter by industry and experience. Both median salary and median compensation are immediately displayed along with a compensation histogram. Other details include annual bonus, commission, restricted stock units, and stock options. Other salary analytics include base salaries by company size, industry, education level, field of study, and top locations.
Another valuable tool is compensation data by position for key employers in a metro area.
The service is currently available in the US, UK, and Canada with plans to expand globally in 2017. To obtain full salary details, users must provide their salary details or have a LinkedIn Premium subscription.
Other vendors providing similar data include Glassdoor and Salary.com.
Other recent LinkedIn developments in the news:
- LinkedIn anticipates that the Microsoft acquisition will close by the end of 2016. They are awaiting approval from the European authorities and then should be ready to complete the $26.2 billion transaction.
- LinkedIn was blocked in Russia last week after they failed to comply with Russian rules concerning the housing of data related to Russian citizens. The service has six million Russian members. The block goes back to a 2014 law which was enacted after social media-fueled protests against the Putin regime.
Note: The link to the Glassdoor salary site was added on December 1st.