LinkedIn added a new tool to LinkedIn Jobs that enables members of the professional network to follow the money.
Starting Tuesday in the U.S., U.K. and Canada, job seekers on LinkedIn Jobs will see an insight titled Jobs Where You Could Make More Money.
As the straightforward title suggests, the new insight provides information on positions that offer the potential of getting a raise.
LinkedIn associate product manager Erika Hairston wrote in a blog post, “If growing in your career is on the top of your to-do list this year, you may be thinking about landing a new job. If the salary potential is your guiding light, you’re not alone. In fact, research shows salary to be the top factor that motivates you in your career and one of the first things you’re interested in learning about a role. Your salary doesn’t have to be a sensitive topic: It’s important. Research also shows that greater pay transparency helps to close the pay gap. Employers are starting to embrace the trend, too, with more than 25 percent of talent pros reporting that their companies are transparent about pay.”
The professional network introduced LinkedIn Salary in November 2016 as a way for users in the U.S., U.K. and Canada to access information on salaries, bonuses and equity data for specific job titles, as well as factors that impact those salaries, including experience, industry, company size, location and education level.
Hairston revealed that LinkedIn Salary was extended to more than 10 countries around the world.
She also shared the following tips for using LinkedIn Salary to enhance the careers of members of the professional network:
- Do your research: Being prepared for a conversation about is the most important thing you can do. Before the big day, spend some time researching what other people in your industry are getting compensated. Talk to people in your network to gauge what the compensation looks like and use LinkedIn Salary to compare with others in your area who have similar skills and years of expertise.
- Be transparent: Go into the conversation with a solid number in your head, and don’t be afraid to lay it on the table. Part of being transparent is advocating for your capabilities as part of the reasoning behind why you’re asking for the salary you want. Use LinkedIn Salary to help you understand how your education and past experience factor into the value of the role you’re looking at how you should be compensated.
- Don’t be afraid to counter: Sticking to what you know you’re worth can feel uncomfortable, but according to a recent survey commissioned by LinkedIn, receiving a salary you’re happy with is key to overall job satisfaction. If your employer or potential employer comes back with less than you were asking, work together to find a common ground and, going back to our first point, make sure you’re prepared to explain why you deserve it.