LinkedIn has announced a new way for users to explore compensation details on open roles on the platform – Salary Insights.
LinkedIn introduced the LinkedIn Salary tool in 2016, allowing users to see a detailed analysis of salaries by job title and location, based on information provided by LinkedIn members. In its attempt to make the experience more “valuable” for job seekers, LinkedIn has now created Salary Insights, to provide compensation information on open jobs.
The new feature will now appear on job listings, showing an “estimated or expected salary range” for each listing. The data comes from over 546 million LinkedIn members – and employers who provide salary information. A recent LinkedIn survey found that over 70% of professionals want to know more about salary when they get the first message from a recruiter.
Therefore, salary insights on job listings are actually very important to them, as they “can make the application process more seamless.” Knowing if a job meets your salary expectations before you even start talking to the hiring manager makes a whole lot of sense, right?
Salary information on job listings will now come from employers who actually provide the salary ranges for positions, but they will also come from LinkedIn as an estimated salary range. LinkedIn’s estimated salary on job openings will appear within the coming weeks.