Have you ever wondered what your co-worker is making? They work just as hard as you, maybe less. They have the same level of experience, maybe less. Is their paycheck bigger than yours? Less?
That kind of information has never been available, until now. In theory at least.
LinkedIn, the social network for professionals, launched a new website recently that gives insight on what jobs, career fields, companies and cities pay employees. The site is easy to use, simply enter the job title and city and LinkedIn returns the information. It gets the salary information from LinkedIn users who agree to share what they make, confidentially of course.
For instance, I searched LinkedIn Salary for the job title Sales Representative in Denver, Colorado. I learned the median salary for people in that position is $57,000 a year with a range of $32,000 to $111,00. I also saw that the median commission for sales reps is $24,000 and the median bonus is $6,000 for a grand total of $71,000. The information is based on what 13 sales reps in Denver shared about their own salary.
LinkedIn Salary will also show cities with the highest salaries, companies that pay the most, the industries with the highest salaries based on company size and level of experience. LinkedIn users can access the information at www.linkedin.com/salary. They're encouraged, but not required, to share their own salary to make the information more accurate.
The site is very new so all jobs and cities are not listed as yet.
While you may not immediately see how much your co-workers are making, there's a good chance you can in the future.