There are a lot of changes happening with LinkedIn right now, and more to come, so watch this space!
The latest new feature to roll out in the US, Canada, and the UK is a salary calculator called LinkedIn Salary.
"Earlier this year, LinkedIn emailed members asking them to anonymously disclose their salaries", said Ryan Sandler, a product manager. "In exchange, they were given insight into what peers in their fields are making. For example, a software engineer with a master's degree may not earn more money than someone without one. More than a million salaries were collected", Sandler said.
“We do ingest other publicly available data sources from governments or public job listings just to help in some of our accuracy detection algorithms, but the data that we display back is just from members.” he added.
Comparisons can also be done based on location which will aid job seekers considering geographical moves.
Here is an introduction video from LinkledIn about the tool
For Premium members the tool is available without having to enter your own salary details. For free members, there is an initial introduction to the first page of results before having to enter your own salary details , but it's probably likely this will become a limited access, paid feature or premium only access.
Do you have a LinkedIn question? Hit reply and I will find the answer for you and may even include it in an upcoming tip.
P.S. It's tough to keep up with the constant updates and changes with LinkedIn so you might benefit from one of our live LinkedIn consulting/training sessions, using screen sharing and accessing your LinkedIn profile so you can see the changes, understand better how to use the platform and have a great, personally branded profile too. We can work on any aspect of LinkedIn that you need and the consulting can be broken up into 3 one-hour sessions over a period of time - click here for the details.