LinkedIn Salary feature and gathering market data from LinkedIn
There are two ways you can use LinkedIn to prepare for a salary negotiation. Both tips provide potential data points that you can use for benchmarking and market research.
1) The most straightforward way is to access LinkedIn’s salary feature. As a quick refresher, this was rolled out in 2016 and is available in the US, UK, and Canada. It’s accessible to you for one year “for free” but there is a non-monetary cost. To collect personalized research, you must provide your own salary to LinkedIn annually (they promise your salary will not be shared or displayed publicly). I have written about it in past issues of this newsletter in November 2017 and April 2018. Since it’s been a while, and this issue is devoted to salary negotiation, I thought I’d provide a reboot.
If you’re interested in taking advantage of this feature, here’s how to submit your salary to get started.
2) You could also browse job postings on LinkedIn. Since some job advertisements mention salary information, this can be another way, though it is more difficult and less accurate. First, it’s harder to find the information because many employers don’t post salaries so you must browse through mahttps://www.linkedin.com/help/linkedin/answer/73514/submitting-your-salary-data-to-linkedin?lang=enny postings to find a few data points. Second, the salary shared is what’s posted, not necessarily what the company ends up paying the final candidate. Even though this can be cumbersome, if you’re not having luck in other places, this is one more way to gather numbers.