By Nikhil Cariappa

LinkedIn has launched ‘LinkedIn Salary’, a tool which analyses and publishes salary data from the Indian job market. The tool will publish data relating to bonus and equity payments for specific job titles along with years of experience, industry, company size, location, and education level.

It has been collecting salary data in the Indian market for the last two months. However, the data will only be available from cities where LinkedIn has the most number of members, it added.

LinkedIn Salary will have the following features

  • A detailed distribution of base salary and annual bonuses for different industries
  • Top paying region for each industry along with the number of openings
  • Members with free accounts can access LinkedIn Salary only by providing data about their own salaries, while premium members don’t have to share this information
  • The tool would be particularly useful for students who are planning to pursue higher education or a bachelor’s degree

According to LinkedIn, the top 5 highest paid regions in India are

  • Bengaluru
  • Mumbai
  • Delhi NCR (Including Gurugram and Noida)
  • Hyderabad
  • Chennai

The top 5 highest paid industries are

  •     Hardware and Networking
  •     Software & IT services
  •     Consumer goods
  •     Healthcare
  •     Finance

LinkedIn now claims to have

  • 575 million users
  • 20 million company listings
  • over 15 million active job listings

LinkedIn’s recent developments

  • LinkedIn launched data analytics platform Talent Insights to help employers keep track of labour market trends
  • LinkedIn launched ‘Resume Builder’ in India, a tool which helps users build single click resumes using LinkedIn profiles as a base

Competition

LinkedIn will compete with Glassdoor, a job portal which relies on members to input their salary anonymously. At Glassdoor, the salary data is available for both specific companies, and job titles. However, it is not comprehensive, and doesn’t take into account parameters like education, experience, etc. into consideration.