For anyone who has ever wondered if they are being paid fairly, Glassdoor has got the answer.
Know Your Worth by Glassdoor is a new, free tool that uses patent-pending technology to calculate the estimated market value, or earning potential, of an individual, right now, based on characteristics of his or her current job, work experience and the local job market. Know Your Worth by Glassdoor, currently in beta, is designed to not only help you determine if you are being paid fairly, but also whether you should attempt to negotiate their current salary and/or explore better-paying jobs.
“We wanted to make salary data more personal and combining with advanced technology,” says Robert Hohman, co-founder and CEO of Glassdoor. “And for the first time, you can get a really precise prediction of what you can command in the market.”
“Most people think that salary changes every couple years, but the truth is that salary can change every single day, demand for jobs changes every single day all of which we are in a position to see with Know Your Worth.”
The personal market value that Know Your Worth generates reveals the estimated base pay that you should expect to earn in today’s job market. If an employee finds their market value is higher than what they are currently making, you may decide to have a conversation with your boss to discuss opportunities for advancement and attempt to negotiate higher pay, explore other job opportunities, and/or remain where you are for the time being.
The point is, you are in control and you have the information necessary to make informed decisions about your career.
To help you on this journey, Glassdoor has developed a resource guide for employees and job seekers to better understand their Know Your Worth market value and put the information to work.
So try out Know Your Worth today, and get paid fairly!