One of the most frustrating things about applying to a new job is how long you have to wait before you can even broach the topic of salary. Now, that’s a thing of the past.
Today, Glassdoor announced it has introduced estimated salary ranges in job listings to help people instantly know what they could be paid before applying to a job. Using the proprietary data science algorithm fueling Glassdoor’s salary estimates, Glassdoor estimates the value of the 5.1 million unfilled jobs advertised online in America is more than $272 billion.
Starting today, many of Glassdoor’s job listings for roles in the U.S. that pay annual salaries and hourly rates will include a base salary estimate calculated from millions of U.S. employees and third-party sources using patent-pending machine learning algorithms. Ultimately, we believe this is a key step forward in helping connect you with the job that fits your life.
While 68 percent of people report that salary and compensation are among their top considerations before accepting a job, less than one in 10 online job listings include pay data in the job description. Base salary estimates in job listings on Glassdoor are now viewable in job search results for easy reference.
“Job seekers consistently report that they want more pay information before applying to a job. They don’t want to waste time applying and interviewing for jobs that don’t meet their needs and expectations. We believe salary estimates in job listings will better match the right people with the right employers by removing the guesswork that surrounds pay when applying to a job,” said Heather Gordon Friedland, Glassdoor chief product officer. “Employers benefit too, as salary estimates in job listings will help them recruit and attract talent as it will drive even more interest to their job listings on Glassdoor.”
While salary isn’t the sole determiner of whether or not you’ll be happy at work, you certainly don’t want to settle for less than what you’re worth. Plus, Glassdoor’s goal is to help you be the most informed candidate applying for a job. From knowing about the perks and benefits of a company, the potential interview questions and the salary estimates all visible from the initial job search.
In addition to including salary estimates in job listings, Glassdoor has also uncovered the potential economic impact these open jobs carry. With approximately 5.1 million open jobs posted online in the U.S., Glassdoor has used its proprietary algorithm to calculate the total value of these unfilled jobs is more than $272 billion.
“Every job that’s open is money left on the table,” said Dr. Andrew Chamberlain, Glassdoor chief economist. “When more open jobs are filled with the right people, economic gains include greater business productivity and consumer spending.”
Want to see what kind of paycheck you can expect from the jobs that you’ve had your eyes on? Explore open positions and their salary estimates here. Plus read more about the Value of Unfilled Jobs on the Glassdoor Economic Research Site. See more on how salary estimates are calculated and how employers can provide feedback.