Candor mentioned it’s crowdsourcing a database of salaries for jobs within the know-how trade to provide workers good intelligence for job negotiations.
The firm has began taking extra submissions for salaries, and it has gotten greater than 1,000 submissions since Wednesday. Candor is reviewing these submissions however continues to be receiving a whole lot of submissions per day and has to mobilize extra sources to deal with the incoming knowledge.
Candor has already compiled the biggest free public tech wage database for people. It now has 5.3 million knowledge factors for 1,708 corporations throughout 120 particular person job roles, reminiscent of engineering and operations. And it has added instruments that present a cost-of-living differential since individuals are accepting gives in new cities, however corporations don’t at all times present essentially the most dependable data on price of dwelling of their areas.
Candor spokesperson Jessica Li mentioned preliminary submissions targeted on San Francisco and New York, however new data is coming in for cities like Atlanta; Chicago; and Washington, D.C. There are additionally tons of submissions coming in from cities like Zurich, Johannesburg, Toronto, and Bangalore. And many of the submissions are for absolutely distant jobs. Li mentioned the submissions are rising at a viral price.
Last spring, Candor compiled a checklist of all of the tech corporations that had been hiring, firing, or freezing positions through the pandemic. Now the corporate is accumulating knowledge on salaries so folks can negotiate with full data of what’s being paid to workers or provided to different candidates. The largest wage submitted was for $2 million in complete compensation, whereas the bottom was $65,000. (These are tech jobs, in any case).
Candor mentioned most massive corporations have entry to a shared wage database referred to as Radford, which greater than 2,800 tech corporations entry. Individuals can’t buy this knowledge, however tech corporations use it to benchmark salaries towards one another and to find out the bottom quantity they will pay candidates whereas staying aggressive, Li mentioned. But now Candor can use the crowdsourced data to show the tables and provides workers data about positions.
Candor’s wage checklist is a free device out there for anybody within the tech group. Candor helps tech professionals negotiate their salaries, and a lot of this knowledge is sourced immediately from purchasers who’re experiencing the scenario stay on the bottom.
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