In a market where there are more jobs than candidates, how does a company stay competitive with salaries? In looking at several different salary calculators online, Ninja Gig has compiled a list of the top tools to use this year.
Ninja Gig posts jobs to Indeed because it’s the largest online job posting site on the Internet. Indeed has an extensive database from which it pulls job ads, worker reports and employer information. Free to use, it gathers information from a number of organizations, which makes it a useful tool for analyzing competitors and for salary calculators.
An exclusive employer-reported information site, the basic service for Salary.com is free, but subscriptions can vary from $29.95 to $1,200 a year, depending on several factors, including industry, company size and geographic location.
BLS Salary Survey
The federal Bureau of Labor Statistics (BLS) uses quarterly employer surveys that rely on geography, industry, organization size and job characteristics, to allow companies to analyze salaries. As a bonus, this is free because it’s a federal organization and receives funds from tax dollars.
PayScale relies on employee-reported information that is regularly updated as more people visit their salary information. The first comparison report is complimentary, but after that, pricing varies on a case-by-case basis.
LinkedIn Salary is a new feature that uses employer-reported data and is free to Premium subscribers. It allows for easy comparisons for salaries with similar titles in other companies.
Staying competitive on wages is an essential component to attracting high-quality candidates to your company. If companies offer salaries that are too low, you’ll miss out on quality candidates that won’t apply for fear of being unappreciated. On the flip side, if they’re too high it might seem too good to be true, and then you’re also leaving money on the table.
With Ninja Gig, companies can rest assured that their online employment applications make it in front of qualified candidates. Sign up now for your free trial and get your online job applications in front of potential candidates now.