Pure Resourcing Solutions aka (Pure) the East of England recruitment consultancy firm, has just launched the first peer-to-peer live salary comparison website in the UK. You can find it here www.comparemysalary.co.uk The site has been designed to greatly increase the level of transparency to what is normally a taboo workplace conversation topic – because so many people just do not how much other people really earn.
The site www.comparemysalary.co.uk has already attracted in excess of 1,000 salary entries from a range of professionals in HR, financial services, accountancy, marketing and office support since launching just a few weeks ago, quickly establishing the site as offering the most sophisticated, accurate and up-to-date salary data for the East of England.
The site considers more than just a person’s job title and location. It also looks at the benefits a person is receiving, their years of work experience, the number of people reporting to them, their highest level of education, and the size and industry of the firm they work for. www.comparemysalary.co.uk provides employers and job seekers alike with a holistic insight into regional activity.
Best of all, the data is confidential and free for anyone to access! Gill Buchanan, Director at Pure, explains: “The website is the first of its kind in the UK but we have made it exclusively available in the East of England to support both local employers and employees. It takes the concept of the traditional paper-based salary survey to a whole new level of efficacy and value.
There is an increasing trend for people freely exchanging valuable information online – this website taps into that. “Employers can use it in their market research to get a much clearer idea of what employees expect to be paid, and the benefit packages other employers are providing. This is key knowledge in retaining and attracting good quality staff.” Gill adds: “Naturally, it’s good news for employees who want to know what their peers are earning, and what benefits are available, so they are fully prepared for the job search and salary reviews.”
www.comparemysalary.co.uk operates on a ‘give to get’ model. Employees provide anonymous salary data by answering questions about their current role, and in return they get access to all the salary information shared by others. As salary data is entered by members of the community the site works on an honesty system. There is really no incentive for contributors to mislead people about what they earn. Any inflated or inconsistent salary entries can be ‘flagged’ as suspicious by other members of the community or by Pure, and quickly removed from the system to ensure the accuracy of data is maintained.
The site also makes use of the median (as opposed to the average) to report cumulative salary results, helping to lessen the impact of any ‘extreme’ salary entries. One of the other key differences of the site over the traditional ‘once a year’ salary survey is that salary data is continually added by site visitors on a daily basis, with the salary database updated in real time and available for instant searching. Gill concludes: “As salary entries to the site continue to grow, our hope is that the site becomes an indispensable research resource that is continually referred to by job seekers, current employees and employers alike.” To visit the site to contribute your salary or conduct a free search of the salary database, go towww.comparemysalary.co.uk.