Exploring Salary Market Research for Tech Recruiting
In my new role as a Tech Recruiter, I’ve been tasked with conducting extensive market research without directly reaching out to candidates. This approach is largely driven by the increasing costs of LinkedIn licenses and the need for efficient use of resources.
To gather salary insights, I’ve turned to platforms like Glassdoor and Jobicy, among others. However, I’ve found that the data often lacks reliability and can be difficult to interpret.
Given these challenges, I’m looking for effective methods to conduct meaningful salary market research.
Are there any tools, software, or strategies that could help streamline this process?
Thank you!
RCadmin
You’re in a complex but important role as a Tech Recruiter, and getting accurate salary data can be challenging. Here are several strategies and tools to help you navigate market research for salary insights without direct candidate contact:
1. Industry Reports and Surveys
Many organizations conduct annual salary surveys specific to tech roles. Look for reports from:
– Robert Half: Offers salary guides for various tech positions.
– Hired: Provides insights into salaries and trends based on their platform data.
– Payscale: Features salary research by role and location, often updated with community-sourced data.
2. Aggregated Salary Data Websites
While you mentioned using Glassdoor and Jobicy, consider diversifying:
– PayScale, Indeed Salary Explorer, and Salary.com: Aggregate extensive salary data and often allow filters by job title, location, and experience level.
– Blind: Offers anonymous salary information from tech employees.
– Levels.fyi: Specifically for tech roles, providing salary breakdowns including base, bonus, and equity.
3. Networking and Industry Communities
Engage with industry professionals through online forums (like Reddit’s r/techcareers) or platforms like Slack and Discord groups where professionals might share compensation anonymously.
4. Professional Organizations and Groups
Joining organizations such as IEEE or attending industry conferences can provide access to exclusive compensation surveys and networking opportunities where you can gather insights.
5. LinkedIn Insights
While you’re trying to avoid paid licenses, you can still harness LinkedIn by utilizing its free features:
– The “Salary Insights” feature provides company-specific salary ranges based on job titles.
– Engage in LinkedIn groups related to tech recruiting, where salary discussions might arise.
6. Tech Salary Calculators
Utilize salary calculators which can provide tailored salary recommendations based on input criteria like location, job title, and experience. Tools like Glassdoor’s Salary Calculator can be useful.
7. Research Competitor Job Listings
Even if you’re not contacting candidates, reviewing job postings from competitors can give you a sense of going rates. Many job postings include salary ranges or “competitive salary” indications.
8. Freelance and Gig Platforms
Websites like Upwork and Freelancer can give insights into hourly or project-based rates in tech roles, which can often reflect market demands.
9. Consultancies and Third-party Tools
Consider tools like Elementor’s salary tool or MarketPay, which can offer detailed compensation insights.
10. Synthesizing Insights
Once you gather data from multiple sources, make sure to synthesize and validate it. Look for patterns and averages, and adjust for regional differences or market fluctuations where needed.
By applying a combination of these strategies and resources, you should be able to create a more accurate and comprehensive picture of salary markets for tech positions without needing to contact candidates directly. Good luck with your research!