Salary Market Research for Tech Recruiting
As a new Tech Recruiter, I’ve been tasked with conducting extensive market research without directly reaching out to candidates, primarily due to the high costs of LinkedIn licenses.
To gather insights on appropriate salary ranges for various tech positions, I’ve been leveraging platforms like Glassdoor and Jobicy. However, I’ve noticed that the data can often be poorly validated or even misleading, making it challenging to draw reliable conclusions.
With that in mind, I’m looking for effective methods to conduct salary market research. Are there any tools, software, or resources that could assist us in this endeavor?
Thank you!
RCadmin
Hi there!
Conducting salary market research for tech recruiting can indeed be a challenging task, especially without direct access to candidate data. Here are some strategies and tools you can use to gain more accurate insights into salary trends:
Industry Reports: Consider looking for comprehensive salary reports from reputable organizations like Robert Half, Hired, or the Dice Tech Salary Report. These often provide industry-specific insights and trends that can be very valuable.
Salary Surveys: Participate in salary surveys if your company is eligible. Websites like Levels.fyi and PayScale often publish aggregated data that could offer a clearer picture of salary ranges for specific tech roles.
Online Compensation Tools: Tools like Salary.com, PayScale, and Glassdoor’s salary estimator can provide compensation ranges based on job title, location, and experience levels. While you mentioned Glassdoor’s data can be unreliable, it can still provide a rough benchmark when used alongside other sources.
Job Boards: Analyze job postings on platforms like Indeed, Monster, and SimplyHired. They often have salary estimates included in the listings. Comparing similar positions across these platforms can give you a better idea of the going rates.
Networking and Industry Forums: Engage with professional groups or forums (like discussions on Reddit, Stack Overflow, or specialized tech recruitment forums). You can gain valuable insights from other recruiters and industry professionals regarding salary expectations.
Recruiting Tools: Consider investing in recruiting tools like Talent.com or Comparably that may offer insights into salary ranges directly tied to job titles and locations.
Local Labor Market Data: Check local government databases or labor statistics websites. They often publish detailed data on wage trends by industry, including tech jobs, which can be quite informative.
Social Media Insights: Platforms like Twitter, GitHub, or even some tech-specific forums can provide insights into salary trends based on what professionals are discussing in real-time.
Meetup and Networking Events: Attend local tech meetups, conferences, or webinars where you can network and casually inquire about salary ranges from peers in the industry.
Consult with Colleagues: Sometimes informal conversations with colleagues in HR or those currently in tech roles can yield insights that are not easily found in public data.
By utilizing a combination of these resources, you should be able to build a more robust understanding of salary expectations in the tech industry. Good luck with your market research!
Best,
[Your Name]