This week jobs portal Glassdoor launched a new feature called Know Your Worth that allows visitors to calculate their market value in the industry they work in. The aim is to help people establish whether or not they are being paid fairly.
According to Forbes.com, to use the tool you enter your employer name, location, job title, years of experience and current salary. Know Your Worth then factors in salary reports and market trends, using machine-learning algorithms to estimate your base salary earnings potential. It doesn’t cover bonus compensation, and Glassdoor expects the tool will initially be able to calculate market value for 55% to 60% of the U.S. workforce.
The great thing about Know Your Worth is that if users find out they’re seriously underpaid; Glassdoor tries to make it easy to look for a new job by listing openings directly below the tool’s results.