“Everyone has the right to a #FairPay compensation. That does not mean the same pay, but a salary which fits the experiences and capabilities. The taboo on salary is blocking the transparency needed to achieve a fair, unbiased compensation. SalaryBar is a not-for-profit initiative, aiming to achieve #FairPay for all. Apart from a hyper personal salary benchmark we also offer a place to chat” Joost d’Hooghe founder of the SalaryBar
“Money should not be your main motivation, but you should be both satisfied and confident that your paycheck is in line with the added value you bring to work every day. I was the founder of “ambitie.com” an employee focused recruitment company. Out of this recruitment company the idea for SalaryBar was born. We noticed that candidates have difficulties understanding their value, and the fair compensation they should negotiate. There are a number of existing services which provide salary benchmarks; LinkedIn, Glassdoor, Salary.com … but all of these use only a few datapoints, mostly your current function and graduation year, resulting in a 75% accuracy. Their goal is to attract site visitors and sell advertisements, so they are not here to serve the professionals, but themselves or the employers paying them.”
In the last 6 months >3000 people from all over the world used SalaryBar to get an accurate #FairPay salary estimate. This is a free, not-for-profit service, hundreds of fans donated a few Euros to get their detailed salary breakdown certificate and to generally support the mission. SalaryBar friends share that they love the transparency, and the ability to chat with someone about their compensation. Everytime we get a real datapoint we feed it back into the system. We are now 3% off on average, our algorithm now uses 21 data points from existing LinkedIn profiles.
SalaryBar is taking off, I am humbled and happy with the impact we are making, and can only ask you to keep sharing the service with people in your network.
A big fan of New York’s fearless girl, #FairPay for all, Joost
“Your approach is very robust and takes into account important factors that contribute to increase the value of the employees- not always regarded adequately-. Happy to have contributed to this project.” anonymous SalaryBar member, Global Supply Chain Director in Switzerland