6 calculators that can help you determine your salary
This story originally appeared on Buffer
One of the most difficult parts of an interview with a new company can be negotiating salary. There are tons of tips out there, and one of the most useful is knowing what someone in this position could earn before they get into trading.
It may seem like a small detail, but negotiating ahead can have an exponential effect on your earnings over time.
A calculation shows that with an average annual salary increase of 5%, an employee whose starting annual salary was $55,000 instead of $50,000 would earn more than an additional $600,000 over a 40-year career.
How to approach your new job negotiation the best prepared possible? We would love to share some online calculators with you!
Hired offers a free salary calculator for software engineers, data scientists, product managers, designers, and sales reps.
LinkedIn’s new Salary tool provides median base salary and median total compensation information for free when you share your own salary (privately and for data collection purposes).
Payscale allows you to compare your salary in real time with others around the world.
Glassdoor uses the salaries submitted to them to give you an idea of what you could earn in a particular role and location, or even at a specific company.
Stack Overflow is an online community for programmers to connect, search for jobs, and help each other! Their salary calculator shows what you would earn working for Stack Overflow.
The transparent Buffer salary calculator means anyone can see what they could earn at Buffer by entering their own data for location, experience, and more.
While not an overall industry calculator, we’ve been blown away by the number of startups that have adopted our salary formula. Hopefully the calculator and insight into how we create our formula can give you a few extra data points as you enter into a trade.
Here’s what I would do when starting at Buffer right now. (My current salary is a little higher due to our loyalty bonus of 3% for each year of employment and an additional $3,000 for my dependent.)
We have our entire salary spreadsheet online on Buffer. If we don’t have your salary in the calculator, you can learn more about a particular role in the spreadsheet.
How are they different?
We collated the results of each salary calculator for a junior developer living in New York (we chose developer because that was a role each of the calculators offered). Here are the results (from bottom to top):
- Salary range: $48,338 – $97,403
- Glass door: $59,296
- LinkedIn: $75,000
- Buffer: $98,950
- Stack overflow: $104,900
- Hired: $112.00
Why are they so different?
The purpose of each of these calculators is something to keep in mind. Half of these calculators focus on tech industry salaries.
For StackOverflow and Buffer, it’s specifically these companies and how they pay people. Hired tends to be very large tech companies that also use Hired for recruiting. The tech industry in general is notorious for paying above industry average to try and get top talent.
LinkedIn, Glassdoor, and PayScale all use salary data from a variety of sources and industries. They might have more data from industries other than tech, which might be a bit less for developers in particular.