How much do people really earn? absoluteIT has launched a new peer-to-peer salary comparison website for the IT industry that aims to add a greater level of transparency to this taboo workplace conversation topic. The website www.ITsalaries.co.nz has attracted over 3,500 salary entries from New Zealand-based IT professionals since launching just a few weeks ago, says Tina Ng, absoluteIT director.
Ng says the site offers the most comprehensive and up to date salary data available to New Zealand ICT professionals, and access to the data is free.
“We are the first company in New Zealand to take the concept of the traditional paper-based salary survey to a whole new level of usefulness. We realised that there is a real trend on the internet for people to freely exchange valuable information and this concept taps into that trend”.
The site operates on a “give to get” model. The users provide accurate and anonymous salary data by answering about 14 questions about their current role, and in return they get access to all the salary information shared by other members of the New Zealand ICT community.
As salary data is entered by members of the community, the site works on an honesty system. There is really no incentive for contributors to mislead people about what they earn. Any inflated or inconsistent salary entries can be 'flagged' as suspicious by other members of the community or by absoluteIT and quickly removed from the system to ensure the accuracy of data is maintained, says Ng in a press statement. The site also makes use of the median (as opposed to the average) to report cumulative salary results, helping to lessen the impact of any 'extreme' salary entries.
She says feedback to the site has been positive. “People have contacted us to say how grateful they are to finally have access to a salary resource that considers more than just a person’s job title and location,” says Ng. “What use is knowing that a 'business analyst in Auckland earns between $70-$95K' if that data hasn't ALSO factored in that person's years of work experience, the number of people that report to them, their highest level of education, and the size and industry of the firm they work for? Not to mention that broad salary ranges such as '$70-$95K' are of little use to anyone”.
She says the concept differs from the traditional once a year survey as the data is continually added by site visitors daily, and the salary database is updated in real time and available for instant searching.
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