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2020-10-08

Compare Salary Release Feature

The Compare Salary Release feature empowers users to evaluate and understand salary structures in their industry. By providing clear salary comparisons, this tool offers invaluable insights for both employees and employers.

Key Features

Real-time salary data from various industries
Customizable filters for specific job titles and locations
User-friendly interface for easy navigation
Visual graphs to illustrate salary trends
Secure data protection and confidentiality measures

Potential Use Cases and Benefits

Employees can compare their current salary to industry standards, helping to negotiate raises.
Employers can set competitive salaries to attract and retain top talent.
Job seekers can make informed decisions during their job search.
HR departments can analyze salary trends for budgeting and planning.
Recruiters can provide accurate salary information to clients and candidates.

This feature addresses the common challenge of salary transparency in the workplace. By offering a straightforward way to compare salary information, it helps you make informed decisions, whether you're looking for a new job or negotiating your current pay. Ultimately, the Compare Salary Release feature provides clarity and confidence, ensuring you understand your worth.

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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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Take the annual salary of the job and divide it by 240the standard number of work days in a year. That gives you the daily rate for the job. Multiply the number of days of paid time off by the daily rate to determine the value of your PTO.
Enter your employer, location, job title, years of experience, and current salary, and Know Your Worth will use an algorithm that factors in salary reports and market trends (not counting bonus compensation) to give you a base figure you should be earning.
Your market value is an estimation of how much you should be earning based on your job title, years of experience, skills and location. Doing research to determine your worth before walking into a salary negotiation can help you get the outcome and the income you want.
Enter your employer, location, job title, years of experience, and current salary, and Know Your Worth will use an algorithm that factors in salary reports and market trends (not counting bonus compensation) to give you a base figure you should be earning.
The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. If the application doesn't accept non-numerical text, then enter 999, or 000.
A wage is paid on an hourly basis. If you work more than a certain number of hours, you get overtime pay. Workers that earn a salary often put in more than 40 hours per week, but get paid no overtime pay. However, salaries can be higher than what hourly workers earn including overtime.
The difference between salary and wages. The essential difference between a salary and wages is that a salaried person is paid a fixed amount per pay period and a wage earner is paid by the hour. Someone who is paid wages receives a pay rate per hour, multiplied by the number of hours worked.
Benefit: Easy Budgeting Salaried employees who are indeed exempt from the Fair Labor Standards Act has the benefit of calculating near-exact amounts of annual or monthly wages. Their wages rarely fluctuate due to overtime pay, or docking for an hour or two off from work.

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