Meet PayPredict: The LinkedIn Chrome Extension for Instant Salary Estimates
What’s one thing recruiters, HR leaders and hiring managers have in common? They all need access to accurate, real-time data on the salaries that companies are paying in their industries.
Having this crucial info at their fingertips allows HR leaders to better plan their recruitment budgets, hiring managers to understand what candidates’ salary expectations will look like, and recruiters to land top candidates with competitive offers.
The problem? This salary information isn’t always easy to come by — not without spending hours wading through complex data sets. And if you’re just at the beginning of the recruitment process — scoping out a new role, for example — that can feel like a lot of wasted time for a limited reward.
At Figures, we’re well aware of these challenges. We face them here too, after all.
So we asked ourselves a question: what if you could access a quick snapshot of a salary range for any position, just by browsing to a relevant profile on LinkedIn?
Well… now you can.
Meet PayPredict By Figures
PayPredict by Figures is a new Chrome extension that gives you an instant salary prediction for any LinkedIn profile, based on the user’s job title, location and years of experience.
It’s built on our extensive database of European salary data, which means it can estimate salaries for roles in France, Germany and the rest of Europe. That means you can say goodbye to guesswork and wasted time — and hello to speedy insights you can trust.
The best part? PayPredict is absolutely free. It’s now in its beta phase, and we’d love for *you* to try it out and see what it can do.
Who is PayPredict for?
So, who can benefit from PayPredict? In short, anyone! But we did have a few key use cases in mind when we put the extension together. If you fall into one of the categories below, you’re going to want to give it a try.
Recruiters: define roles and explore unfamiliar markets
Recruiters know their markets well (the good ones, anyway). But at one time or another, most of them will be asked to recruit for an unfamiliar role. Or in a location or market that’s new to them. And without the data or experience to back them up, defining the right salary for these roles can be tricky.
Enter: PayPredict. With just a few minutes of exploring on LinkedIn, recruiters can get a good idea of what salaries look like for any role and location. They might need to back this up with additional data, of course — but it’s a solid starting point when you’re recruiting for a role you’re totally in the dark about.
HR leaders: define budgets and ensure competitive compensation
HR leaders need to keep a finger on the pulse of the market, so they can spot any trends that might impact their compensation decisions.
They need to ensure the salaries their organisation offers are competitive, even in fast-moving industries. And they’re often the ones defining budgets for new roles — which is impossible without market data.
With PayPredict, HR leaders can find real-time salary predictions at the click of a button — helping them with both forecasting for the future and ensuring their current salaries are (still) competitive.
Hiring managers: understand candidate salary expectations
Hiring managers don’t always have the same in-depth market knowledge as recruiters. But they still need to understand what a candidate’s salary expectations will look like before they can fully scope a new role.
Using PayPredict, hiring managers can get a solid understanding of potential candidates’ expectations simply by exploring the LinkedIn profiles of professionals in similar roles. This helps them to make informed decisions during the hiring process — and maximises the chances of landing a top candidate.
How to use PayPredict
We get it: you’re sick of downloading new tools that just overcomplicate the same tasks you’ve been doing just fine for years. But we promise, PayPredict isn’t just another useless application that will clog up your hard drive without providing any real benefits.
We’ve already talked about some of the ways this tool could make your life easier. And crucially, it’s also incredibly simple to use. Here’s how it works:
- Install the Chrome extension. Your journey to instant, accurate salary insights starts here.
- Open a LinkedIn profile. Navigate to LinkedIn and click on the profile of your choice.
- Click the Figures button. Then sign in to your Figures account or create a free one in seconds with Google sign-in.
- Hey presto! Explore salary estimates on LinkedIn to your heart’s content.
So, why should you bother giving the PayPredict beta a test drive?
Well, for one thing, it’s a free tool — what do you have to lose?
But we know you’re a busy professional, and you’re going to need a better reason than that — here are a few more incentives to give it a try.
Based on real-world salaries
Anyone could guess a salary range for a given role — but that’s not what we’re about here at Figures. The insights PayPredict provides are based on our extensive database of real salaries from more than 1,000 companies across Europe. That means that it gives you the most reliable salary estimation you could get from a LinkedIn profile alone.
Real-time data you can trust
Our whole business at Figures is built on a give-to-get model, and our database is constantly being updated with our clients’ salary data. That means the insights PayPredict provides are accurate now, not months ago.
Easy-peasy user experience
The best part? PayPredict works within LinkedIn — and if you’re anything like us, you’re probably hanging out there a lot anyway. Once you’ve installed the extension, all you have to do to see an estimated salary is click one button — literally — from right within your browser. What could be easier?
Ready to give it a try?
If we’ve not convinced you yet, there’s only one thing that will: trying out PayPredict for yourself! Install the extension today and start exploring salaries for free.