Figuring out the right salary for your role can be tricky. Everyone seems to have an opinion, but how do you know what’s real?
1. Opinions/Social Media or Forums (Least Reliable)
People love to talk about salaries on social media and in casual conversations. Remember that opinions are often Trojan horses for hidden agendas. People often have their own reasons for saying what they do. Sometimes, people are motivated to post false numbers to influence opinions and set certain expectations in the job market. Also, they might exaggerate to look good and impress others in public while downplaying their earnings when talking to coworkers. It’s hard to know what’s true.
2. Surveys (Better, But Not Perfect)
More structured than opinions. Helps to collect more information, including the demographics of the participants so you can analyse them better. But since the answers are self-reported, this information can contain biases and false information.
3. Research (The Best Method)
The most reliable understanding of salaries often comes through proper research. A mix of different sources including informal conversations, online surveys, and platforms like Glassdoor. In some cases, information gathered directly from companies adds valuable perspective. When data is collected from multiple angles and cross-checked, the result tends to be a more accurate and balanced view.
Not all sources hold equal weight. Information from trusted or direct sources usually carries more value than unverified hearsay. In practice, combining many sources while being mindful of their reliability often brings researchers closer to the actual market range.
Finally: Salary details are usually considered confidential in most workplaces, which makes finding accurate numbers challenging. No single source can provide the full picture. It seems that a layered, evidence-based approach is the closest thing to a scientific method when trying to understand compensation standards.
A multifaceted professional known for diverse interests and contributions in various fields, including management, technology, education and entrepreneurship. Also the founder of ITPro.lk, bringing a unique perspective and industry knowledge to writing.
