LinkedIn is the biggest professional network in the world.
LinkedIn filed a patent for a salary range engine to determine salary of a member by correlating profile information of the member with trained salary data obtained from millions of users worldwide.
For example, the salary can be determined based an educational institution described in the profile and a measure of professional seniority.
This data will be very useful for recruiters. Recruiters are one of the biggest revenue sources for LinkedIn. So it makes sense that LinkedIn wants to help recruiters with more advanced features.
However, it may make salary negotiations tougher for the prospective or even the existing employees.
Patent Information
Publication number: US 20160026916
Patent Title: INFERRED SALARY DISTRIBUTION FOR SCHOOLS
Publication type: Grant
Publication date: 28 Jan 2016
Filing date: 23 Jul 2014
Inventors: Luke MacDonald Vilnis
Original Assignee: LinkedIn Corporation