Naukri Launches Salary Comparison tool, PayCheck

Naukri has launched a salary comparison tool called Paycheck, that enables one to check for salaries for a role/work experience/city and degree combination.

For any given role, you can view the salary range (Architect with2 years of work ex are paid anywhere between 1 to 36 lakhs!).

The data is collected from what job seekers have entered in their Naukri profile, and that’s why is sort of questionable  (for most of the profiles (work ex: 7 years), 52 lakhs is the highest salary earned – so something must have gone wrong in normalization).

This is an interesting initiative by Naukri – they have loads of data and need to figure out how data can be mined/played with in order to build useful service.

What’s your take?

Players in this space: JobeeHive, TalentEquity, Shine