Paycheck India launches Salary Checker Tool

Online, December 22, 2009 (Newswire.com) - Ahmedabad, Gujarat, 23th December, 2009 -

Do you earn what you are worth? This is a question every professional faces some time in their career. What could be better than a salary checker - that helps you decide it in a span of a few minutes? www.paycheck.in is one website which offers this unique tool to help you figure out if you deserve a salary much more than what you earn.

Paycheck India (www.paycheck.in) believes in "Sharing and comparing wage information, contributing to a transparent labour market, collecting wage data through web surveys and providing free, accurate wage data through salary checks on national websites"

"Salary Checker" on the website helps one to understand the current compensation situation and trends. It gives the viewer a summary of the job's salary pattern on the basis of data collected by the website. It gives a fair idea about the about the ratio of male-female employment and the experience in years held by them in that particular sector. It further assists them in estimating how many people in that sector hold a supervisory position and if majority of them are men/women how it has an impact on his/her salary.

This information will be beneficial to not only those who are employed in the sector but also those who are set to enter it. Through this tool employers also get an indication of ongoing market rate for the job and help them calculate the salary figures that they need to pay to their prospective recruits, and also make appropriate offers to retain worthy employees.

In order to draw some concrete conclusions regarding one's employment, Salary Checker helps answer some of the questions:
1. Salaries drawn by their colleagues every hour/ week/ month/ year (maximum, minimum and average)
2. The salary that they deserve on the basis of their qualifications and experience
3. The benchmark that needs to be set when looking for a new job with reference to compensation

With the help of the bar charts, the users get information regarding male-female percentage of employment in the sector from future perspective, their age, their education and experience levels, supervisory position of the colleagues.
It arrives at these estimates on the basis of the number of observations / data collected on the website. The calculations and analysis of the compensation do not include: allowances, bonus, tips or other benefits. The website respects the privacy of the users and maintains complete confidentiality of its users and does not reveal profiles on its database.

This tool, through a graphical representation, would also help them know their future salary trends with respective change in their:
• Education levels
• Supervisory position
• Firm size
• Male-female ratio of employment

For additional assistance and information on "Paycheck India launches Salary Checker Tool", log on to http://www.paycheck.in
Salary Checker - http://www.paycheck.in/main/salary-checker-1

ABOUT PAYCHECKINDIA -

Paycheck India is part of WageIndicator Foundation (a non-profit labour empowerment initiative) which has websites in 46 countries across the globe. Paycheck India (www.paycheck.in) is a joint research initiative between Indian Institute of Management, Ahmedabad, WageIndicator Foundation, Amsterdam, University of Amsterdam, The Netherlands. Fill up the Salary Survey at Paycheck India and know more about your salary and wages in India.