Track Record WageIndicator

WageIndicator Sustainability: its Strengths

By Martin Kahanec, WageIndicator Office Bratislava / Director Celsi, Central European Labour Studies Institute, Bratislava

With its vision of providing more knowledge about and understanding of the labor market in order to enable informed decisions for a happier working life, WageIndicator is a forefront enterprise reaching out to millions of web visitors and their families and friends around the globe and round the clock. The knowledge base, social networks and trust within the network and with respect to its stakeholders which WageIndicator has amassed and nurtured over its 15 years of existence, leads to a few specific strengths. These will ensure its sustainability in the medium and long term. 

Addressing Real Needs of Real People

First and foremost, WageIndicator addresses real needs of real people: be better informed about wages, career options and labor law when making decisions in the labor market. Only if people acquire accurate and unbiased information will they be able to realize their full potential in the labor market and ensure a decent living for their households.

In a global, rapidly changing environment only innovative enterprises, flexibly responding to changing technologies and demand, can flourish. WageIndicator takes advantage of some of the most innovative data collection techniques. The network organization of its operations makes for precisely this type of readiness to meet and address such challenges and provide valuable services to its stakeholders. There are several specific advantages of WageIndicator data vis-à-vis traditional and other new collection techniques.

The Scale of Operations is Truly Global

First, spanning the Netherlands, Argentina, Australia, Belarus, South Sudan, Tanzania and about eighty more countries there is no other harmonized global labor survey anywhere near the scale of WageIndicator.

The Data is Fresh and Readily Available

Second, WageIndicator data is available within hours after collection.

Tailor-made to Suit Each Occupational Profile

Third, in contrast to most ‘big data’ collection techniques, WageIndicator reaches out to real people who report about their wages and labor market situations, but who also share social and demographic variables and preferences. Therefore it is able to generate tailor-made information for its visitors. For example, its checkers can answer not only the question how much nurses earn on average, but also questions about the expected wage of a nurse with tertiary education, five years of experience, a supervisory position and other characteristics.

Cruising through Time and Space

Fourth, the scale and scope of its data collection enable WageIndicator to provide information about workers over time and even if they move across countries. This also enables WageIndicator to reach out to marginalized communities who normally do not respond to traditional data collection techniques.

 

Wages in Context

Fifth, WageIndicator collects data not only wages and employment, but also on labor law, collective bargaining agreements, and prices, enabling it to provide information about Wages in Context. This facilitates accurate interpretation of and trust in its statistics and its information in general.

Track Record

Web visitors, employees, employers, trade unions, journalists, academics, policy makers and others - all of those with a stake in the labor market - WageIndicator can provide with better information about the labor market in a timely manner. Its global network of collaborators is a key asset not only for collection and analysis of data, but also for the dissemination of information and results which ultimately is the fulfilment of its vision. Innovation within this prolific network and its flexible structure will determine what WageIndicator will be in five, ten or fifty years from now.  It has shown to be up to challenges in its past. Therefore, its track record combined with the advantages of its services summed up above,  are all reasons to believe that it will be able to build on this success and thrive in the years to come, fulfilling its mission and vision.

 


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