Salary Prediction Feature

A quarter, a three-month period, is used for budgeting and reporting purposes.

So, how do we forecast the next quarter’s and year’s salaries?

We use the current quarter’s and next year’s salaries to be able to make a prediction of how salaries will grow or vary the following quarter or years. To forecast this, we gather different macroeconomic metrics such as inflation, offer and demand, and so on!

For example, if the demand for a position is very high and there is little supply, this will cause the salaries of that position to grow, and we can know this when there are many job offers and there are companies that start hiring more of a specific position. We use different tools to be able to predict inflation in the upcoming months and see what impact it will have on salaries.