Yacht Crew recruitment agency YPI Crew has launched a new peer-to-peer salary comparison website for the yachting industry designed to add a greater level of transparency to how much do yacht crew really earn.
www.yachtingsalaries.com has attracted over 100 salary entries since launching just a few weeks ago, quickly establishing the site as offering the most comprehensive and up-to-date salary database available within the global yachting industry. Salary data on the website is free for anyone to access.
Laurence Lewis, director of YPI Crew explained, “We wanted to take the traditional paper-based salary survey to a whole new level. We are often asked by captains working on their annual budget for salary information and likewise, many candidates ask for advice; We have always felt frustrated with the yearly salary review we used to produce as the salary ranges presented were so broad that in reality they were of little use. We realised that there is a real trend for people to freely exchange valuable information and this current concept taps into that trend”.
Yachtingsalaries.com operates on a “give to get” model. By providing accurate and anonymous salary data,you get access to all the salary information shared by other members of the yachting community.
Any inflated or inconsistent salary entries can be 'flagged' as suspicious by other members of the community or by YPI Crew, and quickly removed from the system to ensure the accuracy of data is maintained. The site makes use of the median to report cumulative salary results, helping to lessen the impact of any 'extreme' salary entries.
Laurence went on to say, “So far the yachting community has embraced the concept with open arms. We have been overwhelmed by the response to the site so far. People have contacted us to say how grateful they are to finally have access to a salary resource that considers more than just a person’s job title and size of yacht.”
One of the other key differences of the site over the traditional ‘once a year’ salary survey is that salary data is continually added by site visitors on a daily basis, with the salary database updated in real time and available for instant searching.
Laurence concludes, “As salary entries to the site continue to grow each day beyond the 323 salaries we’ve already captured, our hope is that the site becomes a rich and indispensable research resource that is continually referred to by yacht crew seeking work and employers alike.”
For more information, visit YPI Crew.