Antibes, France May 2016. 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 - how much do people 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 data available within the global yachting industry. Best of all, the salary data is free for anyone to access.
Laurence Lewis Director of YPI CREW explains “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. Put simply, it's a form of sharing - you provide accurate and anonymous salary data by answering a few questions about your current role, and in return you get access to all the salary information shared by other members of the yachting community.
As salary data is entered by members of the community the site works on an honesty system. There is really no incentive for contributors to mislead people about what they earn. 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 also makes use of the median (as opposed to the average) to report cumulative salary results, helping to lessen the impact of any 'extreme' salary entries.
So far the yachting community has embraced the concept with open arms. “We have been overwhelmed by the response to the site so far,” explains Laurence, “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.”
To visit the site to contribute your salary or conduct a free search of the salary database, go to www.yachtingsalaries.com