Business social media giant LinkedIn Corporation (LNKD) has launched a new feature that allows users to analyze job salaries and compare their annual pay to that of industry peers.

The new feature, dubbed LinkedIn Salary, is the company’s latest effort to expand beyond typical job postings and social networking. (See also: How does LinkedIn make money?)

The tool allows users access data on a position’s entire salary structure, bonus details and stock options. The company hopes that the tool will allow users to make better career decisions. The location feature, comparing users based on job experience and title, allows individuals to know the salary of peers across the country.

“With LinkedIn Salary, we’ve tapped into our network of more than 460+ million members to provide deep insights into the compensation landscape,” the company wrote in its corporate blog. “This includes salary, bonus, and equity data for specific job titles and the different factors that impact pay such as years of experience, industry, company size, location and education level -- all of which becomes critical knowledge as you navigate your career.

The new salary tools are a direct shot at competitors in the space like Indeed and GlassDoor. The firm wants to incentivize users to submit their salary data by providing them with a year of access to LinkedIn. Individuals who do not want to submit their personal salary data and still access the feature must become Premium subscribers.

On June 13, 2016, Microsoft Corporation (MSFT) announced it would purchase LinkedIn for $196 per share in an all-cash transaction worth roughly $26.2 billion. According to a company statement, LinkedIn CEO Jeff Weiner will remain with the company and report to Microsoft CEO Satya Nadella. The deal is expected to close by the end of 2016. (See also: Microsoft To Buy LinkedIn For $26.2 billion.)

On Friday, Nov. 2, LNKD stock’s closing price at $187.60, which is 4.2% below the expected closing price of the Microsoft deal. (See also: 3 Potential Synergies In Microsoft's Purchase of LinkedIn.)

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