Yachting Salary Secrets Revealed

Discover our peer-to-peer salary comparison website for the yachting industry designed to add a greater level of transparency - how much do people really earn - on www.yachtingsalaries.com

We are often asked by captains working on their annual budget for salary information and likewise, many candidates ask for advice on what their salary should be. We have always felt frustrated with the annual salary review that we used to produce as the salary ranges presented were so broad that in reality, they were of little use so we decided to take the traditional paper-based salary survey to a whole new level. 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.

YPI CREW yachting salaries

Image by Mark O’Connell

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.

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.

To visit the site to contribute your salary or, conduct a free search of the salary database, go to www.yachtingsalaries.com