H2 2024 STATE OF STARTUP COMPENSATION

Summary from the TLDR Founders newsletter

Carta's latest compensation report revealed significant shifts in startup hiring practices, with monthly new hires down 53% year-over-year while employee retention improved as both voluntary and involuntary departures declined. Though engineering remains dominant, sales roles now account for nearly 20% of all new hires, and companies are increasingly recruiting in-state talent - jumping from 37% to 49% for mid-valuation startups since 2022, all while equity continues to play a smaller role in compensation packages than it did three years ago.