Thelander PC Digest: December 2023

How are Salary Increases Impacted by Total Amount of Financing?

In this month’s Thelander Digest, we are excited to give you a peak at some of our findings from the Thelander 2023 Year-End Merit Increase, Option Pool & Bonus Survey. With more than 350 participating companies, the survey was a huge success.

We explore how CEO salary increases are impacted by the total amount of financing raised to date. We use total amount of financing instead of most recent series raised, headcount, or valuation since it is the most precise way to look at compensation. Let’s dive into the data!

Chart 1 looks at if CEOs received a salary increase for 2024 by total amount of financing. 
As a company raises more capital, the likelihood of a raise gets higher.

Chart 2 takes a look at the actual salary increase percentage. The percentages range from 3.8% to 7.0% depending on the total amount of financing. As a company raises more capital, the range of salary increase gets tighter.

Why is this? The amount of salary increase should be looked at in relation to where the salary is compared to the real-time market comps on the Thelander online platform. The numbers are meant to be a guideline that should be taken into account along with the individual’s performance and the importance of the role to the organization.

How does your salary increase compare to the market?

The full Year-End Merit Increase, Option Pool & Bonus Report is included in a Private Company Subscription to the Thelander online platform. You can trial the platform and see what’s included by participating in the NO COST Thelander Private Company Compensation Survey. All of our data is real-time, customizable, and interactive. 

Participate in the Thelander Private Company Compensation Survey Here