A recent study revealed that crypto firms situated in the US often provide better compensation compared to their overseas competitors, regardless of the job or amount of expertise.
Among 49 portfolio businesses surveyed in 2023, the average US crypto salary was 13% higher than the global average, with 30% more generous stock and token packages.
Salary ranges for entry-level crypto engineer jobs in the US are $105,000 to $154,000, whereas comparable positions abroad pay $86,000 to $136,000.
Around $143,900 is the going rate for CEOs in the US for seed-stage business founders. At over $140,000, this is a little more than their international colleagues. There is a ceiling of $300,000 that US entrepreneurs may make once their firms reach the Series C level.
More than three-quarters of all businesses, regardless of size, stage, or financing, were sourcing employees from countries other than the United States, according to the report.
Companies in the United States that only recruit from inside the country showed no signs of being willing to compensate employees for rising costs of living. This can be a result of the stability of the American cost of living in comparison to other countries or of the fierce competition for jobs in the US.
Half of the US firms that hired abroad adjusted pay for the cost of living, while the other half did not. This showed a more balanced approach.
According to the results, most businesses, particularly those in their initial phases, don’t bother to factor in inflation when calculating employee pay. But, as businesses develop and grow, they often contemplate salary adjustments in response to changes in the cost of living.
Also Read: UK authority will crack down on cryptocurrency market manipulation March 19, 2024
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