Infographic: Q1 2023 Compensation Trends
The economy ruled compensation in Q1 of 2023. As layoffs more than tripled compared to prior periods, open headcount also froze — as did salary increases, bonuses, and equity grants.
Compensation queries from the OpenComp platform tell a clear story that companies are most concerned with pay law compliance and doing more with less. But competition for technical roles and a low unemployment rate show us it’s still a talent market. And unprecedented SaaS startup behavior signals just how impactful today’s limited VC dollars really are for that part of the market.
Below are the compensation trends for Q1 2023: