Executive Summary & Overview Reports
Technology, Product & Design Compensation Reports
We’re pleased to provide our most recent compensation report update. For this bi-annual release, we summarized offers accepted by technology leaders for the 12-month lookback period between July 1, 2022 and June 30, 2023. This report is inclusive of placements from seed, venture-backed, PE-backed, private, and public companies. The Technology category comprises all tech leadership functions outside of Product & Design.
While compensation has remained relatively flat for the period, we did see a slight decrease across Total Cash and Equity YoY, with the decrease more pronounced for Product & Design roles.
Survey data we collected earlier this year in our Future of Tech Leadership Survey Report indicated that compensation has been stable since markets corrected mid-2022, and a net 15% of respondents report rising guaranteed compensation. Amidst a cooling of the venture funding environment and dislocations among public company shares, growth equity and middle market PE appear to be filling the void with increasingly competitive compensation. Interestingly, equity compensation remains stable (as a % of available pools) despite noise in the system around valuations.
A roll-up of Director, VP, and CXO compensation not based on stage of company.
The following charts present a comprehensive overview of:
Total annual cash compensation, inclusive of annual salary and incentive bonuses (sign-on bonuses are excluded)
Frequency of offers that include an annual bonus, and the percent the annual bonus represents of the annual salary
Frequency of offers that include a sign-on bonus, and the percent the sign-on bonus represents of the annual salary
The initial equity grant percentage (normally spread over a 4-year period) is based on company’s valuation or outstanding shares at time of placement
Questions? Please reach out to your recruiter for more specifics around your stage and/or funding.
Note: Total cash compensation is comprised of annual salary and on-target bonuses, calculated on an annual basis. Sign-on and relocation bonuses are not included in total annual cash compensation totals. Outliers are omitted from Min/Max range lines but are included in mean and median calculations.
Note: Outliers are omitted from Min/Max range lines but are included in mean and median calculations. Equity grant % is based on companies of all types and classifications.
According to our recent survey on The Future of Tech Leadership, nearly 3-in-4 say it has remained challenging to hire tech leaders in the past 12 months, with only a slight drop-off looking ahead. A net 9% will continue hiring at the same or faster pace as the last 12 months vs. those who will pause hiring or reduce headcount.
A roll-up of Director, VP, and CXO compensation not based on stage of company
ABOUT RIVIERA PARTNERSRiviera helps people and companies reach their full potential. As a global driver of innovation, Riviera is solely focused on placing executive leadership talent in the crucial areas of information technology, engineering, product management, security and design for today’s most innovative companies.
With 20 years of experience and deep networks within disruptive segments like AI, cybersecurity, fintech, health-tech and others, Riviera is the go-to talent partner of choice for leading private equity and venture capital investors, public companies and global technology innovators across North America and Europe.
