Building diversity and inclusion initiatives into company values, day-to-day operations, leadership, culture and corporate branding is important, and can help you build a strong, high performing organization. Two of the most important practices for fostering diversity and creating inclusion are structure and consistency.
💡 Tip: Before you begin dedicating time or resources to a particular strategy, it's important to think about what specific barrier you hope it will address, and how you will measure impact.
Below are some resources that companies are leveraging to help with their DEI efforts.
Below are the commonly used comp databases. We encourage you to establish a compensation philosophy early on. Especially for an early stage company, it is impossible to compete on the cash front, so it is critical to help your candidates understand the potential upside in their equity.
is a free survey for VC-backed companies. By contributing your data, you can receive access at no cost. PLEASE NOTE: The database only shows Total Equity, which may include refresher grants and not just initial new hire grants. Given the equity data is often high, we recommend staying within the bounds of the 25th to 75th percentiles and considering both $ value and %.
is a paid compensation database backed by a worldwide consulting practice. The Technology, Life Sciences, and Sales Surveys include small startups to Fortune 100. Equity is denominated in both $ value and %, and New Hire vs. Total Equity is displayed. With global coverage and many specific jobs reported, most companies at the growth stage (post series C) pay for Radford. They will be launching updated and enhanced early-stage solutions this Fall.
is an open-source database of engineering, design, and product salaries. Please note that this is self reported data from employees. Only 2% of the data is validated based on offer letters and W2s, but it may be helpful in providing a general market data.