Schiltz: Rapid tech compensation inflation forced annual salary range shifts pre-2022
Shannon Schiltz · The Truth Behind Salary Transparency · Sep 21, 2023 · at 14:33
Shannon Schiltz, operating partner leading Andreessen Horowitz's (a16z) people practices team, addresses how tech market wage inflation forced companies to update salary ranges far more frequently.
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“Never in a million years did I think that we would see how the market was increasing as it was pre twenty-twenty-two, half of 20, like, second half of twenty-twenty-two. You never had to move your ranges. Right. Your midpoint might move, but we were in a set, we were in a, like, constant progression of, like, you have to move your ranges almost every year because the market was dictating it.”
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