What is a fair salary in a Nordic-based startup?
One of the hardest things to do in business, is finding the right price. Whether it is the price of a product, a service, a company or simply the price of a great team. For a startup, finding the right team, and making sure that they stay satisfied and motivated, is crucial for successfully scaling the business. Offering the right salary is an important part of this equation, but, unfortunately, there is limited data and transparency on this topic today.
Arkwright X work and meet with talented startups every day and follow the Nordic startup scene closely. Together with Danske Bank, and with the support of StartupLab and a range of fantastic partners across the Nordic region, we set out to gather the necessary data to get a better understanding of salaries in the startup scene, in each of the Nordic countries. This resulted in the Startup Salary Survey, which is a guide to help entrepreneurs, investors, candidates and others benchmark the price of startup talent.
In this post we share some of the salary benchmarks from the report, which we have found to be the very useful (no, we are not biased…). If you want to read the full report and lots of interesting findings, you can find it via the link below.
Read more about the report and salary benchmarks on Medium.
You can find the full report.