This is a super interesting article about the trends of remote vs hybrid vs in-office work over the last few quarters (tl/dr - the % of remote jobs is clearly decreasing). We're seeing pretty similar trends among our Guild Talent clients as well.
I firmly believe that employees should have the autonomy to decide when to work in the office and when to work remotely. Flexibility is key—rigid policies aren't always effective. While there are times when in-person collaboration is necessary, a purely remote setup isn't always ideal. Similarly, mandating a specific number of hybrid workdays doesn't necessarily yield better results.
The notion of requiring employees to be in the office full-time is outdated and counterproductive, yet it is unfortunately gaining traction, often leading to employee dissatisfaction. The most effective approach is to trust your team to determine what works best for them. Empower them to decide when to come to the office based on their work needs. This fosters a more motivated and productive workforce.
Great report from General Catalyst!
The survey reveals essential trends in equity compensation, crucial for attracting and retaining top talent in high-growth phases:
- 66% of companies award refresh grants worth 25% or less of new hire benchmarks, a key metric for competitive compensation.
- 82% report that these grants significantly impact retention, underscoring the importance of strategic equity packages.
- 87% prioritize individual performance when granting equity, aligning with the best practices for rewarding top performers.
For recruiters and hiring managers, these insights provide valuable benchmarks to structure equity packages that attract top-tier talent while managing equity dilution effectively.
Thanks Katie Hughes for sharing and congrats to Guissu Baier & Grant Rivas on this report.
General Catalyst's 2024 Equity Refresh Survey compiled over 160 data points on key questions, including eligibility, timing, and grant size. Congratulations to Guissu Baier and Grant Rivas on this report!
Some major takeaways:
-Refresh grants are typically 25% or less of current new hire benchmarks
-25% or fewer of employees receive refresh grants annually
-Nearly half of refresh grants have no vesting cliff
Access the full report here →
This was a great and efficient search right out of the gate. We're grateful for the partnership Russel Dulay and very happy with the results. Here's to many more hires like this one!
#hiring#executivejobs#leadershipteam#leadership#recruiting
Senior Business Consultant @ ION | Treasury and Risk Management (TRM)
1wI firmly believe that employees should have the autonomy to decide when to work in the office and when to work remotely. Flexibility is key—rigid policies aren't always effective. While there are times when in-person collaboration is necessary, a purely remote setup isn't always ideal. Similarly, mandating a specific number of hybrid workdays doesn't necessarily yield better results. The notion of requiring employees to be in the office full-time is outdated and counterproductive, yet it is unfortunately gaining traction, often leading to employee dissatisfaction. The most effective approach is to trust your team to determine what works best for them. Empower them to decide when to come to the office based on their work needs. This fosters a more motivated and productive workforce.