Creating an effective compensation plan can feel like a juggling act. It’s not just keeping up with ever-changing market rates and managing burn—it’s about ensuring fairness and staying competitive.
When your compensation strategy is not on point, you could lose valuable team members and have trouble attracting the people you need to grow your business.
That’s why Sequoia is excited to partner with Carta, a leading provider of private market salary and equity data, to help joint customers create and implement an effective compensation strategy. By combining Carta Total Compensation (CTC) private market salary and equity data with Sequoia’s Comp Advisory service and Comp OS™, joint customers can build a holistic pay program for a modern workforce that aligns with business objectives and scales with growth.
Establishing a thoughtful total rewards strategy is the key to gaining a true people advantage. With this packaged solution, our team has the ability to provide strategic insights and bring the data to life, so we can help VC-backed companies, across any stage or economic conditions.
“Compensating your employees fairly while managing burn responsibly is crucial, and next to impossible without the right data and expertise,” said Josh Steinfeld, Carta’s principal product strategist. “By partnering with Sequoia, our customers have access to the data and expertise they need to create a compensation strategy that controls costs and maximizes retention.”
What to expect:
- Seamless data flow: With our new partnership, joint Carta and Sequoia customers can now view their equity information and CTC benchmarking data within the Sequoia People Platform. No need to toggle back and forth between software providers when you need to strategize a compensation plan. Now, all the equity and benchmarking data is readily available.
- End-to-end tech-enabled service: Joint customers receive hands-on guidance from Sequoia’s Compensation Advisors. Together, you’ll have the resources you need to create a clear compensation strategy that meets your business’s unique needs and a trusted partner to operationalize your compensation philosophy through Sequoia’s tech-enabled services platform.
- One source of truth: Now, Sequoia’s Compensation Advisors can leverage Carta’s comprehensive and real-time private company data to help VC-backed companies craft a compensation strategy that positions your business for success, regardless of the economic landscape.
- Flexible services for every company stage: Whether you’re a new startup looking to make your first few hires or a booming enterprise that wants to create a competitive total rewards package, you can get the expert guidance you need to create a compensation program that attracts, motivates, and retains key talent. Sequoia can help you define your total rewards philosophy and help you put CTC data into action to create job architectures, compensation guidelines, and an executive compensation strategy.
Sequoia clients can receive streamlined access to demos and more information here.
