Web3 compensation survey recently conducted by Variant and USV revealed an encouraging trend during a challenging market. The findings show a somewhat resilient sector amid a bear market, with many companies not altering their hiring plans, particularly for engineers.
The report noted, “A majority of respondents said the prolonged bear market either did not have an impact on their hiring plans or did not change their plans for hiring engineers specifically.”
The key finding notes that web3 startups primarily compete for talent within the web3 space. About half of the respondents compete mainly with other crypto startups for new hires, while 25% compete with web2 companies, and another 25% recruit from both sectors.
“This suggests that during a bear market, it’s easier to recruit from within web3 than attract first-timers to join the crypto space,” the report added.
Hiring more expensive for web3 firms
Web3 companies reportedly face higher costs for talent compared to web2
We współpracy z: https://coingape.com/web3-startups-maintained-hiring-pace-amid-bear-market-with-shifting-compensation-models/
