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Crypto Talent Wars Fuel Sweeter Salaries, Better Perks

bitcoins and an open hand, illustration

Crypto startups could once count on their missionary appeal to woo and retain top-notch talent, along with the possibility of a big payoff from tokens and equity they doled out to employees. In exchange, many employees didn't mind missing out on some standard job perks or even taking slight haircuts on salary.

Now though, as venture money pours into the category and competition for talent soars, crypto firms are sweetening their compensation and benefits packages. Some are trying to catch up to a tech industry known for generous pay and lavish perks. Others who are already close to those tech giants in compensation are aiming to exceed them.

Crypto startup IOHK plans to begin offering a new benefit this year, a crypto-token award that will vest over three years.

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