The State of Global Compensation Report

Compensation is a crucial tool to help businesses stay competitive in today's marketplace.

At Deel, we help over 35,000 companies manage their global payroll and HR. This places us in a unique position to monitor global workforce trends. Today, Deel is publishing our inaugural State of Global Compensation report, a free resource with exclusive trend analyses on the global state of workforce compensation.

Key takeaways

• A US compensation surge: After a brief dip, median US compensation levels have not just rebounded—they've soared past where they stood 18 months ago. This upswing is especially pronounced in engineering and data roles, signalling a booming market for tech talent.
• Compensation leaders are clear: Canada, US, and Great Britain lead in compensation across all job types.
• Yearly salary increases and inflation: We find that workers in Sweden, Spain, Italy, and the UK are enjoying the highest inflation-adjusted salary increases, while workers in countries where inflation is still elevated - Poland, Colombia, Brazil - are seeing a net decrease in earnings. In Turkey, a staggering 46% salary growth is overshadowed by 50% inflation, resulting in reduced purchasing power.
• The gender pay gap narrows: The gender pay gap persists but is narrowing in specific roles and countries. Technical roles in India and Great Britain show a relatively small gap. There's a notable rise in female representation in product and design roles globally. And in the US, we find gender pay parity in marketing and sales positions.
• Equity compensation is meaningful for technical roles: We partnered with equity management platform Carta and uncovered that software engineers often receive equity grants worth 75–150% of their salary, typically vesting over four years. This substantial equity component highlights the value placed on technical talent in today's market.

Download the report for more research findings and insights.

This is the starting point of an annual project to map out changing compensation trends in the world. We hope it will be a useful guide for you and your teams.