Private-Market Pay Benchmarks That Include Equity

Carta Total Comp pulls from 40,000+ actual private company data points—cash and equity—so Series A through growth-stage HR teams stop benchmarking against irrelevant public company proxies.

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Carta Total Comp: Private-Market Compensation Data for Scaling Companies

The Challenge

Compensation planning at growing companies has always involved a certain amount of educated guesswork. For mid-market HR teams—those managing headcounts between 100 and 500 employees—the stakes are particularly high. You're competing for talent against both well-funded startups offering generous equity packages and established enterprises with deep pockets for base salaries. Getting pay wrong means either overspending on compensation or losing candidates to competitors who better understand the market.

The problem compounds when equity enters the equation. Traditional compensation benchmarking tools were built for public companies with straightforward cash compensation. But venture-backed businesses operate differently. A significant portion of total rewards comes in the form of stock options or restricted shares—compensation elements that most legacy tools either ignore or handle poorly. HR leaders end up cobbling together data from salary surveys, informal founder networks, and whatever publicly available information they can find. The result is compensation decisions made with incomplete information at precisely the moment when attracting and retaining talent matters most.

How Carta Total Comp Approaches It

Carta Total Compensation leverages what the company knows better than almost anyone: private-market equity data. Built on top of Carta's cap table management platform—which serves over 65,000 companies—the tool provides compensation benchmarks derived from actual private company pay data rather than self-reported surveys or public company proxies. The dataset includes more than 40,000 data points updated quarterly, covering both cash compensation and equity grants across roles, levels, and funding stages.

The platform's core functionality centers on benchmarking and planning. HR teams can compare their compensation structures against peer companies filtered by role, geography, company stage, and amount of capital raised. That last filter matters significantly for startups: what a Series A company pays differs meaningfully from Series C norms, and generic "tech industry" benchmarks often obscure these distinctions. Recent additions include international data spanning over 40 countries and specialized benchmarks for advisory and board compensation—addressing gaps that startup HR teams frequently encounter.

Beyond benchmarking, Carta Total Comp provides tools for building out compensation frameworks. Teams can establish pay bands with minimum, target, and maximum ranges by level, create multiple hiring scenarios to model headcount and equity pool impacts, and generate total rewards statements for employees. The employee-facing portal shows individuals their complete compensation picture: salary, bonus eligibility, and current equity value in one view. This addresses a persistent communication challenge at equity-heavy companies where employees often underestimate their total package because equity feels abstract.

What distinguishes the approach is the integration with Carta's equity management infrastructure. Rather than treating cash and equity as separate systems requiring manual reconciliation, Total Comp pulls directly from cap table data. Machine learning algorithms handle role matching and pay-band smoothing, automating work that would otherwise require spreadsheet gymnastics. A partnership with Sequoia's CompOS platform extends this further, connecting compensation planning to broader advisory services for venture-backed companies.

Who It's Built For

Carta Total Comp targets venture-backed companies that have outgrown ad-hoc compensation practices but haven't yet scaled to enterprise HCM systems. The sweet spot appears to be Series A through growth-stage businesses—organizations large enough to need systematic pay structures but still operating in the private-market talent ecosystem where equity matters as much as cash.

Companies in this category typically share certain characteristics: they're hiring across multiple functions and geographies, equity is a meaningful component of offer packages, and they're competing against other well-funded startups for the same talent pools. If you find your HR team spending significant time manually benchmarking roles against incomplete data, or if candidates regularly push back on offers because they can't evaluate equity components, those are signals that more sophisticated tooling might help. The requirement for HRIS integration to unlock full functionality—including reports and scorecards—suggests the product assumes a certain baseline of HR infrastructure maturity.

What Customers Are Saying

Public customer evidence for Carta Total Comp remains limited, with only four reviews currently on G2 yielding a 4.4 out of 5 rating. Among available feedback, a talent specialist at 3BoxLabs—a blockchain startup with distributed employees—offered a representative perspective: "Carta Total Comp is easy to use, integrated into our platform, and has a wide dataset for every country we need." The comment highlights what early adopters seem to value most: data breadth, usability, and integration with existing Carta infrastructure.

The relative scarcity of reviews reflects the product's position as a newer entrant in the compensation management space. Competitors like Salary.com and Payfactors have accumulated hundreds of reviews over longer periods. For prospective buyers, this means relying more heavily on demonstrations and reference calls to evaluate fit. The quarterly benchmark updates and active product development—including recent additions of Canadian city-level data and funding-stage filters—suggest ongoing investment in addressing customer needs.

Getting Started

Carta does not publish pricing for Total Comp, requiring prospective customers to engage with sales for quotes. The product appears to be sold as an enterprise add-on to Carta's broader platform, likely with annual contracts. Implementation involves integrating an HRIS—Carta has documented integrations with systems like BambooHR—and mapping existing employee data to the compensation framework. Expect the initial setup to take several weeks depending on data complexity and integration requirements.

Training resources exist through Carta's customer community, including journey guides covering HRIS integration, plan creation, and leveling frameworks. For companies already using Carta for cap table management, the learning curve should be manageable given interface familiarity.

Key Takeaway

For mid-market HR teams at venture-backed companies, Carta Total Comp offers something genuinely difficult to find elsewhere: compensation benchmarks built specifically for the private-market context where equity matters as much as salary. The integration with cap table data and focus on startup-relevant filters—funding stage, advisor compensation, international hiring—addresses real gaps in traditional tools. Companies evaluating the platform should weigh the strength of the data against the requirement for HRIS integration and the relative newness of the product in market.

Learn more at carta.com

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