Nigerian startup data is hard to come by. This makes benchmarking one’s practices virtually impossible. I was thus delighted to come across the startup employee survey in this thread.
I’m using the data to help me benchmark how I treat current and potential employees. Easiest to start with of course is salaries. This is very crude with multiple biases and observational errors, so take with many bags of salt.
Judging by this, you could probably get away with offering 50k as a starting salary.
This would suggest a salary around 75k as quite competitive.
To arrive at this, I took a midpoint of the salary range provided in the survey. The 150k wasn’t included in a range, so represented it as 150k in the ‘With 150k’ set as it was impossible to know the exact amount.
There are multiple ways to slice this data to provide more insight. The above two are quick and useful insights.
Please keep the data coming. We all need it so we can benchmark things.