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by breckenedge 204 days ago
> with average compensation – including employee-related taxes and pension contributions – rising by 60% over the past three year

> Average compensation for each employee has jumped from $126,000 (£96,000) in 2022 to $203,000 today, Klarna said.

3 comments

If I get 10K and my boss gets 400K - our average compensation will be just above the mentioned 203K. But there are some small details, you see...
It’s coffee time in my area so my mental faculties aren’t up to speed, but that doesn’t seem to answer my question.
Wait, they pay 200k as a swedish company to staff? Can someone inside confirm?
I highly doubt it, I know several people who worked (and some who still work) there, no way that's the median compensation for the staff in R&D.

Quick edit: now I see they are adding the pensions into that calculation, tjänstepension is something every company in Sweden has to pay, it doesn't make sense to include it as part of the "average compensation".

>[...] it doesn't make sense to include it as part of the "average compensation".

Unless you want to artificially boost your numbers to sound better in the press release.

Average of costs of compensation - "including employee-related taxes and pension contributions".

The employee sees around half of that. But there must be more to it, since it is still an unrealistic number.