Pave is a real-time compensation platform that integrates with HRIS systems to provide accurate salary and equity benchmarking data from over 7,500 companies. It enables organizations to streamline compensation planning and communication, ensuring competitive and transparent employee compensation practices.
Funding
$163M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Compensation planning is often based on outdated survey data and manual spreadsheets, leading to inaccurate benchmarks and inefficient workflows. This can result in misaligned compensation strategies, difficulty attracting and retaining talent, and a lack of transparency for employees.
Solution
Pave offers a real-time compensation platform that integrates directly with HRIS systems to provide up-to-date salary and equity benchmarking data. By aggregating data from over 8,500 participating companies and over one million employee records, Pave enables organizations to make informed compensation decisions based on current market conditions. The platform streamlines compensation planning, facilitates transparent communication of compensation details, and helps companies optimize their compensation strategies to stay competitive. Pave's end-to-end solution covers everything from band refreshes to merit cycles, all within a single platform.
Target Audience
Pave's primary customers are HR and compensation professionals at companies of all sizes, particularly those in high-growth industries, who need accurate, real-time compensation data to attract and retain top talent.
Features
- Real-time salary and equity data from 8,500+ companies via HRIS integrations
- Granular data insights across 55+ countries and 90+ international cities
- Compensation workflows to streamline band refreshes, planning, and merit cycles
- Total Rewards portal and visual offer letters for clear communication of compensation details
- Integration with existing HRIS systems for a unified view of total compensation
- Market Pricing tool to encode compensation philosophy and reprice faster
- Executive compensation records