Pequity offers a compensation management platform that integrates real-time compensation data with automated workflows, enabling organizations to streamline their pay cycles and enhance decision-making. The software addresses the complexities of compensation planning by providing a single source of truth for compensation data, improving transparency and efficiency across teams.
Funding
$19M 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.
NVFounders
Product
Problem
Many organizations struggle with the complexities of compensation planning, often relying on disparate spreadsheets and lagging market data, leading to inefficiencies, inconsistencies, and a lack of transparency in pay decisions. This can result in misaligned compensation strategies, increased administrative burden, and difficulty in attracting and retaining top talent.
Solution
Pequity offers a compensation management platform that centralizes real-time compensation data and automates workflows, enabling organizations to streamline their pay cycles and make data-driven decisions. The platform combines the ease-of-use of a spreadsheet with the power of automation, providing a single source of truth for compensation data and improving transparency across teams. By integrating with HRIS and ATS systems, Pequity empowers HR, finance, and recruiting teams to design competitive compensation packages, manage pay bands, and ensure equitable pay practices. The platform also facilitates communication and collaboration among stakeholders, fostering trust and alignment on compensation philosophy.
Target Audience
Pequity's primary customers include HR and compensation professionals, finance leaders, and talent acquisition teams in organizations of all sizes seeking to streamline compensation processes, improve pay equity, and attract and retain top talent.
Features
- Real-time compensation data sourced from market surveys and integrated with internal data
- AI-enabled compensation cycle management for planning, budgeting, and execution of merit increases and promotions
- Range management tools for creating and securely sharing pay bands internally
- Offer workflow automation to accelerate offer creation and improve candidate acceptance rates
- Talent and budget analytics to track compensation spend, identify trends, and generate boardroom-ready reports
- Visual offer presentations to enhance the candidate experience
- Integration with HRIS and ATS systems for seamless data flow
- Chrome extension for recruiters to access compensation data directly within their ATS
- Employee portals for increased pay transparency and understanding
- SOC 2 Type 2 certification, GDPR compliance, MFA, SSO, and regular penetration testing