Company Research Report: Compa Technologies, Inc.



Company Overview



Name and Mission


  • Name: Compa Technologies, Inc.

  • Mission: Compa is the leading real-time compensation market data platform. Their mission is to modernize compensation strategies by providing real-time data, effective benchmarks, and actionable insights to navigate volatile markets.


Founding Information


  • Founded By: No information is available

  • Founded In: No information is available


Key People


  • Charlie Franklin: Co-founder & CEO

  • Joe Malandruccolo: Co-founder & CTO

  • Taylor Cone: Co-founder, Innovation & Operations


Headquarters


  • Location: No information is available


Number of Employees


  • No information is available


Revenue


  • No information is available


Known For


  • Known For: Compa is known for being an innovative compensation market data platform, offering real-time data to provide clarity and accuracy in compensation planning and benchmarking.


Products



Product Overview


Compa offers a suite of products designed to streamline compensation data collection, analysis, and reporting. Their products leverage real-time data to improve offer acceptance rates, benchmark compensation effectively, and manage stock compensation.

1. Automate Submissions


  • Description: Automates data collection by pulling information directly from Human Capital Management (HCM), Applicant Tracking Systems (ATS), and Stock admin systems.

  • Key Features:

  • Real-time data extraction

  • Multi-source matching

  • Best-in-class privacy standards


2. Benchmarking


  • Description: Provides visualized employee cash, grant-level stock compensation, and the latest offer data for easy benchmarking.

  • Key Features:

  • Real-time market data visualization

  • Precision using job codes, titles, and descriptions

  • Data science layer to detect outliers


3. Stock Intelligence


  • Description: Analyzes unvested equity values to real-time market data to identify retention risks and shifts in vesting schedules.

  • Key Features:

  • Real-time equity comparison

  • Spotting retention troubles

  • Insights on vesting schedules


4. Privacy


  • Description: Ensures data privacy with measures such as minimum data requirements, privacy blockers, and smart filters.

  • Key Features:

  • No Personally Identifiable Information (PII)

  • Robust privacy measures

  • Data security compliance


Recent Developments



Recent Developments at Compa


  • Product Launches:

  • Market Intelligence Platform: In June 2024, Compa launched a new market intelligence platform aimed at shifting compensation strategies from survey reliance to real-time data.

  • Equity Comp Trends in AI Engineering: An event held in August 2024 highlighted new trends in equity compensation for AI roles.


  • New Features:

  • Unvested Equity Analysis: In September 2024, Compa introduced methods for calculating and communicating unvested equity values.

  • Geo Tiers for Equity Guidelines: In August 2024, a new feature was introduced to save costs by switching equity guidelines to geo tiers.


  • New Partnerships:

  • Partnered with companies such as DoorDash, Airbnb, Nextdoor, Instacart, Autodesk, Workday, Micron Technology, and NVIDIA to enhance compensation planning and benchmarking capabilities.


Events and Webinars


  • "How to evaluate and use unvested equity to retain top talent": September 12, 2024

  • "Equity comp trends in AI Engineering": August 22, 2024

  • "US vs Canada: Pay transparency, Equity, and Opportunity in 2024": July 11, 2024

  • Virtual Product Launch by Charlie Franklin: June 18, 2024

  • "How Walmart overhauled its pay architecture strategy": June 6, 2024

  • "How to use offers to build a winning comp strategy": May 30, 2024


Testimonials and Customer Success


Quotes from top compensation leaders at companies like DoorDash, Airbnb, and Nextdoor reflect the impact and innovation brought by Compa’s products in streamlining real-time compensation data use.

  • Nick Klute, DoorDash: "In the tech sector, compensation changes can happen rapidly, and if you’re not up to speed on these changes and expectations, your offers may fall flat."

  • Nicky Dietrich, Airbnb: "Congratulations to the Compa team! Incredibly innovative product that fills a big need in the comp market. Excited to see what comes next on the roadmap."

  • Chris Koski, Nextdoor: "Compa is figuring out real-time compensation data, making it easier to benchmark and build compensation strategies."


Customer Stories


  • Nextdoor’s Use of Compa: Enhanced compensation planning with real-time offer data.

  • Nuro’s Offer Acceptance Rates: Achieved a double-digit increase in offer acceptance rates using Compa.





This concludes the detailed company-focused market research report on Compa Technologies, Inc.