Company Research Report: Pave

Company Overview

• Name: Pave

• Mission: Pave aims to build the world's best compensation tools and provide easily accessible market data, enabling companies to plan, communicate, and benchmark compensation in real-time.

• Founded By: Matt Schulman

• Founded In: No information is available

• Key People:

• Matt Schulman: CEO and Founder

• William Castillo: VP of Engineering & Product

• Reigan Combs: VP of Marketing

• Charlie Nelson: VP of Customer Success & Revenue Operations

• Samuel Ford: VP of Finance

• Saroj Tharisayi: Head of Legal

• Nicklaus Salzman: Head of Partnerships

• Dan Petty: Head of Security

• Headquarters: San Francisco, CA

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Compensation management platform that integrates real-time salary and equity data to help companies make informed compensation decisions.

Products

Benchmarking

• Description: Provides real-time salary and equity data benchmarks.

• Key Features:

• Largest compensation dataset from 7,500+ companies.

• Global insights for 55+ countries and 90+ cities.

• Equity data from private and public companies.

• Saves time by connecting directly to HRIS and equity systems.

Compensation Bands

• Description: Allows companies to build, edit, visualize, and share compensation bands.

• Key Features:

• Build bands using real-time market data.

• Central repository for compensation bands.

• Shareable with granular access controls.

• Transparently communicate with employees about their compensation.

Compensation Planning

• Description: Helps run organization-wide merit cycles and compensation planning.

• Key Features:

• End-to-end merit cycle management.

• View entire team’s compensation.

• Automated approval flows with in-app commenting.

• Advanced access controls for data security.

Total Rewards

• Description: Enables employees to visualize every aspect of their compensation.

• Key Features:

• Central place for employees to see salary, equity, bonuses, and more.

• Personalized benefits experience.

• Custom branding to align with company culture.

• Automated reward letters for easy updates.

Visual Offer Letters

• Description: Helps visualize total compensation offers to attract top talent.

• Key Features:

• Showcase total compensation, including salary, bonuses, and equity.

• Equity modeling for potential future value.

• Real-time integrations with ATS for seamless candidate experience.

• Customizable branding and engaging UI.

Recent Developments

New Products Launched

• Equity Burn Benchmarks

• Provides real-time data on equity burn rates from public and private companies.

• Helps comp teams manage equity strategies more effectively.

Partnerships

• Greenhouse Partnership

• Integrated real-time offer trends to talent and compensation teams.

• Enhances capability for companies to take action on early signs of compensation shifts.

Case Studies and Success Stories

• Affirm's Pay Transparency Program

• Highlighted how Affirm built a culture of trust through Pave’s compensation tools.

• Credit Karma's Operational Efficiency

• Showcased improved clarity around promotion cycles and enhanced employee retention using Pave.

• Cockroach Labs, HOVER, and Ro

• Demonstrated how these organizations improved their compensation processes with Pave’s tools.

Leadership and Expertise Expansion

• Hosted multiple webinars on critical compensation topics featuring expert panels.

• Announced significant metrics and benchmarks to help organizations stay competitive and manage compensation effectively.

By integrating state-of-the-art technology and comprehensive, real-time data insights, Pave continues to empower organizations with the tools needed to optimize their compensation strategies and maintain competitive advantage in the market.