Pave

In analyzing the success of your merit cycle, there are a few key stats that every CEO and CFO cares about. Our CEO Matt Schulman breaks down the five key metrics to track, with benchmarks from Q1 merit cycles run in Pave.

NEW GUIDE: The Merit Cycle State of the Union 2024 How are companies approaching merit cycles in a market that's still recovering? We looked at Pave data to see trends in performance rating benchmarks, cash adjustments, and equity. Across the board, we’re seeing: ▶ Tighter merit cycle budgets ▶ A slight drop in the median for promotion-based raises  ▶ Re-evaluation of equity distribution—companies are being more judicious about equity grants But not all trends are conservative. Check out our full guide with insights from our partner Alpine Rewards on performance rating systems, rates of promotion in job families, and equity distribution by role and geography. Download now: https://lnkd.in/gE-My7zb #meritcycles #performancerating #equitytrends #totalrewards

Are your managers ready for comp conversations? According to Pave’s most recent merit cycle analysis, the median percentage increase to overall salary (across eligible employees) was 3.3%. Given the economic climate, employees might have tougher questions about their comp. But with the right preparation, expectation setting, and education, HR teams can help put employees and managers at ease. Learn how to prepare, execute, and close out compensation conversations in a way that drives trust and credibility across an organization. Read more: https://lnkd.in/gDr9bBUg #compensationconversations #meritcycles #performancereviews

Looking to tap into the wealth of technical talent in LATAM? Next week, we’ll be joining Revelo, Deel, and Karat in a webinar to discuss the strategic benefits of hiring Latin American developers. We'll cover approaches for identifying and compensating this talent. ➡ Save your spot now! https://lnkd.in/g-it3eAj

Has market turbulence changed equity plan design? Turns out public and private companies are responding pretty differently these days. Public companies are experimenting with new ways of managing equity like shortening vesting schedules, accelerating vesting, and removing cliffs, to protect annual incentives for employees. Private companies, on the other hand, are sticking to traditional equity practices, like 4-year vesting schedules, 1-year cliffs, and linear vesting structures. Learn more about these trends from Pave's data: https://lnkd.in/gP8S7SDm #equityplan #equityplandesign #compensationdata 

How successful was your merit cycle? Use our free Merit Cycle Scorecard as a rubric for evaluation: https://lnkd.in/gYYDbWrk Running a quick retrospective can help you communicate impact to leadership, celebrate your team, and gather the support needed to make changes or improvements. What you'll get: - A scoresheet to help you evaluate the success of your merit cycle  - The most important metrics to share with senior leadership - Discussion prompts to help your team pinpoint areas for improvement #meritcyclemetrics #meritcycles

🎙️”Pave’s vision is to unlock a labor market built on trust. I think that’s so inspiring — it’s not about keeping compensation decisions behind a closed door anymore.” — Katie Aldred, Consulting Partnerships Lead — In this week’s Employee Spotlight, we’re thrilled to feature Katie Aldred, Pave’s new Consulting Partnerships Lead. Katie joins us from impressive runs at Sequoia and Radford, bringing over a decade of experience and insights to the team working with top-tier clients in compensation. In our Q&A, Katie shares the opportunity she saw at Pave, what gets her excited about Pave’s product, and why compensation is important to her. See what she had to say: ➡ https://bityl.co/PgcS

Merit Cycles are a big event for Total Rewards leaders: the lead-in is long, the anticipation is palpable, and everyone is watching. After months of planning, communication, and execution, you'll want to recap: - How successful the program was - Where can efficiencies be made - What success actually looks like In our newest blog, we’re sharing 3 key metrics to look at to improve your team's merit cycle process and communicate the business impact it had across the org. https://lnkd.in/gRBtj5_f [TEMPLATE] We also whipped up a free metrics template to use as a starting rubric. Download it here: https://lnkd.in/gYYDbWrk #meritcycles #meritcyclemetrics #compensationmetrics #totalrewardsleaders

🎙️“I am thrilled to cultivate proactive partnerships with our Pave customers—collaborating closely to understand their unique business challenges and goals.” — Charlie Nelson, VP of Customer Success & Revenue Operations — At Pave, we’re assembling a world-class team of data-driven leaders who care deeply about the challenges total rewards leaders face and the future of compensation. That’s why we could not be more thrilled to have Charlie Nelson join Pave’s leadership team as our new VP of Customer Success & Revenue Operations. We asked Charlie about the opportunity he saw at Pave, what excites him about the future of compensation, and what customers have to look forward to this year. See what he had to say in this Q&A: ➡ https://bityl.co/PWk4

Don't miss our live webinar tomorrow at 10am PT! 📅 🕙 Join Octavio Cardenas, Managing Director of Employee Rewards at Alpine Rewards, and our own CEO Matt Schulman, as we dive into the aggregate findings from merit cycles run by Pave’s community earlier this year. You'll learn: ✅ Aggregate and year-over-year trends in salary adjustments and equity grants ✅ Common breakdowns in spend by promotion type, department, leveling, and more ✅ Predictions as to what these trends mean for compensation in 2024 Register here: ➡ https://hubs.ly/Q02t2n8N0