Name: Introducing Pave
Uploaded: 2021-04-26T22:46:19.000Z
Duration: 1 min 44 s
Description: Introducing Pave

Digital Adoption

Help Desk

Web and Video Conferencing

Customer Support

Mobile App Development

Push Notifications

Text Editors

Development

Online Learning

Education

Business Intelligence (BI)

Collaboration

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Recruitment Automation

Resume Parsing

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AI Agent Builder

App Development

Browser

Cloud Storage

Component Content Management

Data Center Infrastructure Management

Fraud Detection

Hosted Virtual Desktop

Hyper-Converged Infrastructure

Integration Platform as a Service (iPaaS)

Internet of Things (IoT)

Managed Print

Network Performance Monitoring

Process Mining

Security Awareness Training

Software Defined Storage (SDS)

Solid State Drives

Tower Servers

Virtual Desktop Infrastructure (VDI)

Virtual Private Network (VPN)

VoIP Monitoring

Web Application Firewalls

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Business Card Scanning

Content Management

Data Management

Digital Analytics

Digital Experience Platforms (DXP)

Email Management

Email Marketing

Event Registration

Graphics

Heatmap and Session Recording

Marketing Automation

Marketing OS

Online Reputation Management

Real-Time Interaction Management

Search Marketing Intelligence

Social Media Management

Social Media Publishing

Survey & Forms Building

Swag Management

Web Analytics

Marketing

Business Caller ID

Project Management

Professional Services

Customer Relationship Management (CRM)

eCommerce

Sales

Assisted Living

Car Rental

Church Management

Construction Accounting

Jail Management

Vertical-Specific

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### Compensation Strategy
Reviewers consistently praise Pave's comprehensive approach to total compensation management. Users appreciate the platform's ability to centralize and streamline compensation planning processes, making it easier to manage compensation cycles, establish pay ranges, and communicate total rewards effectively. While some users express a desire for more reporting features and additional data points in the benchmarking tool, overall, Pave is lauded for its user-friendly interface, customization options, and responsive support team. The tool's automation of manual tasks and its integration with other systems have been highlighted as significant time-savers for HR teams, ultimately enhancing the efficiency and transparency of compensation strategy implementation.

### Compensation Benchmarking
Users appreciate Pave's efforts in enhancing compensation benchmarking capabilities, particularly in a competitive market. While some users find the benchmarking set to be growing but lacking specificity for certain roles, others highlight the platform's user-friendly interface and ease of use. There are suggestions for improvement, such as the need for more data points in the benchmarking tool to better represent all job roles. Despite some limitations, users acknowledge Pave's commitment to incorporating feedback and continuously improving its compensation benchmarking features.

### Salary and Wage Administration
Users generally believe that Pave's compensation management is elevated by its detailed approach to salary adjustments and promotions. The platform's ability to streamline the process of determining base salary, making adjustments, and managing promotions has garnered positive feedback from users. While some users have expressed a desire for more data points in the benchmarking tool and improvements in handling multiple HRIS systems, overall, Pave's focus on salary and wage administration has been well-received for its clarity and efficiency in compensating both new and current employees.

### Employee Benefits
Users generally appreciate Pave's comprehensive approach to displaying total compensation, including benefits and equity. The platform's ability to provide a clear visualization of the value of benefits, equity rewards, and performance incentives is well-received. Some users find the centralized location for benefits information beneficial for enhancing employee understanding and retention strategies. However, there are mixed opinions regarding the inclusion of benefits that may not be utilized by all employees in their total compensation package. Despite this, the visual offer feature during the offer stage is highlighted as intuitive and valuable for both employees and talent acquisition professionals.

### Equity and Stock Options
Users appreciate Pave's ability to effectively showcase the value of equity and stock options within compensation packages. The platform's intuitive interface allows employees to grasp the potential growth and impact of their shares, fostering a deeper understanding of their financial rewards. Pave's feature to toggle share prices and visualize the long-term effects of equity grants has been particularly valuable in retaining employees and attracting new talent. Additionally, the tool's capacity to display the full scope of compensation, including equity and variable performance rewards, has been instrumental in empowering employees with financial knowledge without the need for extensive research.

### Reward and Recognition Programs
Users consistently praise Pave's comprehensive approach to compensation and benefits, particularly its reward and recognition programs. The platform's ability to provide a clear visualization of total rewards, including equity and variable performance rewards, has been highlighted as a valuable feature. Additionally, users appreciate the ease of use in communicating the true value of total rewards to both candidates and employees, ultimately aiding in attracting and retaining top talent. Pave's reward and recognition programs have been described as a valuable tool for enhancing transparency and understanding around compensation and benefits packages.

### Talent Acquisition and Retention
Users consistently praise Pave for its effectiveness in enhancing talent acquisition and retention strategies. The platform's retention tools, such as visual offer letters and total rewards statements, are highlighted as valuable assets for attracting and retaining top talent. Additionally, users appreciate Pave's ability to provide a comprehensive view of rewards, aiding in the retention of both current employees and new hires. The intuitive interface and interactive features contribute to a positive experience for both recruiters and candidates, ultimately strengthening the organization's talent acquisition and retention efforts.

Users of Pave have found that the software helps them solve various business problems related to compensation management. By using Pave, users have been able to scale their compensation processes and eliminate the need for spreadsheets, making it easier to involve relevant stakeholders. This has facilitated onboarding and increased the number of people involved in compensation planning, which would have been impossible with traditional spreadsheets.

Pave has also provided users with visibility into the market and helped them effectively communicate total rewards to new hires. Through features like visual offer letters, users have been able to benchmark new hires and existing staff, create paybands for pay equity, and enhance communication of total rewards to candidates and employees. The software has proven especially valuable when hiring for new roles in growing companies, enabling users to provide competitive, at-market compensation.

One of the key benefits that users appreciate is the time-saving aspect of Pave. The software automates tasks such as hosting merit cycles, establishing pay ranges, and generating compensation statements. It serves as a centralized place for compensation review cycles, rewards visualization, and enhanced compensation education. Users have also found value in the integration capabilities of Pave, as it easily syncs with HR systems like Pulley and Justworks, eliminating the need for manual data input.

Employees have also benefited from using Pave. They are able to view their entire compensation and benefits package, including equity, variable performance rewards, and options. This has given employees a better understanding of their financial situation without needing to study it themselves. Overall, the user experiences with Pave demonstrate that it solves a range of business problems related to compensation management and offers numerous advantages in terms of efficiency, effectiveness, and employee engagement.

Exceptional Support: Reviewers have consistently praised the Pave team for their exceptional and helpful support. They mention that the team is responsive, communicative, and always available to assist users with any questions or issues they may encounter.

Flexibility in Personalization: Users appreciate that the Pave software allows them to make edits to the final outcome, giving them the flexibility to personalize and adjust recommendations as needed. This feature ensures that users can tailor the software to meet their specific requirements.

Valuable Promotion Logic Feature: Many reviewers find Pave's ability to account for promotion logic with equity and budgets to be a valuable feature. They appreciate that the approval chain allows managers at different levels of hierarchy to see adjustments made for their teams or departments, providing transparency and clarity throughout the process.

Burden of Administrative Tasks: Some users have expressed that they find the administrative tasks in Pave to be burdensome and time-consuming. They believe that as Pave grows, there is hope for improvement in this area.

Limited Reporting Capabilities: Users have mentioned a desire for more robust reporting capabilities in Pave, specifically when it comes to comparing different levels of pay against industry standards. 

Mediocre Integration with UKG Pro: According to some users, the integration between Pave and UKG Pro has been described as mediocre. They suggest that Pave could enhance the way they receive and organize data to make the integration more seamless.

Pave is a suite of real-time compensation tools to help companies plan and communicate compensation, from the company operating under the same name headquartered in San Francisco.

Pave

Compensation management software is designed to help an organization maximize the returns on available talent. The ultimate goal is to reward the right people to the greatest extent for the most relevant reasons.

Compensation Management

How to Seal a Block Pave Driveway - Resiblock Superior Demo & Time-lapse

Likelihood to Recommend

Pave (Trove Information Technologies, Inc)

Introducing Pave

Having trouble getting a unified view of total compensation? Watch our video to see how Pave can help!

Learn more at www.pave.com

Glassdoor.com

OpenComp

HR Generalist

Pave 2024-05-16 16:57:20

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

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Compensation Management Software

We use Pave as one of a few sources of compensation market data to ensure we are remaining competitive when it comes to the base salaries that we offer. It meets many needs, including being affordable, reliable, and fairly accurate.

Easy to use
Free version (if you sync your HR system) still valuable
Company-sourced versus employee
Well defined levels and scope for roles
Always adding more countries and data

Need more data, especially for more niche roles
Need more roles represented
Need more industries covered

Reduced time to find reliable compensation data
Improved accuracy versus using other sources that are more crowdsourced
More informed decisions around compensation and how we decide on what base salaries to offer

PayScale Payfactors, Glassdoor.com and OpenComp

Pave

Overview

What is Pave?