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Pave provides compensation management solutions in the HR technology market. Its tools help companies plan, communicate, and benchmark employee pay in real time. Core features include a suite of compensation tools that connect with existing systems like HRIS, ATS, and Cap Table software, allowing real-time data access and reducing manual data entry and spreadsheet use. The subscription-based platform is designed for a range of customers—from startups to large enterprises, especially VC-backed firms—who want to base pay decisions on up-to-date data. By offering real-time analytics and integrated workflows, Pave aims to simplify compensation analysis, planning, and communication, helping HR teams set fair, competitive salaries and improve employee retention.
Industries
Data & Analytics
Enterprise Software
Company Size
1-10
Company Stage
Series C
Total Funding
$486.1M
Headquarters
New York City, New York
Founded
2019
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Total Funding
$486.1M
Above
Industry Average
Funded Over
7 Rounds
Industry standards
Competitive salary
Equity
Medical, dental & vision coverage
Commuter benefits
Catered lunch
Unlimited PTO policy
See what the market is paying right now: Pave's Recent Hire Filter. Pave's new Recent Hire Filter is giving compensation teams real-time hiring intelligence so you can validate recruiter escalations with data, not gut feel. June 17, 2026 Compensation benchmarks are supposed to reflect the overall market. But there are times when benchmarking the entire population might not be enough. In today's hiring market, some roles are seeing compensation move faster than others (check out Pave's Hot Job Index) and blending those in with the overall market might be creating a compensation blind spot. Let's say a recruiter escalates an offer above your band, citing a competing offer 15% over your P75. Your comp team has no way to verify whether that reflects a genuine market shift or a one-off negotiation tactic. So you're left with two options: approve the exception and risk disrupting the entire band, or deny it and risk losing the candidate. This is the problem Pave, Inc. set out to solve with the Recent Hire Filter, now available in Market Data Pro. The gap between your ranges and reality. Compensation leaders already know the theoretical issue with benchmark lag. Traditional surveys collect data annually, process it over months, and publish results that reflect a point in time that has already passed by the time you read them. Pave's real-time dataset of 9,000+ companies already solves that problem at the macro level - but even real-time data includes employees hired years ago whose compensation may reflect a different labor market. Pave, Inc. is seeing this matter more in certain job families - AI engineering, cybersecurity, specialized product roles - where the market can shift meaningfully in a matter of months. When that happens, the full-population benchmark smooths out the very signal you need to see. This is the gap that creates friction across the hiring process. Recruiters escalate exceptions. Hiring managers question your ranges. Candidates walk away. And the comp team is stuck defending the numbers without a clear way to show whether they still hold. How the Recent Hire Filter works. The Recent Hire Filter gives you a diagnostic lens that isolates what's happening right now in the market for any role. Here's how it works: Filter Recent Hires. The feature automatically isolates employees hired within the last six months from Pave's real-time dataset. This gives you a clean view of what companies are actually paying to bring people in the door today. Compare Against the Full Population. You can view recent hire compensation side-by-side with the complete benchmark at every percentile - i.e., P25, P50, P75 - to see where pay is shifting and by how much. This comparison is the key, as it helps you analyze the single data point you are hearing from a candidate against the actual market conditions. Assess Statistical Significance. This is where it gets interesting. Not every movement in compensation data means the market has shifted. Small samples, seasonal hiring patterns, and outlier offers can all create misleading signals. The Recent Hire Filter flags whether the difference between recent hires and the broader population is statistically significant - a real signal - or just noise. Why Statistical Significance matters. Let's pause on that third point because it's what separates useful market intelligence from misleading data. There are tools in the market that will show you offer data. That's helpful at a surface level. But raw data without statistical rigor can actually make your decisions worse. If five companies in your market made aggressive offers for a single role last quarter, that can look like a market shift when it's really a small-sample anomaly. Without a mechanism to distinguish real movement from noise, you're just replacing one form of guessing with another. Pave's statistical significance scoring solves this. When you pull up the Recent Hire Filter for a given role and market, you're seeing whether that number is backed by enough data, across enough companies, to represent a meaningful trend. That distinction gives you confidence to either hold your ranges with evidence or escalate with a defensible case. Either way, you're operating from a position of data, not intuition. When to use the Recent Hire Filter (and when not to). The Recent Hire Filter is designed to complement your existing census benchmark, not replace it. Think of it this way: Your full census benchmark remains the right tool for setting and maintaining compensation ranges, annual planning, pay equity analysis, board reporting, and governance. It provides maximum sample size, smooths out short-term fluctuations, and is built for defensibility. The Recent Hire Filter is for a different set of questions: Has the market moved for this role? Is the recruiter's escalation backed by real data? Are its ranges still competitive for the talent Pave, Inc. is trying to hire right now? It surfaces shifts before they appear in full-population data, giving you an early warning system for market movements. The Recent Hire Filter is a diagnostic tool that shows you where the market is moving so you can make informed decisions in real time. It's built to validate escalation requests, inform recruiter conversations, and build the case for your next range review. It does not export to Market Pricing or automatically reset your bands, because that's not the right workflow for directional intelligence. It informs decisions; it doesn't make them for you. Used together, the full census benchmark and Recent Hire filter give you both the stability you need for governance and the agility you need for real-time talent decisions. Turning an escalation into a data-backed decision. To make this concrete, imagine this scenario: A recruiter is pushing to offer a Senior Software Engineer above your band, insisting the candidate has competing offers well above your P75. Without the Recent Hire Filter, you're choosing between blowing up your band structure or potentially losing the candidate. With the Recent Hire Filter, you pull the data for Senior Software Engineers in that market. You see exactly how recent hires across 9,000+ companies are trending relative to the full population. The statistical significance indicator tells you whether this is a real shift or an outlier. If the data supports a move, you arm the recruiter with evidence to meet the candidate at market - without setting a precedent that undermines your entire range. If it doesn't, you have the data to hold your line confidently. Comp team credibility stays intact. The candidate receives a competitive, data-driven offer. And your band structure survives to fight another day. The bottom line. The market doesn't wait for your annual survey cycle, and the candidates you're competing for certainly aren't checking whether your ranges were refreshed this quarter. Every week that your team operates with stale intelligence is a week of unnecessary risk - overpaying where you didn't need to, losing candidates where you shouldn't have, and defending ranges with nothing more than conviction. The Recent Hire Filter gives you direct insight into what companies are paying right now, validated by statistical significance, layered on top of the deepest real-time compensation dataset on the market. It's the difference between reacting to the market and seeing it move in real time. Ready to see the Recent Hire Filter in action? Book a demo of Market Data Pro today.
Automated workflows for workforce management and real-time compensation data insightsSAN FRANCISCO, July 16, 2024 /PRNewswire/ -- Pave , the leading real-time compensation data platform, today introduced a new technology partnership with UKG , a leading global provider of HR, payroll, workforce management, and culture solutions for all people. With more than 350 technology and services partners, UKG provides one of the largest and most collaborative partner ecosystems in the HCM industry, focused on creating better employee experiences and improving business outcomes.With this collaboration, organizations that use both Pave and UKG Pro can seamlessly leverage valuable organizational details like team and employee-level data from UKG directly into the Pave platform. With this critical information easily accessible in Pave, compensation teams can save time and avoid manual work like compiling data exports, managing spreadsheets, and reconciling compensation data. With accurate, up-to-date data accessible in Pave, teams can run more efficient merit cycles, and easily visualize compensation updates for every employee.UKG & Pave are partnering to make it easier to take action on real-time data & streamline compensation management. Post this"With the labor market shifting rapidly, it's more important than ever for compensation leaders to make decisions based on the most current market data," said Nicklaus Salzman, head of partnerships at Pave. "UKG and Pave are making it easier to take action on real-time data
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Pave has raised $163 million from 19 investors, the latest being a Series C funding round that closed on June 28, 2022.
Compensation startup Pave has secured $100 million worth of funding led by Index Ventures. The Series C round now values Pave at $1.6 billion, which sees the company joining the prestigious unicorn club of private businesses with a $1 billion or more valuation. Pave, which was founded in 2019, helps companies understand how much to […]
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Industries
Data & Analytics
Enterprise Software
Company Size
1-10
Company Stage
Series C
Total Funding
$486.1M
Headquarters
New York City, New York
Founded
2019
Find jobs on Simplify and start your career today