Ravio

Ravio

Provides real-time salary and benefits benchmarks

About Ravio

Simplify's Rating
Why Ravio is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Consulting

Company Size

51-200

Company Stage

Seed

Total Funding

$10M

Headquarters

London, United Kingdom

Founded

2022

Overview

Company Does Not Provide H1B Sponsorship

Ravio provides real-time salary and benefits benchmarks specifically for tech companies in Europe. Their main service allows businesses to access live compensation data from leading tech firms, which helps them create competitive and fair compensation strategies. By using Ravio's tools, companies can eliminate outdated methods like guesswork and spreadsheets, making informed decisions based on current market data. Additionally, Ravio offers insights into market trends, including pay increases and popular benefits packages, which are essential for staying competitive in the tech industry. Unlike other services, Ravio focuses solely on the tech sector, providing tailored data that helps businesses attract and retain top talent. The goal of Ravio is to empower tech companies to develop effective compensation strategies that align with market standards.

Simplify Jobs

Simplify's Take

What believers are saying

  • EU Pay Transparency Directive creates opportunities for Ravio to expand its services.
  • 44.8% of European tech companies plan to hire in H1 2024, boosting demand for Ravio.
  • Ravio can leverage the demand for hybrid work models to offer competitive packages.

What critics are saying

  • Increased competition from new entrants could dilute Ravio's market share.
  • EU Pay Transparency Directive may increase operational costs for Ravio.
  • Economic uncertainties may decrease demand for Ravio's services as companies cut costs.

What makes Ravio unique

  • Ravio offers real-time salary benchmarks for tech companies across Europe.
  • The company provides insights into market trends like pay increases and attrition rates.
  • Ravio's data-driven approach eliminates guesswork in developing compensation strategies.

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Funding

Total Funding

$10M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$10M
Ravio

Benefits

Unlimited Paid Time Off

401(k) Company Match

Wellness Program

Health Insurance

Disability Insurance

Parental Leave

Company Equity

Remote Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

1%

2 year growth

11%
Tech.eu
May 28th, 2024
European Tech’S Gender Pay Gap Persists Despite Some Pay Equity Progress

A new comprehensive report on pay equity within the European workforce was published by Ravio, an HR technology company that analyses real-time compensation and employment data for global tech companies.The data reveals that whilst European tech's adjusted gender pay gap is 2.5 per cent, the industry’s unadjusted gender pay gap is much wider, 25 per cent, due to a lack of female representation at senior levels, and with only 21 per cent of executive positions held by women.‘Equal pay for equal work’ - not so soonWhen we think and talk about pay equity and what it means, it naturally comes that it can be described as ‘Equal pay for equal work’ or employees who perform work of equal value should receive similar compensation for it. But it’s not always the case, and not in the tech industry.The report reveals how the tech industry is performing when it comes to improving pay equity, and what the industry can do to fully close the gender pay gap.According to data, the “unadjusted” gender pay gap in the European tech industry is 25 per cent (the median earnings across all job functions, levels, and countries) while the “adjusted” gender pay gap (median earnings of men compared to the median earnings of women for similar roles in the same country) is 2.5 per cent.These numbers suggest some initial progress in pay equity but also highlight a significant representation issue, contributing to the disparity between the unadjusted and adjusted gender pay gaps.Merten Wulfert, founder and co-CEO at Ravio comments:“The European tech industry seems to be moving in the right direction when it comes to ensuring equal pay for equal work. But more needs to be done, and some geographies and job verticals still have a long way to go. However, the much bigger problem affecting our ecosystem is the severe underrepresentation of women at senior levels. We are nowhere close to equality on that front. Very few companies are making this a top priority, and even fewer have truly solved this issue.”A lack of female representatives, especially at senior levelsThe key problem of gender pay inequality is reflected in the fact that women are less represented, especially in senior roles

Silicon Canals
Mar 7th, 2024
Good News As 44.8% Of European Tech Companies Plan To Hire Staff In H1 2024

Read this article in:As tech’s reckoning rolls on, anxious job seekers continue to fret about potential opportunities.Since 2022, a difficult economic environment, which includes inflation and a dearth of VC-funding, has seen mass redundancies, declining hiring rates, and a reduction in annual salary increases. Both employers and employees are feeling the pinch.However, job hunters will be heartened to hear that according to a new report from compensation benchmarking platform Ravio, hiring has essentially shifted from aggressive growth to more stablised advancement.In a survey distributed to 1,000 tech leaders, it found that 44.8% of companies plan to grow their headcount in the first half of the year, while 21% are replacing leavers only, and 0% of survey respondents are not planning on hiring at all.When asked if they’ll be increasing their hiring rate in the coming months, 21% said yes, while a further 24% said yes––but that it has already been a priority in the last six months.Heartening figures, to say the least.- A message from our partner -Engineering is the most-cited job family that companies are hiring into (23%), followed by finance (8%), while 69% of companies said they are hiring across several job families.On the downside, 59% of companies are not planning to increase new hire salaries. Those who were planning on increasing salaries cited reflecting inflation, attracting more senior/experienced candidates, countering a talent shortage, improving closing rates, and accelerating rates of hiring as their reasons.Total compensationIf you’re interested in a new role this year, remember to consider the total compensation package, including unlimited holidays and sick leave, as well as paid-time-off.Some survey respondents offered 26-30 days off, others 30+ days paid time off, while pension contributions varied from 4-6% to 7-9%, and 10%+.Other benefits to keep in mind are private health insurance, cycle-to-work schemes, home office allowances, professional development funds, and mental health service subscriptions.RTO and WFHAnd while large tech companies like Zoom, Amazon, TikTok and Grindr have introduced return-to-office mandates, this isn’t the case in most start-ups and scale-ups where 77% have a hybrid working model, and employees work from home on average three days a week.Not a single tech leader surveyed said they were planning on introducing a full-time RTO policy.If your interest is piqued in a new job with better pay and benefits, visit the Silicon Canals Job Board to see what European tech roles are currently on offer, like these three.SAP Technology Delivery Lead, Accenture, BerlinJoin Accenture as a SAP Delivery Lead, and you’ll take a leading role in helping top companies modernise their systems. Focusing on cloud-based application architectures with SAP S/4 Hana as the basis, you’ll be responsible for managing and mentoring projects to ensure they are delivered, on time, within budget, and in line with customer expectations. You’ll need at least seven years experience managing large SAP projects, and solid experience with Agile project methods. This position is available full-time or part-time

Totalent
Feb 1st, 2024
2024 six-month outlook for the European tech industry: Insights from Ravio

Ravio, a leading player in the european tech sector, has unveiled its 2024 compensation trends report, offering invaluable insights for the first half of the year, a period usually marked by major economic changes and evolving work practices.

Tech.eu
Jan 19th, 2024
Europe’S Gender Pay Gap Is 26 Percent, Where Does Your Country Rank? [Advertorial]

From International Women’s Day to the EU’s Equal Pay Day, conversations surrounding the gender pay gap aren’t a recent development.But when you consider that the gender pay gap in Europe currently sits at 26 percent, according to new research from Ravio, it’s obvious that a lot more needs to be done to tackle the issue.One way the EU is hoping to do this is at the legislative level via the upcoming EU Pay Transparency Directive.Enforceable by June 2026, companies are under increasing pressure to not only address potential pay discrepancies between male and female employees but also resolve any gender-based inequalities when it comes to pay ahead of the deadline.According to the research, the biggest inequalities in tech occur in more junior roles which are mostly held by women (41 percent of all female tech workers).Interestingly, women who hold executive positions or have reached C-suite status (19 percent of all female tech workers) report that no pay gap exists.Consistent framework is neededAnd when you drill down further into the data, certain European countries are better than others at addressing the issue, further highlighting that a consistent framework is needed.The Ravio data established that France has the narrowest pay gap at 18 percent, followed by the Netherlands at 23 percent and Germany at 25 percent. The UK, which has a pay gap of 29 percent, will not have to adhere to the legislation, however, companies that employ people within the EU must comply.Under the new EU legislation, pay levels and career progression frameworks will have to be made available to all employees. The secrecy surrounding how much staff are being paid will also be banned.Employers will also have to disclose the salaries of “categories of workers”, for example, what junior staff members across multiple departments are earning.In the meantime, if you feel like your current employer isn’t being transparent about pay or career progression within your role, it could be time to start considering your options and looking for a new job.If that is the case, the Tech EU Job Board is the perfect place to focus your search. It features thousands of tech openings across Europe, including the three below.Senior Java Software Engineer, Western Union, MadridDo you view integrations in the retail financial industry as more than just APIs and microservices, and instead see it as an opportunity to improve the digital banking customer experience? If so, this Senior Java Software Engineer opportunity at Western Union could be the perfect fit.In this role, you will lead work on innovative, actionable and efficient technology solutions to drive microservices development, demonstrate strong capabilities in assessing business needs while providing creative and effective solutions in conformance to emerging technology standards, and collaborate with other engineers to develop technical and domain expertise and apply these learnings in solving product challenges. Find out more here.Fraud Data Analyst, EBA Clearing, ParisEBA Clearing is owned by 48 of the major banks operating in Europe and is based on a country-neutral governance model. Its FPAD Competence Centre (FCC) is responsible for the development and maintenance of fraud detection models for EBA CLEARING FPAD functionality

Silicon Canals
Jan 18th, 2024
Good News: New Report Shows No Gender Pay Gap At Executive Level In European Tech

Read this article in:In line with wider, and necessary, conversations about diversity, equity and inclusion (DE&I), the existence of the gender pay gap keeps on rearing its head. That’s because, despite a lot of talk about closing the gap over the past couple of decades, it just isn’t budging.For example, in the U.S., the pace of change this century has been glacial, according to data from Pew Research Center. In 2002, women earned 80 cents to the dollar compared to men. By 2022, they only earned 82 cents for every dollar earned by men.And if you’re a woman working in a EU country, on average you’ll be earning 12.7% less than your male counterparts.On a macro level, the European Commission is acting, and has adopted new legislation on work-life balance and gender balance in corporate boards, as well as a Pay Transparency Directive, which gives workers the right to enforce their right to equal pay.Seniority paysHowever, when you examine certain pay gaps on a micro level, there are positives emerging. According to a report by compensation platform Ravio, there is no gender pay gap at the executive level in European tech.Entry level roles experience a 2% pay gap, with junior jobs showing a 22% differential for women, and female managers experience a 17% gap.This data suggests that the gap narrows as women get to the top of the tech ladder because, according to Ravio’s co-CEO Merten Wulfert, they “understand their market value and have the experience to negotiate offers”.Regardless of the level you’re at, a job switch represents the ideal time to ask for more compensation. Whether that’s in terms of salary, pension contributions, percentage-based bonuses or share schemes, you can look to add 10-15% onto your annual earnings.If that sounds like an attractive prospect, then the Silicon Canals Job Board is an ideal place to start your search

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