Pave’s compensation benchmark includes two types of compensation: cash and equity.

Pave’s compensation benchmark includes two types of compensation: cash and equity.

## Cash

Pave offers 4 types of cash compensation data:

* **Base Salary**: Represents the fixed cash component of total compensation.
* **Annual Bonus Percent:** Represents target annual bonus opportunity expressed as a percentage of base pay. Actual bonus amounts may vary based on individual or company performance.
* **Target Variable Pay**: Represents target commission and bonus amounts. This specifically refers to "on target earnings", or the amount if the individual/team/company hits their goals, not the actual payout amount.
* **Target Total Cash**: Represents the total of all cash components of an employee’s compensation (includes base and target variable). This specifically refers to "on target earnings", or the amount if the individual/team/company hits their goals, not the actual payout amount.

Total Cash includes both employee records with and without variable pay. If an employee receives $100k base salary and another employee receives $100k base salary + $20k variable pay, the total cash benchmark would include both $100k and $120k as total cash values in the calculation. Because the Total Cash data also includes the salary data of employees who do not receive variable pay, the sample size for Total Cash is not the exact same sample size for Salary Pay.

## Equity

Pave offers 4 types of equity compensation data:

* **New Hire Equity:** Represents the value of equity grants received by an employee at time of hire. Original grant value reflects the original value at the time the grants were received. Actual value is based on the current value of the equity and includes stock appreciation.
* **Unvested Equity:** Represents the current value of all the equity holdings received by an employee that have not yet vested.
* **Ongoing Equity:** Represents the value of the non-new hire grants received by an employee in the past 12 months. Original grant value reflects the original value at the time the grants were received. Actual value is based on the current value of the equity and includes stock appreciation.
* **Total Equity:** This value encompasses both the appreciation of existing shares and any additional equity grants received beyond initial new hire awards, such as **ongoing grants** and performance-based awards.

**\*Unvested and Refresh Equity are only available to Market Data Pro subscribers\***

**\*Total Equity is only available for VP/ C-Level roles\***

All equity is shown as a USD cash equivalent and a percentage of the total equity associated with a company. 


:::info
**Note**: If you have only connected cash data from your HRIS or payroll system, then you will only be able to see cash benchmarking data. If you’ve only connected equity data from your cap table system, then you’ll only be able to see equity data.

:::




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