November 2026 data release
New compensation type: total direct compensation
Total direct compensation (TDC) is now available in Market Data. TDC adds each employee's base salary, target variable pay, and equity value, then benchmarks the total at every percentile, so you can see total direct pay for a role in one number.
You choose how the equity portion is valued:
- Granted in the last 12 months (total): The full original value of every grant made in the last 12 months.
- Granted in the last 12 months (annualized): The same grants, valued at one year's worth of vesting.
- Vested in the last 12 months: The original value of equity that vested in the last 12 months, across all grants.
You can also view equity as Gross or Net.
TDC appears in the Roll-up section of the benchmark page, after target total cash, and as its own section on C-level pages. You can also include it in Market Data reports. TDC is available to Market Data Pro customers whose company has connected its equity management system to Pave.
To learn more, see the article on benchmarking total direct compensation.
Updated job function groupings
Three new functions group related roles that were previously under the Engineering function:
- Artificial Intelligence
- Product & Design
- Hardware Engineering
This change makes it easier to find related roles in the job catalog and improves the accuracy of Calculated Benchmarks. To browse the updated catalog, see Explore the Pave job catalog.