Pave’s Market Pricing Band Manager allows customers to store, view, edit and share compensation bands across their company. Compensation bands are the foundational data resource used to make compensation decisions within a company - from how much to offer a new employee hired into a specific job and location, to how to adjust employee compensation during a merit cycle. Band Sets represent a set of bands that are used throughout the products across the Pave app - Compensation Planning, Team Dashboard, and Total Rewards.

Pave’s Market Pricing Band Manager allows customers to store, view, edit and share compensation bands across their company. Compensation bands are the foundational data resource used to make compensation decisions within a company - from how much to offer a new employee hired into a specific job and location, to how to adjust employee compensation during a merit cycle. Band Sets represent a set of bands that are used throughout the products across the Pave app - Compensation Planning, Team Dashboard, and Total Rewards.

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Bands Manager and Band Sets

The Bands Manager enables customers to **view** and **edit** “band sets”, which represent a set of bands that are used within products across the Pave app - Compensation Planning, Team Dashboard, and Total Rewards.

There are 3 types of band sets:

1.  **The “Live” Band Set -** This is used in Team Dashboard and Total Rewards
2.  **Merit Cycle Band Sets -** Each of these is assigned to a specific merit cycle
3.  **Draft Band Sets -** These are sets that have are not designated as Live or associated with a merit cycle yet. Draft band sets can be “published” to “Live” or a “Merit Cycle” set

A Pave customer can create new band sets based on Pave’s benchmarking data, or upload and manage band sets. Every merit cycle within the Plan product has its own band set. To generate a band set for a merit cycle, admins must:

1.  Create a draft band set
2.  Publish that draft to the appropriate merit cycle

This merit cycle band set will then appear under the merit cycle list in Bands Manager.

Maintaining multiple band sets in Pave allows a company to run a merit cycle with an updated set of bands, while continuing to use and communicate an existing band set within their company until the merit cycle is complete.

Admins can also workshop draft band sets without impacting any products.
 

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