When is Option Impact being transitioned to Pave?
We plan to transition Option Impact on January 3, 2024 at 10am PST/ 1pm EST.
When will I have access to Option Impact until?
You will have access to Option Impact via optionimpact.com until January 3, 2024 at 10am PST/ 1pm EST, provided your data submission is up-to-date. If you are a Pave Benchmarking customer, you will also have access to Option Impact data as a part of the holistic dataset. On January 3, 2024 after 10am PST/ 1pm EST, remaining Option Impact survey data will only be accessible as part of the Pave dataset.
When is the last day to submit a survey?
We will continue to accept Option Impact survey submissions through September 30, 2023. Any surveys submitted past July 3, 2023, will grant you access to view Option Impact data in the Option Impact product only until January 3, 2024 - not the full 6-month term. Beginning on January 3, 2024 at 10am PST/ 1pm EST, the data will only be viewable as part of the Pave dataset.
What is the overall timeline I need to be aware of?
Why is Option Impact being transitioned to Pave?
At Pave, we believe that the best way to ensure fairness in compensation is by providing our customers with real-time market data. When Pave acquired Advanced-HR in June 2022, our goal was to build a source of truth for salary and equity across roles, levels, geos, company valuations, and more. Since then, the majority of Option Impact customers have joined the Pave Benchmarking ecosystem through API integrations furthering our pursuit of high-quality compensation data. We want to express our deepest gratitude for your support and loyalty throughout the lifespan of Option Impact and remain committed to providing you with the best possible support during this transition.
Currently, I pay for Option Impact access so that I don’t need to upload a survey, will I still be able to do this?
If you currently pay for Option Impact access, you will no longer be able to pay for access after June 15, 2023. To maintain data access, you will need to either:
- Upload an Option Impact Survey (access data in Option Impact until January 3, 2024)
- Integrate with Pave (ongoing access to data)
What Option Impact features can I expect to see in Pave Benchmarking?
For the past year, we have continued to listen to your feedback on the Option Impact features that are most important to you. Thank you - we learned a ton! Listed below is what has been launched so far and what you can expect will be launched before the end of the year.
- Launched already:
- A Company Statistics Report and a List of Participating Companies
- Option Impact data in Pave Benchmarking
- Executive Compensation Benchmarking
- Canada location benchmarks
- More granular filter buckets (Valuation, Capital Raised, # of Employees)
- The Executive Compensation Excel Workbook (VCECS-format)
- More granularity in sample size buckets when larger than 30 samples (30-50, 50-100, 100-250, 250-500, 500-1000, and 1000+)
- Bulk Export improvements
- Coming soon:
- Revenue Filter
- Industry Filter in Employee Compensation Benchmarking
- The ability to Multi-Select within filters
- Equity Refresh Data
- A Company Practices Report
- Additional Job Families
- Additional Geographies
- Launched already:
How do I sign up for Pave as an Option Impact user?
To sign up for Pave, navigate to this link and you'll be walked through the sign up flow. You will need to sign up for Pave in order to access the Pave dataset, which is inclusive of up-to-date OI survey data. You will not automatically have a Pave account created for you as an Option Impact user.
What will happen to my Option Impact account?
Before January 3, 2024, your account access will not change. Pave will continue supporting the Option Impact application and the survey upload process to maintain access to the Option Impact data. The survey upload process will be shut down September 30, 2023.
On January 3, 2024 at 10am PT/ 1pm ET, all Option Impact customers account access will be terminated.
Will all Option Impact data be available in Pave?
Option Impact US, UK, and Canadian data is already available in Pave Benchmarking. Once you integrate with Pave and access the Benchmarking dataset, you are given the option to search for a benchmark using 3 data source options: Pave, Option Impact, or Combined (Pave + Option Impact). Beginning in August, the only way to search Option Impact data will be through the Combined (Pave + Option Impact) data source option. Option Impact data will remain a part of the holistic Benchmarking dataset until at least January 3, 2024, and potentially longer, as long as the data quality is up to standard.
Option Impact data outside of US, UK, and Canada data is not available in Pave today.
How can I access Option Impact data in Pave?
Once you integrate with Pave, you will be able to access the Benchmarking dataset.
For Employee Compensation Benchmarking, as you are completing a search you will be prompted with 3 data source options: Pave, Option Impact, or you can select both for a Combined data set. If you would like to access Option Impact data, then you would select either Option Impact or the Combined data sources. Note: beginning in August, the only way to search Option Impact data will be through the Combined data source.
For Executive Compensation Benchmarking, Pave and Option Impact data sources are already combined. To access Option Impact data here, simply complete a search and it is powered in-part by Option Impact data.
I use Option Impact for their international data, what international locations does Pave have in the Benchmarking dataset? Will Pave add more international locations?
Benchmarking currently has US, UK, and Canadian data, though increasing international coverage is a big focus for Pave. We recently launched a new product called Location Insights. Location Insights allows you to identify location differentials across cities and countries to build international compensation programs. Interested in learning more? Reach out to email@example.com.
[For VCs] What happens when my Option Impact contract expires? Do I still have to pay for Option Impact?
As you come upon your contract renewal date, a Pave partnerships team member will reach out to you to discuss your options including working with Pave’s team at a discounted contract price based on the integration rate of your portfolio. To schedule time with our team to discuss your renewal, please speak with our team at firstname.lastname@example.org.
How do I integrate with Pave?
Check out this article for more information on the integration process with Pave.
What if I am not able to integrate with Pave?
Similar to other compensation benchmarking surveys, Pave operates on a give-to-get model. The key difference with Pave, is that data is shared via real-time HR integrations rather than an annual process of manual data entry. In order to ensure 100% real-time data, Pave requires that participating companies opt-in to the data network by integrating their HRIS and/or Cap Table systems.