Pave’s compensation benchmark includes two types of compensation: cash and equity.
Cash
Within cash, it is broken down into:
- Base Salary: The fixed cash component of total compensation
- Variable: Variable includes commissions and bonus. The variable components represents “on target earnings”, or the amount if the individual/team/company hits their goals, not the actual payout amount.
- Total Cash: All cash components of an employee's total compensation (includes base and variable).
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 3 types of equity types:
- New Hire Equity is displayed as the value of the first grant received by an employee at the time that it was received. This is calculated as the number of shares in the employee’s first grant (options or common stock) multiplied by the preferred share price of the company at the time of issuance. There is no additional grants or stock appreciation impact.
- Unvested Equity is displayed as the value of all the equity shares received by an employee that have not yet vested
- Refresh Equity is displayed as the value of the non-new hire grants received by an employee in the past 12 months.
*Unvested and Refresh Equity are only available to Market Data Pro subscribers*
All equity is shown as a USD cash equivalent and a percentage of the total equity associated with a company.
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.