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: The sum of base and variable components for employees that receive variable pay
Within equity, it is broken down into:
Total Equity (formerly referred to as just Equity) in the Pave product refers to the current value of all the equity grants received by an employee. This includes the impact of stock appreciation as well as any additional grants that may have been received. This is calculated as the total number of shares for employee * current preferred share price.
New Hire Equity refers to the value of the first grant received by an employee at the time that it was received. There is no additional grants or stock appreciation impact. This is calculated as the number of shares in the employee’s first grant (options or common stock) * the preferred share price of the company at the time of issuance.
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.