**Before you get started:**

* Set up your job structure and at least one pay zone via the Pay Zone Manager
* Set up your market data mapping and fill in any gaps or issues in your market data

## **Generate a new band set from market data**

There are two entry points where you can create a new band set from scratch:

* Navigate to your Band Sets home page and select Create Draft > Generate band set from market data

   ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnKC1)
* Navigate to the Market Data tab and select Apply Benchmarks > Generate band set from market data

   ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000En2zv)

**Name band set & select pay types**

Set the pay types you want to use in this band set. We will generate band values if there is market data associated to those jobs.

 ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnAkY)

* Name your band set
* Select pay types you want to use in your band set
* You can generate bands for these pay types directly from market data:

| **Pay Type** | **Info** |
|----|----|
| Base Pay | Base pay is the fixed component of total compensation. Typically this does not include variable pay or commission. |
| Variable Pay | Variable includes commissions and bonus. |
| Total Pay | All cash components of an employee's total compensation. Includes variable or commission. |
| New Hire Equity (Cash) | New Hire Equity refers to the value of the first grant received by an employee at the time that it was received.New Hire Equity or Total Equity (Shares)Equity in cash encapsulates the number of shares multiplied by share price. When used in Comp Planner, Pave will automatically calculate equity shares based off of the provided share price. |
| Total Equity (Cash) | Total Equity refers to the current value of all the equity grants received by an employee. This can also be utilized to track refresh equity.Equity in cash encapsulates the number of shares multiplied by share price. When used in Comp Planner, Pave will automatically calculate equity shares based off of the provided share price. |

* You can add these pay types to your band set as columns, and upload the values later.

| **Pay Type** | **Info** |
|----|----|
| Target Variable Pay Percentage | Percentage of base pay used to define the target variable amount. This value is used in Compensation Planner to configure variable raise recommendations and is usually between 0 and 1.This will appear as a blank percentage column that you can upload values to later. |
| New Hire Equity or Total Equity (Shares) | Equity in shares is the number of shares that an employee receives within this pay range. When used in Comp Planner, Pave will automatically calculate total equity cash based off of the provided share price.Selecting this pay type will generate blank columns that you can upload your own values into. |
| Annual Bonus Percent | Percentage of base pay that's expected to be paid out as a bonus.This pay type can be used in Compensation Planner to configure bonus recommendation and is usually between 0 and 1.This will appear as a blank column that you can upload values to later. |

**Specify how the band values should be generated per pay type**

* Select how to structure the band - as min mid max, min and max, or mid only

   ![]( " =16x16")CleanShot 2024-09-20 at 06.59.14@2x.png

  
:::info
  Note: If using min and max, certain functionality such as employee compa ratio and range penetration will not be available. If just using mid, certain functionality such as the band visual in Band Manager, Plan, and Team Dashboard will not be available.

  :::
* Select how to define the band values
  * **Using Benchmark as midpoint:** Create create the band based off of the benchmark you’ve defined during market data mapping. This is the most common way to build the band.
    * Set the band width: If you’re using min, mid, max or min & max, set the band width as a percentage on either side of the mid to define the min and max of the band. Select “All levels” if you want all levels to have the same band width.
      * Example: if you wanted band width to be 15% from min to max, then you would add 7.5% from min to mid and mid to max. Min: 85,000 | Mid: 100,000 | Max: 115,000, Band Width = 15%, % from Min to Mid: 7.5%, % from Mid to Max: 7.5%

       ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnIbe)
    * (Optional) You can differentiate band width by level, for example if you wanted Manager levels to have a higher band width than IC levels.

       ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnKS9)
  * Use percentiles as min, mid, max: All percentile options associated with your jobs are available in the drop down. Band values for a job will be created from the median of all the market data associated with that job at that percentile.
    * For example: Set the min= 25th percentile, the mid = 50th percentile and the max = 75 percentile would create the min/mid/max based on the median of those percentiles associated with that job from market data mapping, if their is a value present.

       ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnIes)
  * Leave values blank and upload later: If you do not want to generate this pay type directly from market data or do not have market data set up for this pay type, use this selection to generate blank columns which you can upload values into on the band set level.
  * Option to round bands: Choose to round the bands to the nearest 100, 500, 5000, 10000

**Select the jobs or pay zones that should have this pay type**

 ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnKVN)

* All jobs: All jobs at your organization will have this pay type and a band generated from market data.
* Specific jobs: Select distinct groups of jobs or pay zones that should have band generated for this pay type based on the selections you’ve made above.
  * Example: Only your Sales jobs and Manager tracks variable pay. For variable pay, select Function is Revenue OR Ladder Track is Manager
* You must complete your selections for all pay types you’ve added to the band set before selecting “generate.”
* Note: If using min, mid, max or min & max, when generating bands, if the band values are invalid due to the market data being greater for the min than the mid, etc., we will not generate values for the band and the band will be left blank.

**Select “Generate” to generate your new band set**

 ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnKWz)

**Generate and view your new band set**

* Review your new band set and make edits using the bulk edit toolbar.

   ![](https://support.pave.com/servlet/rtaImage?eid=ka0TV0000001kqP&feoid=00NUn00000C06g9&refid=0EMTV00000EnKiH)

**For instructions on updating bands using a CSV upload, please review [this article](https://brainfi30.brainfish.ai/en-us/articles/bulk-manually-associate-market-data-to-bands-GGbNo3UAt9).**

Generate Bands from Market Data

Pay Types: Calculated TDC, Annual Equity, and Refresh Equity

Band Sets

Employee Distribution in Bands

Editing Bands

View changes

Upload/Download Bands

Unmatched Employees

Calculated Columns

Managing & Reordering Calculated Columns

How to duplicate band sets

Survey aging

Edit and apply benchmarks

Set weights and logic

Map data sources to jobs

Supported survey providers

Manage Pave data sources

Manage survey data sources

Benchmarks overview

Step 2: Benchmarking

Bands Set Audit Log

Manually Create New Band Sets

Job Architecture 101

Pay Zone Manager

Grades

Setting up Company Job Architecture

Company Job Architecture

Step 1: Build Foundation

Bulk & Manually Associate Market Data to Bands

Step 3: Update Ranges

Generate Bands for New Jobs in Your Job Architecture

Compare Bands

Relative Permissions

Advanced Filters

Ongoing Management & Analysis

Market Pricing

Market Data Connections Set up

Market Data Connections Overview

Integrations 101

Integrations

Adding Columns

Team View Overview

Team View Column Configuration

Team View Customizations

Re-ordering Columns

Deleting Columns

Team View Settings

Team View

Comp Planner Configurations Overview

Compensation Planner 101

Getting Started - Compensation Planner

Compensation Planner FAQs

Cycle Specific Permissions

Employee Eligibility

Step 1: Initial Cycle Setup

First-Class Columns

Using Handlebars Formula for Calculated Columns

Columns

Step 2: Column Configuration

OTE Planning Configuration Guide

What is OTE Planning?

Step 3: OTE Planning

Am I able to update or change approval chains during a cycle?

Updating Approval Chains

Compensation Cycle Data Upload

Step 4: Data Management

How can I configure market adjustment recommendations for employees?

How can I configure variable raise recommendations for employees?

Recommendation Logic

What are Recommendations?

Step 5: Recommendation Logic

Budgets

Budget Dashboard

Top Down Budgets: In-app Configurations

Step 6: Budget Confirmation

Planning Windows Setup Guide

Planning Windows Overview

Monthly & Hourly Pay

Employee Compensation History Popout

UI Toggles

Filtering & Sorting

Approval Statuses

Step 7: Planner Experience

Smart Flags

Compensation Outliers

Manager Compression Flag

Vesting Drop Flag

Step 8: Controls & Governance

Peers Overview

Cycle Outcomes

Value Rounding in Compensation Planning

In App Reward Letter Editor

Reward Letters

Peers Configuration Guide

Cycle Progress Dashboard Overview

Other Cycle Actions

 Compensation Planner

Logging In

Custom Role Creation Guide

Creating an Account

How to add a colleague to Pave’s Market Data Platform

Market Data Role Management

Why does it matter to get levels and role families right?

SSO Configuration Guide

Account Setup

Contact Us

How much does Pave Market Data access cost?

How does Pave Work?

Intro to Pave

Pave 101

Compensation Philosophy

Total Compensation

Compensation 101

The Stock Option Lifecycle

ISO Tax Implications

The Basics of Stock Options

The Confusing AMT (Alternative Minimum Tax)

ISO Strategies

An Overview of How Stock Options Work

Equity 101

Account Creation Troubleshooting and FAQs

How to Benchmark Executive Compensation

Login Troubleshooting and FAQ

How does company size affect which department, job family and job level I should choose?

How does Pave determine a role level and role family?

What are Job Levels, Departments and Job Families? Why are they important?

Troubleshooting Rippling Zero Records Error

What Market Data Connections does Pave currently support?

FAQs

Getting Started

Option Driver Deprecation FAQs

Option Driver

Option Impact Deprecation FAQs

Option Impact

Option Impact & Option Driver

Executive Reporting Dashboard

Cycle Monitoring and Reporting

Building Market-Based Compensation Bands

Employee Groups

Cycle Configuration

How does Recommendation Logic work?

Am I able to change another user’s permissions or login credentials while impersonating?