Pave Reviews & Pricing

by Pave | Founded 2016, Sheridan, Wyoming

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Categories:

Compensation Management Software
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What is Pave?

Industry Specialties: Serves all industries

Pave is a cloud-based platform designed to simplify and streamline compensation management processes for businesses of all sizes. Its core functionalities include salary benchmarking, compensation planning, budget management, performance reviews, and reward programs. Pave caters primarily to companies seeking to optimize their compensation structure, ensure internal fairness, and attract and retain top talent. Its intuitive interface, robust data analysis tools, and automated workflows offer several key benefits, such as improved decision-making, increased transparency, and reduced administrative burden. Popular features include job-level salary comparisons, market data integration, performance-based bonus calculations, and customizable compensation reports. User feedback suggests that Pave excels in usability and data-driven insights, but some users express limitations regarding customization options and advanced reporting capabilities. Pave's pricing starts at a monthly subscription fee and scales based on the number of employees and additional features. This transparent pricing model allows businesses to choose a plan that fits their specific needs and budget.

Pros

Easy-to-use interface
Data-driven insights
Improved decision-making
Increased transparency
Reduced administrative burden

Cons

Limited customization options
Basic reporting capabilities
Occasional bugs and glitches
Learning curve for new users
Limited customer support options

PRICE

COMPANY SIZE

DEPLOYMENT

PLATFORM

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#11

Pave is ranked #11 in the Compensation Management Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

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Pave Pricing

Based on our most recent analysis, Pave pricing starts at $799 (Monthly).

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Starting From: $799
Pricing Model: Monthly
Free Trial: No

Training Resources

Pave is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Pave:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Pave Benefits and Insights

Why use Pave?

Key differentiators & advantages of Pave

Improved Decision Making: Gain data-driven insights into salary benchmarks, market trends, and internal compensation data to make informed decisions about compensation strategy.
Increased Transparency: Empower employees with clear and concise information about their compensation through personalized dashboards and self-service tools, promoting trust and open communication.
Reduced Administrative Burden: Automate time-consuming tasks like salary reviews, performance evaluations, and budget management, freeing up HR professionals to focus on strategic initiatives.
Enhanced Talent Acquisition and Retention: Attract and retain top talent by offering competitive compensation packages informed by real-time market data, leading to a more engaged and productive workforce.
Cost Optimization: Identify and address potential pay gaps and ensure internal equity, optimize compensation budgets, and reduce unnecessary costs associated with outdated or inefficient compensation practices.
Compliance and Audit Support: Stay compliant with ever-changing compensation regulations and simplify audit processes with comprehensive reporting and data-driven documentation.
Scalability and Flexibility: Adapt to changing business needs and workforce demographics with a flexible platform that can accommodate growth and diverse compensation structures.
Data Security and Privacy: Ensure the security and privacy of sensitive employee data with robust data encryption and access controls, complying with industry standards and regulations.
Improved Employee Satisfaction: Promote a positive workplace culture by fostering transparency, fairness, and recognition through a well-defined and communicated compensation structure.
Continuous Improvement: Access ongoing support, expert guidance, and data-driven insights to continuously refine your compensation strategy and maximize its impact on your business.

Industry Expertise

While Pave caters to all industries, it boasts valuable expertise in supporting companies within the technology, finance, and healthcare sectors. Its deep understanding of these industries' unique compensation challenges and benchmarks enables Pave to offer tailored solutions and data insights, ensuring client success in attracting, retaining, and rewarding top talent within their specific competitive landscapes.

Synopsis of User Ratings and Reviews

Based on an aggregate of Pave reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Streamlined Compensation Management: Pave simplifies the entire compensation process, from data collection and analysis to budget planning and salary reviews.
Data-Driven Insights: Gain valuable insights into your compensation data with comprehensive reports and dashboards. Identify trends, analyze pay equity, and make informed decisions.
Improved Efficiency: Automate manual tasks and eliminate spreadsheets with Pave's automated workflows and integrations.
Increased Transparency: Provide employees with clear and consistent information about their compensation through self-service portals and personalized reports.
Scalability and Flexibility: Pave adapts to the needs of growing organizations with its scalable architecture and flexible configuration options.
Excellent Customer Support: Receive dedicated support from Pave's team of experts to ensure a smooth implementation and ongoing success.

Cons

Limited Customization Options: While Pave offers a good range of features, some users find the customization options to be limited, particularly for complex compensation structures.
Learning Curve: The initial setup and configuration of Pave can be complex, requiring some time and effort to learn the platform.
Limited Reporting Capabilities: While Pave offers basic reporting features, some users find them to be insufficient for their needs, requiring additional tools for advanced reporting.
Integration Challenges: Some users have reported challenges integrating Pave with their existing HR systems, requiring additional technical support.
Cost: Pave can be expensive for smaller organizations, especially compared to some of its competitors.

Researcher's Summary:

Overall, user reviews of Pave are generally positive, praising its ability to streamline compensation management and provide valuable data-driven insights. Users highlight its ease of use, automation capabilities, and improved transparency as key strengths, especially compared to manually managing spreadsheets. However, some users find the customization options limited and the initial setup process somewhat complex.

One user noted, "Pave has completely transformed our compensation process. It's so much easier to manage data, analyze trends, and make informed decisions. Plus, our employees now have greater access to information about their compensation, which has boosted morale and engagement." Another user commented, "Initially, the learning curve was a bit steep, but the support team was amazing and helped us get up and running quickly. Now, we couldn't imagine managing compensation without Pave."

While users appreciate Pave's core functionalities, some express concerns over its limited flexibility. Some users found it challenging to adapt Pave's features to their specific needs and felt it lacked the customization options available in competing products like BetterUp or Lattice. Additionally, some reviewers mentioned initial integration difficulties with existing HR systems, requiring further support and effort.

Despite these limitations, users acknowledge that Pave sets itself apart by prioritizing data security and offering excellent customer support. One user commented, "We were hesitant to move our data to a cloud-based platform, but Pave's commitment to security gave us peace of mind. Knowing our data is safe and secure is paramount to us." Another user added, "The Pave team has been incredibly responsive and helpful throughout our entire experience. They're always available to answer questions and provide guidance, which makes a huge difference."

Ultimately, user reviews suggest that Pave is a valuable tool for organizations seeking to streamline compensation management and gain data-driven insights. While some limitations exist, users emphasize the platform's ease of use, automation capabilities, and robust data security. However, organizations with highly complex compensation structures or specific customization needs may find competing solutions more suitable.

Key Features

Notable Pave features include:

Salary Benchmarking: Access real-time salary data for specific roles, levels, and locations to ensure competitive compensation packages.
Compensation Planning & Budgets: Set strategic compensation goals, manage budgets effectively, and forecast future talent costs with accuracy.
Merit Cycle Management: Streamline performance reviews, facilitate goal setting, and manage bonus calculations with ease.
Total Rewards Communication: Create personalized and visually appealing reward letters that effectively communicate the full value of employee compensation packages.
Self-Service Tools: Empower employees with self-service dashboards and functionalities to access compensation data, benefits information, and total rewards statements.
Integrations: Integrate seamlessly with existing HRIS, payroll, and ATS systems for effortless data synchronization and streamlined workflows.
Equity Management: Manage stock option grants, track vesting schedules, and visualize equity value for employees.
Customizable Reports & Dashboards: Generate tailored reports and personalized dashboards to gain insights into key compensation metrics and trends.
Data Security & Access Control: Secure employee data with robust encryption and implement role-based access controls for enhanced security and privacy.
Automated Workflows: Automate repetitive tasks like salary reviews, merit increases, and bonus calculations, saving time and resources.
Real-Time Data & Analytics: Gain instant access to up-to-date compensation data and leverage powerful analytics tools to make informed decisions.
Global Payroll & Compliance: Manage complex global payroll requirements and ensure compliance with relevant regulations across diverse locations.

Approach to Common Challenges

Attracting and Retaining Top Talent: Pave's real-time salary benchmarking and data-driven insights enable organizations to offer competitive compensation packages, improving their employer brand and attracting top talent. Additionally, personalized reward statements and self-service tools enhance employee satisfaction and retention.
Ensuring Internal Pay Equity: Pave's advanced analytics and customizable reports help identify and address pay gaps, promoting internal equity and fairness within the organization. The platform also facilitates transparent communication of compensation decisions, fostering trust and confidence among employees.
Managing Compensation Budgets: Pave's budget planning and forecasting tools enable organizations to allocate resources efficiently and strategically. Automated workflows and streamlined processes further reduce administrative burden and save time for HR professionals.
Complying with Regulations: Pave's global payroll features and compliance support ensure adherence to diverse regulations across various locations. The platform simplifies audit processes and provides robust data security, minimizing compliance risks.
Staying Competitive in the Market: Pave's access to real-time market data and insights allows organizations to stay ahead of the curve and adjust their compensation strategies based on current market trends. This proactive approach ensures that they remain competitive and attract the best talent in their industry.

Cost Of Ownership

Frequently asked questions regarding Pave pricing include:

Q: What is Pave's pricing model?
A: Pave offers a subscription-based pricing model with varying plans based on the number of employees and desired features. The basic plan starts around $7 per employee per month, while more advanced plans with additional features can cost up to $20 per employee per month. Additional fees may apply for custom integrations or large data sets.
Q: What are the hidden costs of using Pave?
A: Beyond the subscription fee, potential hidden costs include implementation and training fees, data migration fees, and additional charges for exceeding included data limits. It's crucial to thoroughly review the plan details and understand any potential add-on costs before committing to Pave.
Q: How does Pave compare in cost to other compensation management solutions?
A: Pave's pricing falls within the mid-range compared to competitors. While some basic solutions are cheaper, they often lack the comprehensive features and data insights offered by Pave. Conversely, more expensive solutions might include unnecessary features for smaller organizations. Evaluating your specific needs and comparing features across different platforms is crucial for determining the best value for your budget.

Limitations

Notable limitations of Pave include:

Limited customization options: While Pave offers some degree of customization, users may find it insufficient for complex compensation structures or unique business needs.
Basic reporting capabilities: While core reporting functions are available, advanced reporting and data visualization tools may be lacking for organizations requiring in-depth analysis.
Learning curve: Navigating the platform and utilizing its full functionality may require some investment in training and user onboarding, especially for non-technical users.
Limited customer support options: Some users report limited accessibility and response times for customer support, particularly for smaller organizations or those on lower-tier plans.
Potential integration challenges: Integrating Pave with specific HRIS or payroll systems may require additional technical expertise or assistance, potentially incurring extra costs.

Demo Resources

Resources that provide Pave demo insights include:

Interactive Product Tour: Explore Pave's features and functionalities at your own pace with the interactive product tour. Get a first-hand look at the user interface and discover how Pave can streamline your compensation management processes.
Case Studies: Learn how real companies are using Pave to achieve their compensation goals. Read about their challenges, solutions, and results to see if Pave can be the right fit for your organization.
White Papers: Dive deep into specific compensation topics with our white papers. Gain insights from industry experts and learn best practices for building a strong compensation strategy.
Blog Posts: Stay up-to-date with the latest compensation trends and news by reading our blog posts. Get practical tips and learn from other HR professionals.
Webinars: Join our live webinars to hear from Pave experts and learn about the latest features and functionalities. Get your questions answered and see how Pave can help you solve your compensation challenges.

FAQ

Frequently asked questions regarding Pave include:

Q: How does Pave integrate with existing payroll systems?
A: Pave offers seamless integration with major payroll providers, ensuring a smooth and error-free transfer of compensation data. This eliminates the need for manual data entry and duplication of efforts, saving time and resources.
Q: What types of reports and analytics does Pave provide?
A: Pave offers a comprehensive suite of reports and dashboards that provide valuable insights into compensation data. Users can analyze salary trends, identify gaps in pay equity, track performance metrics, and forecast future compensation needs. This data-driven approach helps organizations make informed compensation decisions.
Q: How does Pave ensure data security and compliance?
A: Pave prioritizes data security with robust security measures, including data encryption, access controls, and regular security audits. It also adheres to strict industry standards and regulations, ensuring compliance with data privacy laws.
Q: What level of customer support does Pave offer?
A: Pave provides dedicated customer support to ensure a smooth user experience. From onboarding and implementation assistance to ongoing technical support and training, their team is available to answer questions and resolve issues promptly.
Q: How does Pave scale to accommodate the needs of growing organizations?
A: Pave's scalable architecture allows it to seamlessly adapt to the evolving needs of organizations. As your company grows, you can easily add users, manage multiple locations, and implement new features without compromising performance or efficiency.