Compensation 101
The combination of benefits, cash compensation, and equity that you receive from your organization.
What is total rewards?
The systems we integrate with.
What are the systems we integrate with?
The option to buy a specified number of shares at a given price.
What are stock options?
Pave's most recent round of funding.
What is Series B?
A combination of implementations, customer success, and support.
What is delivery?
A process for revisiting employee's total compensation package at a defined cadence.
What is a merit cycle?
The level of access that a user has within Pave's products.
What are permissions?
The point at which your stock options begin vesting.
Trove
What was Pave formerly known as?
I am the VP of Customer Success
Who is Philip Farr?
A ___ divides an individual's pay rate by the midpoint of a predetermined salary range.
What is a compa ratio.
The order in which compensation changes are submitted and reviewed.
What are approval chains?
An independent appraisal of the fair market value of a private company's stock.
What is a 409A evaluation?
Pave's first product.
What is total rewards?
What are:
1. Bands
2. Communicate
3. Integrations
4. Plan
5. Platform
A formal statement documenting a company's position and strategy regarding employee compensation.
What is a compensation philosophy?
The number of customers currently using Pave's benchmarking dataset.
What is over 2000?
A type of equity where an employee is gradually transfers shares to an employee.
What is an RSU?
Benchmarking customers convert to SAAS customers
What is the flywheel?
They did Pave's first implementations before transitioning to customer success.
Who is Madeleine Tsao.
The portion of compensation determined by a quota.
What is variable pay?
How dilution is represented in VOL/TR?
What is not a thing?
Share price minus strike price
What is net equity value?
PicsArt
Who was Pave's first customer?
I participated in Pave's first implementations before transitioning to customer success.
Who is Madeleine Tsao?