This startup founded by Matt Schulman ENG16 W16 is seeking to boost transparency and fairness for workers worldwide by helping companies develop more robust compensation strategies. Pave’s data-driven platform serves as a hub from which firms can access their own compensation information as well as benchmark data from other businesses to inform salary offers, merit increases, and other pay-related decisions.
The ability to set company-wide compensation ranges for positions helps standardize packages and identify employees who are being under-rewarded, while insights for employees offer them visibility into their own compensation. Said Schulman last year: “We will not stop until every single person in the world knows their value and earns what they deserve.”
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