If you’re reading this blog, it’s very likely that you’ve adopted or are considering adopting a modern approach to managing compensation at your company. You’re moving away from spreadsheets and moving towards a solution that provides equitable outcomes, improves efficiency, reduces errors, and helps keep your entire management team aligned.
Today, we’re excited to share that Pave has released six new self-service product features (yes, six!) to help you plan, execute, and communicate compensation changes to your organization in a scalable way.
After all, compensation decisions and merit cycles move fast. So should you.
Streamline and scale your approach to merit increases
Product: Compensation Planner
Feature name: Self-service Recommendation Logic
Who has access: Pave Admins
Ahead of every merit cycle, your team will need to determine how they want to handle merit increases, promotions, and market adjustments.
Getting the right guidelines in place for managers enables them to make fair and equitable decisions. Not to mention, it will also keep you on budget.
Self-service recommendation logic allows you to easily build and edit pre-set guidelines for merit increases, promotions, and more. Plus, the new product feature delivers a range of options to choose from for each pay type.
For more information on the recommendation logic we support, check out our documentation.
Customize your Total Rewards portal and make updates on the fly
Product: Total Rewards
Feature name: Self-service Total Rewards (About Us, Benefits, Appearance)
Who has access: Pave Admins
Making sure employees understand their total compensation is essential to driving happiness and retention.
With self-service Total Rewards, Pave admins have the power to build, update, and customize their Total Rewards portal in real-time for employees and candidates.
There’s three new updates that we’ve recently added.
Company details
With configurable company details, Pave admins can fully customize the “About Us” description and content, including the ability to add video, links to external documentation, and any other content that showcases a company’s unique culture.
Employee benefits
Pave admins also now have the ability to configure and update their employee-facing benefits pages as changes occur. Benefits can be easily configured for individual employee groups – for example New York or San Francisco employees – so that the portal is relevant and personalized for each individual.
Branded appearance
Lastly, Pave has recently shipped self-service appearance updates in Total Rewards. The new self-service appearance functionality makes it easy to deliver on-brand experiences, set up welcome banners, build dynamic experiences for employees and candidates, and more.
To learn more, check out the documentation here.
Manage access for your entire organization
Product: Compensation Planner & Total Rewards
Feature name: Self-service Access Controls
Who has access: Pave Admins
One of the most painful aspects of managing compensation in spreadsheets is the process of sharing key information with stakeholders across your organization. For organizations of any size, this process is incredibly laborious and leaves a ton of room for error.
With our recent update, Pave admins have access to two new self-service features that streamline the access management and verification process.
Self-service role management
Self-service role management allows Pave admins to configure and edit roles and access levels, whenever needed.
Pave admins can now set up and edit roles (e.g., Admins, Employees, Recruiters), assign permissions for roles, and assign roles to specific people within their company.
Impersonation
With Impersonation, Pave admins can instantly view Pave as other users in their workspace, which enables quick and easy testing, validation, and troubleshooting when required.
Impersonation can also be used to take action on behalf of managers. For example, a Pave admin can now edit or review employees in the Compensation Planner, view a manager’s rollup in Total Rewards, and create or view offers for recruiting.
Learn more about Role Management and Impersonation here.
Efficiency and scale: The new industry standard for managing compensation
There’s no one-size-fits-all strategy for compensation. Each company has unique requirements based on a variety of factors such as company goals, compensation philosophy, team size, budgets, and so much more.
While strategies vary, there’s one element that’s consistent across every single organization – the requirement to make and act on decisions quickly.
With Pave’s new self-service features, People leaders have the power to build at the speed their organization requires. It’s time to say goodbye to brittle spreadsheets and rigid tools, and time to say hello to a modern approach to compensation.
If you’re interested in learning more, you can request a demo here.
Learn more about Pave’s end-to-end compensation platform
