People are a company’s biggest asset and investment. Companies spend billions of dollars on recruiting, paying, managing, and trying to retain talent, as people are the lifeblood of a company. In fact, the average Fortune 500 company spends 50-60% of total spend on labor.
Employee compensation benchmarking startup Pave raises $46M in series B funding at a $400 million post-money valuation led by YC Continuity.
Pave, a San Francisco-based startup that recently graduated from YC Combinator is aiming to end the pay and equity gap with a software tool it developed to make it easier to track, measure, and communicate how and what they pay their employees.