Ravio Description
Global tech companies rely on Ravio to provide real-time benchmarking of total rewards, market trends and compensation management. Compare your compensation with live data on salary, equity, variable and variable pay, benefits, and more, sourced directly by global tech companies just like you. Connect your HR system and Ravio will map your employees' (or level frameworks) to the relevant Ravio standard. Adjust your benchmarks as you grow, to ensure apples-to apple comparisons. Compare the total compensation packages of your employees with live market data. To ensure relevance, you can filter by industry, headcount and funding stage. Salary bands and budget forecasting are easy to use and provide a way to balance people's goals and budget realities. By providing the "why" of every compensation decision, you can help managers, finance and talent acquisition teams to have informed conversations. Transparent salary bands eliminate the back and forth.
Ravio Alternatives
Pave
Real-time communication and planning of compensation is possible. Pave makes it easy to make better comp decisions and eliminate spreadsheets. It is powered by real-time integrations from your HRIS, ATS and Cap Table. Merit cycles can be a tedious process. Teams create compensation reports and have spreadsheets that are accessible to every manager. Pave centralizes compensation data to manage merit cycles in one place. Employees and candidates often overlook the entire picture regarding equity, bonuses, or benefits. Pave lets you visually present the entire dream to attract and retain top talent. Most surveys require periodic manual uploads, resulting in out-of-date compensation data. Pave integrates your systems in minutes and provides real-time benchmarking data for compensation. Surveys on compensation are outdated. Total rewards are more than just salary.
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PayReview
PayReview gives you instant access to benchmark salaries and position salaries. To motivate, retain, and attract your workforce, it is important to offer the best compensation packages. To ensure parity between salaries of employees at the time they are hired and when they are reviewed for their performance, we enable both Internal and External benchmarking. You will get detailed insights such as organization parity, performance distribution, budget usage, etc. This eliminates the need to rely on outdated survey data and allows you to attract and reward employees with a competitive salary structure. Employers have the flexibility to allocate variable pay, one-time bonuses, and increments based on different metrics. Management can quickly identify and flag increases that are not consistent with their strategies. With robust intelligence software, you can quickly identify attrition probabilities.
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Workday HCM
A HCM system that adapts to the future. Your workforce, where and how they work, and even the skills that you need to adapt, all change. How can you adapt to the future? Meet Workday Human Capital Management (HCM). Machine learning allows you to understand the skills of your people today and build talent around those skills tomorrow. Workday Human Capital Management allows you to make recommendations, suggest learning, and keep the lines of communication open. It's possible to do it at scale. Our augmented analytics uncovers insights from large data sets and explains why in stories that you can understand. Intelligent automation is provided throughout the attract-to-pay process. This eliminates manual tasks and empowers your employees to be their best selves. Workday HCM can help you manage your workforce, from compensation and payroll to benefits tracking and time tracking, to time tracking and more.
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Compport
Compport is a SaaS-based solution that manages all your compensation plans. This includes candidate offers, annual/adhoc salaries review, bonus/incentive plans (customized for clients needs), long term incentive plans and Rewards and Recognition schemes.
It is a 100% modular solution that allows users to design single or multiple compensation plans with 100% flexibility. They can then compare and assess the budget and impact upfront, launch it to line managers to review the salary components for their respective teams, and then allow communication with employees via a digital form to allow access to letters and total rewards statements.
It assists organizations in achieving the following:
• Superior efficiency up to 90% in all compensation processes
• 100% flexibility in comp modeling and agility
• Leaders, managers, and HR can make better decisions
• Empowered culture through cascading decisions to the right stakeholders with the controls needed
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Company Details
Company:
Ravio
Headquarters:
United Kingdom
Website:
ravio.com
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Platforms
SaaS
Type of Training
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Live Online
Customer Support
Online
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