Merit Cycle State of the Union

In the current market, total rewards leaders are being asked to do more with less, including running merit cycles under more constraints (for both cash and equity). To take some of the leg-work out of researching benchmarks, we’ve dug into Pave's real-time data to outline merit cycle trends from Q1 of 2024.  

We were inspired by questions from our customers like:

  1. Are other companies changing the merit process due to restricted budgets?
  2. What is the current median salary increase?
  3. Are companies running merit cycles at all?
We’ve covered all of these, and more, in this guide with our partner Alpine Rewards, so that you can see how you compare to what's happening in the market. 

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What makes equity compensation work for an organization in 2024? Our team at Pave analyzed the real-time data available in our platform across 6,400 customers and 50 countries to understand the latest in equity compensation practices. We’re sharing what we learned to help you make equity decisions that are responsible and competitive with market trends.
Pave is the leading compensation management platform, powered by real-time data, that helps companies benchmark, plan, and communicate compensation.