Case Study: How Workato cut its benchmarking and salary-range process from 10 weeks to 3 with Pave
Key results
The challenge
Workato's compensation team ran its annual benchmarking and salary-range process manually, a cycle that stretched to about 10 weeks and left little time for pre-planning with business leaders. The senior compensation manager supported 180 managers across the company's cycles.
The solution
Workato implemented Pave's Market Pricing to benchmark roles and build salary ranges from a single source of market data.
“Ultimately, what [Market Pricing from Pave] enabled me to do is free up seven weeks of time to focus on pre-planning with business partners, leaders, and managers.”
NPNeil PfeifferSenior Manager of Global Compensation, Workato
The results, in context
Workato reduced its annual benchmarking and salary-range process from 10 weeks to 3 weeks, freeing roughly seven weeks to focus on pre-planning with business partners, leaders, and managers. Both compensation cycles closed on time, a company first, with key consultations finishing about two months earlier than usual.