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Blog

Rippling’s platform + Carta’s database = the new frontier for managing compensation bands

Author

Published

April 24, 2024

Updated

April 24, 2024

Read time

3 MIN

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So long, spreadsheets. We've enriched the Rippling and Carta integration so you can access salary and equity benchmarks across more than 40,000 startups—the world’s largest private-market database—to build customized compensation bands and gain more control over headcount costs.

We first partnered with Carta two years ago to create a single platform to view an employee’s salary and equity compensation. Now, you can sync Carta’s vast database of pay scales with Rippling’s HR and payroll tools to create bands tailor-made for your budget and talent needs. 

Bands that match your workforce’s needs

Compensation bands, or ranges of pay for employees across different roles, help companies clarify salary expectations, give raises, budget, and set headcount targets. They also help ensure pay transparency and equitable hiring practices. 

But manually tracking compensation bands for your entire workforce in spreadsheets is time-consuming and error-prone. With Rippling, you can: 

  • View and manage compensation bands in a single place that’s tied to the rest of your employee data.

  • Automatically map bands to new hires based on level and location.

  • Assign role-based permissions to securely give different team members proper access levels to different compensation bands.

  • Automate approval chains to ensure compensation offers and adjustments stay within budget.

  • Run compensation reports across different employee attributes to ensure equitable practices.

When you use Rippling compensation bands alongside our headcount planning tool, approved compensation amounts are automatically reflected in your budget, helping your teams track approved and forecasted cash and equity. 

Carta’s compensation data on Rippling’s platform

Rippling’s new integration with Carta’s Total Compensation tool takes compensation management to the next level. Now, you can access pay ranges across thousands of different roles, locations, job levels, and company sizes, allowing teams to use the world’s largest private-market dataset to structure their compensation bands.

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Whether you’re a company valued at $50 million hiring a product designer in Los Angeles or a smaller startup hiring a CMO in Albuquerque, you can use Carta’s benchmarking features on Rippling to nail down a compensation built for your company’s needs. 

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Customizable compensation bands

When you pull in Carta Total Compensation’s benchmarking data alongside employees’ current compensation packages, you can determine how their pay compares to market trends and your company’s big-picture compensation practices. This can help you retain talent while staying on track financially.

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See Rippling and Carta in action

The new Rippling and Carta integration allows teams to use real-time pay data across 40,000 companies to structure compensation plans. The result: better headcount planning and the kind of visibility that ensures equitable compensation packages companywide. 

Sign up for a demo to see how Rippling’s headcount planning and compensation bands features can help you share, track, and stick to your plan. 

Build compensation bands with confidence

Disclaimer

Rippling and its affiliates do not provide tax, accounting, or legal advice. This material has been prepared for informational purposes only, and is not intended to provide or be relied on for tax, accounting, or legal advice. You should consult your own tax, accounting, and legal advisors before engaging in any related activities or transactions.

Hubs

Author

The Rippling Team

Global HR, IT, and Finance know-how directly from the Rippling team.

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