Morgan Stanley at Work and Pave, a leading provider of real-time compensation benchmarking and planning solutions, today announced the launch of an integration with the Shareworks application programming interface (API) which will allow Morgan Stanley at Work Private Markets clients to seamlessly access real-time compensation benchmarking and planning solutions.
The announcement comes on the heels of several initiatives by Morgan Stanley at Work to bring relevant and important data seamlessly to clients. These include integrations with all major accounting firms including KPMG, Deloitte/GAIN, and Ernst & Young, an API with Wilson Sonsini that reads and writes capitalization data directly into Shareworks, and an API with Workday that allows for flexible file imports.
“We are thrilled to work with Pave to bring real-time compensation benchmarking and planning to our clients,” said Kevin Swan, Head of Private Market Ecosystem, Morgan Stanley at Work. “Now more than ever, clients are seeking a one stop shop for accurate and timely information to drive data-led employee decisions. Within the lens of our focus on arming clients with everything they need in one place, this integration brings an added breadth of data for clients on the Shareworks platform.”
In a turbulent market environment, companies are rapidly adjusting their equity compensation philosophy. Integrated clients will be able to leverage Morgan Stanley at Work’s equity information to benchmark equity grants against peers, plan equity refresh grants, and communicate equity with employees. Together, clients can build competitive equity packages that help meet employee needs and align with company financial goals.
“We’re ecstatic about our integration with Morgan Stanley at Work,” said Matt Schulman, CEO of Pave. “It’s not every day that two leading forces team up to offer companies an innovative and comprehensive compensation solution. By integrating Pave’s platform with Shareworks, employers will have access to unique insights that can help make more informed and equitable compensation decisions.”
Pave is on a mission to build the world’s best compensation tools and easily accessible market data so companies can plan, communicate, and benchmark in real-time. Through the integration with Morgan Stanley at Work, Pave can help companies make data-driven equity decisions that are fair, transparent, and rooted in market data.