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How to use Ravio's new hires and offer data

This guide explains how to use the ‘New hires / offers’ tool to view the most recent compensation data for specific roles, ensuring your offers remain competitive in a fast-moving market.

 

Overview

Ravio’s New hires / offers tool provides a real-time pulse on what companies are currently paying for new talent. While standard benchmarks show what the entire market is paid, this feature focuses specifically on recent offers and successful hires. This is crucial for recruitment teams and managers who need to know what it takes to sign top candidates today – not six months ago.

Prerequisites

  • Permission Level: Admin or Manager with benchmarking access.

  • Data needed: None (this is an external market view).

Step-by-Step Instructions

Step 1: Navigate to New hires / offers

To see the latest market entry points, access the external data section.

  • Navigate to Explore the market in the left-hand menu.

  • Click on New hires / offers.

Step 2: Define your search criteria

Filter the data to match the specific profile you are hiring for.

  • Job role: Select the specific Ravio role (e.g., Software Engineering - Backend).

  • Level: Choose the seniority level (e.g., P3 - Senior Professional).

  • Location: Select the relevant geography to ensure the data is localised.

Step 3: Analyse offer distribution

The tool will display the distribution of recent salary offers for that specific role.

  • Review the Offer range: See the minimum, median, and maximum salaries currently being offered.

  • Midpoint comparison: Compare the current 'New hire' median against the general market median to see if the cost of talent is rising.

Step 4: Refine by peer group

To ensure you are benchmarking against the right competitors, adjust your peer group settings.

  • Filter by Industry, Funding stage, or Headcount.

  • Tip: If you are a Series B startup, filtering for 'Series B' and 'Series C' companies will give you the most relevant data for your talent pool.

Step 5: Inform your recruitment strategy

Use these insights to set realistic budget expectations for open roles.

  • Share these data points with hiring managers to justify offer amounts.

  • Use the data to identify if your current salary bands need an out-of-cycle adjustment to stay competitive for new talent.