Rippling Announces Integration with Carta, Unifying Salary and Equity Compensation Management
SAN FRANCISCO, April 26, 2022–(BUSINESS WIRE)–Rippling, the leading unified workforce platform, and Carta, the leading equity management platform, announced a new partnership that will allow Rippling’s clients to consult in real-time salaries and stock compensation in one place.
This new partnership will allow companies to:
View employee equity and salary data in one place. By combining equity data in Carta and salary data in Rippling, customers will have a real-time, 360° view of employee compensation, without having to mix data between systems. Companies will also have access to benchmarking – powered by Carta Total Comp – to view an employee’s total compensation against the market.
Automatically sync key HR changes to Carta. Eliminate the administrative burden of updating both systems when employee-related events occur. For example, dismissal of an employee in Rippling will instantly trigger their dismissal in Carta and result in a review and confirmation of the final vesting date.
Allow managers to securely see their team’s equity in Rippling. Companies can fine-tune who can see an employee’s equity in Rippling based on their department, role, level, and more. Managers no longer need to go to HR, Finance, or Legal every time they need to know the net worth of one of their reports.
Automate no-code action administration work by creating no-code workflows. Businesses can create workflows using Carta data to help automate manual work, such as a workflow to notify HR and managers (via Slack, email, etc.) whenever the A person’s total compensation falls below a specific threshold due to their stock acquisition. This way, companies can increase an employee’s total compensation, if needed, before they start exploring other opportunities.
“For the first time, companies can view and manage employee pay and equity in one system. This will help companies hire and retain top talent, eliminate countless hours of administrative work, and simplify complex reporting and scheduling. It’s a powerful integration that ‘will make running a business easier,’ said Parker Conrad, CEO of Rippling.
“The hiring market has never been more competitive,” said Henry Ward, CEO of Carta. “This integration with Rippling will give their clients the salary and equity insights they need to recruit, hire and retain top talent.”
The partnership is a two-way integration that allows equity data to sync with Rippling while employee attributes, compensation, and termination data sync with Carta. Rippling and Carta customers can learn more here.
Rippling is the premier way for companies to manage all of their human and IT resources (payroll, benefits, computers, applications, etc.) on a unified workforce platform. By connecting every business system to a source of truth for employee data, companies can automate all the manual work they normally have to do to make employee changes. Take integration, for example. With Rippling, all you have to do is click a button and set up a new employee’s payroll, health insurance, work computer, and third-party apps, like Slack, Zoom, and Office 365, all in 90 seconds. .
Based in San Francisco, Calif., Rippling has raised $450 million from the world’s top investors, including Kleiner Perkins, Founders Fund and Sequoia, and was named one of America’s Top Startup Employers by Forbes.
Carta is a software platform that allows founders, investors and employees to manage equity and ownership. By making it easier for employees to issue equity and put them on payroll, Carta is creating more shareholders and taking steps to close the ownership gap.
Since its inception in 2012, Carta has grown to manage hundreds of billions of dollars in equity. Clients like Canva, Classpass, Intercom, and Union Square Ventures trust Carta to manage their cap tables, valuations, portfolio investments, and stock plans. Over 26,000 companies and over half a million employees trust Carta to manage cap tables, valuations, portfolio investments, fund administration, SPV formation, and more.
Carta has been included in Forbes World’s Best Cloud Companies list, Fast Company’s Most Innovative list, and Inc.’s Fastest-Growing Private Companies.
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