What Does Hay Do?

Total employees60
HeadquartersPalo Alto
Founded2020

Hay (Hay.com) is a modern compensation cloud platform designed to help companies make fair and competitive pay decisions. It provides businesses with real-time market data, tools for managing compensation structures, and insights for pay equity, enabling them to attract, motivate, and retain top talent. Hay aims to simplify complex compensation processes through a data-driven and intuitive interface, catering to innovative companies looking to build transparent and effective reward strategies.

Where Is Hay's Headquarters?

HQ Function

Serves as a key hub for strategic leadership, business development, product strategy, and engagement with the US tech market. Operations are distributed, with strong engineering and product teams also operating from other locations like Toronto.

Notable Features:

While specific details of the Palo Alto office are not widely publicized, companies in this area typically feature modern, collaborative workspaces designed to foster innovation. Hay also emphasizes a strong remote and distributed work culture.

Work Culture:

Hay fosters a fast-paced, innovative, and collaborative work environment. The culture emphasizes data-driven decision-making, transparency, and a commitment to helping companies achieve fair pay. There's a strong focus on learning and adapting in the evolving landscape of HR technology.

HQ Significance:

The Palo Alto location provides Hay with direct access to a rich ecosystem of tech talent, venture capital, and potential enterprise clients. The Toronto presence taps into another major North American tech hub, crucial for engineering and product development.

Values Reflected in HQ: The choice of location and operational model reflects Hay's values of innovation, agility, access to talent, and leveraging technology for distributed collaboration and efficiency.

Location:

While Hay's physical offices are primarily in North America (Palo Alto, USA and Toronto, Canada), its cloud-based platform serves a global clientele. The company supports its international customers through its robust digital infrastructure and potentially through remote team members or partners in various regions. Its focus is on providing compensation solutions that can be adapted to different market needs worldwide.

Street Address:

[Specific street address for Palo Alto not publicly listed, general area indicated]

City:

Palo Alto

State/Province:

California

Country:

USA

Where Else Does Hay Operate Around the World?

Toronto, Ontario, Canada

Address: [Specific street address for Toronto not publicly listed, general area indicated]

Supports research and development, product innovation, and serves Canadian and North American clients. Leverages Toronto's diverse tech ecosystem and talent pool.

Buying Intent Signals for Hay

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Hay? Meet the Executive Team

As of April 2025, Hay' leadership includes:

Berkshire Erem - Co-founder & CEO
Paras Gadiya - Co-founder & CPO
Armen Avedissian - Co-founder & CTO

Who's Investing in Hay?

Hay has been backed by several prominent investors over the years, including:

Headline
Craft Ventures
Initialized Capital
Serena Ventures
Backend Capital
Soma Capital
Y Combinator

What Leadership Changes Has Hay Seen Recently?

Hire0
Exits0

No specific major public announcements regarding executive hires or exits at Hay have been identified in the last 12 months. As a relatively young, venture-backed company, the founding executive team appears stable and focused on growth.

What Technology (Tech Stack) Is Used byHay?

Discover the tools Hay uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Hay Email Formats and Examples

Hay likely uses common professional email formats. Based on industry patterns and available data, the primary format is often [firstname]@[companydomain].com.

firstname@hay.com

Format

john@hay.com

Example

85%

Success rate

What's the Latest News About Hay?

Hay BlogOctober 26, 2023

Hay Discusses Why Pay Transparency Matters More Than Ever

Hay published a blog post emphasizing the increasing importance of pay transparency in the workplace. The article explores how transparency can build trust, improve employee morale, and help companies comply with new legislation, aligning with Hay's mission to promote fair pay practices....more

TechCrunchJanuary 18, 2023

Hay wants to be the ‘compensation cloud’ for salary decisions, raises $11M

Hay announced it raised $11 million in a seed funding round co-led by Headline and Craft Ventures. The funding is aimed at further developing its compensation management platform and expanding its market reach to help companies make data-driven salary decisions....more

Hay BlogFebruary 13, 2024

Hay Explains How to Use Market Data to Inform Your Compensation Strategy

Hay shared insights on leveraging market data effectively to build a robust compensation strategy. The article details practical steps for companies to benchmark salaries, ensure competitiveness, and maintain internal equity using reliable data sources....more

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