Featured blog posts

Used alongside salary benchmarking and salary bands, knowing how to decode the compa-ratio calculation is a key way to ensure your compensation strategy is fair, transparent, and objective. Here’s everything you need to know.

But why has it become such an important cornerstone of HR, and how do you benchmark a salary in the first place? Let’s find out. 

In this article, we’ll dive into the different ways that AI can be used to enhance and improve compensation practices — including how we use it in our own product. We’ll also chat about the risks and challenges involved, and share some advice for fair and responsible AI use. ‍

Salary bands have the potential to drive pay equity, attract and retain talent, plus boost employee performance.So why aren’t all companies using salary bands yet? 

Read on for our full guide to long-term incentive plans and what they could look like at your organisation. 

Let’s look at the OTE salary meaning in more detail, including how it’s calculated and why knowing how it works matters. 

In our recent blog series, we’ve been chatting with global HR leaders to get their thoughts on what’s happening in people management. Most recently, we met with Aaisha Knights-Ihediwa, Chief People Officer at LMAX Group. 

Here’s everything you need to know about compensation management tools — from their benefits and features, to how to choose the right one for your company. Ready to level up? 

What if you could access a quick snapshot of a salary range for any position, just by browsing to a relevant profile on LinkedIn? Well… now you can. 

Nebel is an impressive HR practitioner whose track record includes leading people teams at Virgin Holidays and River Island. So naturally, we were thrilled when she agreed to join us (with her cat) to chat about HR and compensation.

In this article, we’ll dive into the link between compensation and company culture — and why you need to start thinking of them as two sides of the same coin. 

Below are seven companies of all different sizes, from all over the world, that all have one thing in common: they’re doing compensation and benefits right this year. 

In this article, we’ll dive into the pros and cons of tying salary reviews to performance reviews, so you can decide what’s best for your organisation. 

Maybe they’ve been offered more money, a different position with a shiny new job title, or extra perks and benefits. Either way, it’s enough that they’re reconsidering their decision to leave their current employer. Read on for our complete guide to what to do in this situation.

To maximise the employee experience and increase retention, you’ll need to assess and adjust salaries. In this article, we’ll take a closer look at why salary benchmarking is becoming a key retention strategy, and how companies are making it work for them. 

But is it such a bad thing if your employees discuss their pay with each other? And, more to the point, is there actually anything you can do to stop them? 

Many companies are looking at overhauling their compensation review practices. Evolving beyond the basics means looking at the cutting-edge HR best practice and implementing new strategies that move your processes from ordinary to outstanding.

Today, we’re busting five common myths about pay transparency, to help you understand what it will really mean for your business.

In this article, we discuss why you shouldn’t wait for your employees to ask for a raise — and what you can do instead. 

FiguresAI steps in using machine learning, tripling your salary insights.

We sat down with HR expert Jason Waterman, current CPO at ProSapient, and Co-Founder/Advisor, at People Club. He shared with us his journey & challenges, moving beyond the stereotype of HR and what's cooking in his kitchen!

Building salary bands should not just be “yet another fancy HR project”; you should initiate it because it will solve some of your team members’ and managers’ problems and needs. Here's how and why you can communicate your plans.

If you're a founder and are not sure what is fair to pay yourself, there's no need to stress. We have just the tool for that. Meet the Founders Compensation Calculator: Say farewell to guesswork and embrace the power of data-driven compensation for founders!

What's the first step in starting your salary bands journey? Getting your ducks in a line and your leadership onboard with this new project. Here's our guide on what to do, main questions to ask and a template to get you started!

Now, especially with the rising cost of living, economic uncertainty, and waves of layoffs happening globally, many employees are beginning to feel the stress of finances. Here's what 4 companies are doing to support their employees.

In the competitive landscape of today's job market, attracting and securing top talent is a key priority for HR professionals across Europe. So whether you're looking to get started or if you're looking to improve the way you benchmark, this article is for you!

Investing in a salary benchmarking tool is one of the best ways to ensure you’re offering competitive yet fair salaries. But, getting approval from finance for new technology often means demonstrating exactly how you expect that investment to pay off... here's an article to help you with that!

Compensation review process: a critical tool for HR to have a productive workforce. Learn how pay impacts retention, motivation, and business performance.

Discover the key insights of salary bands in the UK with Figures' comprehensive guide. Navigate the maze of pay scales and unlock the key to fair compensation.

Gear up for the Ultimate Salary Band Structure Workshop: Tools of the Trade Revealed! Gain valuable insights and expert guidance as we dive deep into the essential strategies and tools required to create a comprehensive salary band structure that drives success for your organization.

Salary bands, pay bands, salary banding… regardless of what terminology you use, you know about them. ‍Maybe you have them already or are looking to improve? Whatever stage you’re at, this overview covers the biggest mistakes that HR teams (like you) can avoid to get the maximum benefits from salary bands. 

Learn how to improve employee retention and motivation with salary bands, the secret weapon for success. Discover why salary bands are crucial for attracting and retaining top talent, promoting transparency, and complying with the upcoming EU Pay Transparency Directive.

Tired of managing your employee salary bands on complex DIY spreadsheets with multiple tabs? We’ve worked with our customers and Compensation experts to build an intuitive and easy solution for all Comp&Ben and HR leaders to help them manage their bands like a breeze. 

Your bands are made... but what's next? Evaluating them and preparing to share to your team of course. Follow along with these steps to make sure you're set up for success.

Picture this: you're a master chef, carefully balancing the ingredients to create the perfect dish. Well, designing salary bands is no different! It's all about finding that sweet spot—the ideal width that ensures fairness, attracts talent, and supports your organization's goals.

Ah, Glassdoor. The website where employees can anonymously rate their employers, air their grievances, and praise their bosses. But what happens when a company's Glassdoor rating isn't looking so hot?

With the recent buzz surrounding the EU Pay Transparency Directive, it's time that we show the benefits of pay transparency for both employees and organizations, and explain why it's a good thing for everyone involved.

Have you ever asked yourself: "how much should an employee based in ___(city) with a base salary of ____(salary) earn in ___ (new city)?"‍ Well you're not alone. Meet the Global Salary Converter by Figures.

Are you struggling to navigate the complex world of international hiring? More than ever before, companies are turning to Spain to find their next all-star team member. Learn why should you and how can you hire in Spain!

In this article we will help you to understand the following: The requirements of the EU Pay, Transparency Directive Comprehensive checklist to ensure compliance to the EU Directive, Cost of not preparing for the EU Pay Transparency Directive

Will UK companies be affected by the EU Pay Transparency Directive? How is the EU Pay Transparency Directive different than the already existing Gender Pay Gap Reporting? Get answers, strategies, & more!

Continuing the series collaboration between Figures and Flexa, we’re discussing the topic of remote work for employees from a flexibility perspective. 

It’s time to get serious about salaries. With the EU Pay Transparency Directive coming into force soon, HR leaders are preparing for the transition toward meeting these new regulations. But where do you start? Salary bands.

As companies in the European Union prepare for the upcoming pay transparency regulations, one key element that needs to be considered is the implementation of salary bands. Do you know what they are?

All compensation data is not created equal. With payroll being one of the largest costs for most companies, using bad data can lead to negative consequences for your organization. Learn how to evaluate and find the best data for your compensation decisions.

Salary Bands: What are they and why should you care? Learn how salary bands can help drive business success by promoting pay equity, transparency, and trust.

In a competitive job market, retaining top talent is key. One way to achieve this is by boosting trust with your employees through open conversations about compensation. But those kinds of conversations are hard to achieve if your compensation strategy isn’t backed up by reliable data. 

“We offer a competitive salary” You see your competitors are using it. Maybe you are using it too. It’s quite industry standard by now. But is it really helping you with hiring?

We’ve always taken security very seriously and we just went one more step further. Figures is officially the 1st European compensation management solution to be ISO 27001 certified!

If you’re already starting to think about salary transparency, you’re already a step ahead of most companies. But are you the expert?

By knowing what the market is doing, it’s easy to quickly yet confidently set competitive salaries for both new and existing employees.

Effective HR leaders make strategic decisions and report effectively to stakeholders. Using market compensation to support compensation strategies is a highly effective way to maximize ROI.

Alongside benefits expert Ben, we looked into how compensation and benefits varies based on company size and shared our key takeaways!

The Gender Pay Gap in Europe is shrinking... right? See the latest data, learn about the root causes and recommendations for closing the gap in this comprehensive report.

In collaboration with New Pay Collective, we collected & analyzed benefits answers from over 123 participating companies, to build the German Benefits Benchmark report 2023. Here's a sneak peek at some of the insights you can get from the report and the webinar recording! ‍

Employees are your most valuable asset and their compensation likely makes up a large part of your budget. To avoid making costly pitfalls, we’ve rounded up the top five employee compensation mistakes, plus how to fix them. 

Employee retention is critical to the success of every modern business. Check out these five employee retention strategies you can take to increase both your retention and employee engagement levels.

The employee experience matters more than ever before. Companies need to step up and show their people that they matter. It's time to optimise employee satisfaction with the right compensation.

A hiring freeze doesn't mean that HR departments have to stop being productive. Get inspired by our ideas for actions for your team to take to stay busy & creative!

By using this checklist HR professionals can ensure that they are meeting the needs of their company while providing fair compensation to all employees.‍

Concerned about employee retention? You’re not the only one. What can you do to give your business a competitive edge?

This article discusses ways that organizations can save money using a compensation platform, including reducing the time of managing employee compensation, and retaining talent.

With Europe setting legislation behind the United States, it gives us the benefit of being able to learn & not repeat some mistakes made.

We want to get you up to speed on what salary benchmarking is, why it’s important and – last, but not least – show you how Figures is the best tool you can use for it.

As part of our new partnership - Figures X Flexa, we’re bringing you a new series discussing remote work, flexibility and compensation. ‍

With salary mass being organisations #1 cost centre, how can organisation better manage employees' compensation to help reach their goals? ‍Buckle up, it's time to learn how!

Introducing The State of Pay report by Figures x Assemble. With over 48,000 data points gathered & analyzed, this report shows how employee compensation differs between the US and Europe.

In collaboration with 7People and YourCampus, we collected & analyzed benefits answers from over 250 participating companies, to build the Dutch Benefits Benchmark report 2023. Here are 5 key insights from the full report.

The buzz about the new EU pay transparency laws isn't going anywhere. In the first article of our newest series, we are covering the who, what, where, when, why, and how of ​​the incoming EU pay transparency regulations.

As an HR manager, conducting an annual compensation review can be a daunting task. But fear not, because with a little bit of planning and some helpful tips, you can make the process a breeze. Here are three do's and three don'ts of conducting an annual compensation review that will make the process more efficient and effective.

If you’re an HR leader setting salaries for a UK company, keeping on top of trends and industry averages is essential. Knowing the current state of the market means you can anticipate any changes and decide what to do proactively, rather than making reactive decisions that may not be best for the company or your employees.

As employee retention becomes more of a focus than recruitment, it’s vital that companies can offer competitive salaries. Creating a competitive benefits package that’s regularly reviewed can help boost engagement and performance—which in turn can keep employees satisfied in their work.

As a company, knowing how to structure your salaries can feel like a challenge. You want to offer competitive pay, but also need to work within your budget. Many companies use salary surveys as a way to discover what compensation their competitors are offering. ‍We want to help you find out more about salary surveys plus why and when you might need to use one.

With tech companies under more pressure than ever before, HR departments need to move fast. From attracting top talent to creating competitive job offers and ensuring a seamless candidate process, there’s a lot to achieve in a short space of time.

The gender pay gap might be closing—but not fast enough. We’ll explore the damaging effects that gender pay inequality can have, before discovering six steps to reducing the gender pay gap that every company can take. 

It’s the end of the year, deadlines are here and… so are compensation reviews (it almost rhymes right?) Whether you’re a seasoned pro or just getting started, we hosted a live workshop to walk you through the best practices for you to prepare for your annual compensation review (using exclusive Figures templates and new survey data).

Master the art of conducting an annual compensation review process and salary review with Figures' crafted guide, packed with tips and insights. Learn more.

One of the main challenges facing tech companies today is how to attract, and then retain the top talent. And as an industry with above-average rates of employee turnover, there’s plenty of room for improvement. In this article, we’ll explore how a lack of pay transparency can lead to dissatisfaction and high employee turnover.

As an employer, having a happy team is essential to success, which often means having an international team in different locations. In this webinar hosted by Localyze Virgile, CEO of Figures talks about the cons and pros of remote work, global salary benchmarking and much more!

The Gender Pay Gap is a persisting issue in the workplace. Our analysis showed that transparency drives equal pay. Find out how it will help to reduce the gap.

Our survey shows that 67% of companies host annual salary reviews, with 72% of organisations not altering their frequency of salary reviews.

To find our perfect mix between high performance & productivity and an outstanding work-life balance for the team. Given our growth, we need to be sharp and optimize every productive moment to give ourselves the means to reach our ambition.

The compensation philosophy is similar to a company mission statement focusing on compensation. Ultimately it will detail your convictions and expectations on pay, benefits, rewards, or recognition and set the foundations of your internal policies. It should be part of your company culture and reflect your company values.

With the cost of living skyrocketing and inflation on the rise around the world, you need to review your policies and see how you can mitigate inflation.

How do you define what a “Junior” is? How do you differentiate a Head of from a VP? It’s very tricky to define any fair and efficient compensation structure without an associated definition of each level of seniority in a company.

The debate over salary transparency is heated as more and more firms decide to start sharing their salaries. Are the pros too high to outweigh the cons?

Our latest survey consulted more than 200 business founders and People leaders from all over the world. We asked whether they’ve adjusted salaries in line with inflation and, if so, how much. 

For several years, companies have been stepping up their efforts in terms of diversity and inclusion policies. Yet companies find it difficult to measure the impact of their efforts. In this article, we will look at some good practices for measuring inclusion in your company. 

Median hourly wages in the UK have increased by almost nine British pounds between 1996-2022. Read on to find more details about the average working hours in the UK.

Get a quick glimpse on salary comparison between different industries, educational backgrounds, ages, and gender. Learn where your compensation packages stand!

An equity scheme can connect employees with the company culture and motivate them to succeed – and that’s why they’re about to take off. In our latest webinar, Virgile was joined by Ledgy’s CPO Ben-Elias Brandt to discuss the allocation of equity, and how to get it right.

In today’s world, where talking about salaries is no longer taboo, you can’t just set salaries on a whim or base them on personal equations. Salaries must be fair, comparable to what your employees would get at other companies and have justifiable returns. It would help if you had a compensation strategy, and here is some help to get you started.

Our latest report examines the gender pay gap in the UK. There still aren’t enough women sitting on boards, founding or directing companies – how can we work towards change?

The gender pay gap is a hotly debated topic, and it's one that persists in many work environments. We discovered a 19% unadjusted pay gap in European startups.

Whereby is a fully-distributed company with a split compensation structure (USA and Rest of World). In our latest webinar, COO Jessica Zwaan explained how their successful compensation framework was designed and implemented.

Dive into the world of pay transparency and compensation disclosure. Explore the right way to approach it, optimizing rewards while minimizing risks. Learn more.

Properly communicating everything that goes into their compensation plan will help your employees feel more valued and appreciated. Plus, people talk, in and out of the office. Discussing salaries is growing more and more socially acceptable. So, let’s get ahead of the game and start talking about it the right way.

With remote work being more and more in vogue, the question of work location & salary comes into light. How much are remote workers being paid? And those based outside of Paris? Let's see!

We've all heard about the glass ceiling for women in management, but what does it look like in start-ups? We looked at the data in Figures and here's what we found.