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Featured blog posts
Category
5 min read
Budgets Tight This Pay Review Season? Why ‘Dry Promotions’ Are Not the Answer
Many companies are thinking hard about how they can get the most out of their salary increase budget. So here’s the big question: do you need to give every employee who gets a promotion a raise as well as a change in job title?
Category
5 min read
The Impact of AI on Compensation: Should We Be Concerned?
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.
Category
5 min read
The Future of HR and Compensation with Aaisha Knights-Ihediwa
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.
Category
5 min read
7 Next-Level Comp & Ben Examples to Inspire You For 2024
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.
Latest blog posts
Category
5 min read
Decoding Compa-Ratio: A Comprehensive Guide for HR Professionals
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.
Read more
Category
5 min read
The HR Manager's Guide to Salary Benchmarking
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.
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Category
5 min read
The Impact of AI on Compensation: Should We Be Concerned?
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.
Read more
Category
5 min read
The A to Z of Salary Bands: Definition, Benefits, and Implementation
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 more
Category
5 min read
Long-Term Incentive Plans: What’s the Deal?
Read on for our full guide to long-term incentive plans and what they could look like at your organisation.
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Category
5 min read
Demystifying OTE Salary: What Does OTE Mean and Why It Matters
Let’s look at the OTE salary meaning in more detail, including how it’s calculated and why knowing how it works matters.
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Category
5 min read
The Future of HR and Compensation with Aaisha Knights-Ihediwa
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.
Read more
Category
5 min read
In plain terms: what is compensation management and how it works
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?
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Category
5 min read
Meet PayPredict: The LinkedIn Chrome Extension for Instant Salary Estimates
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.
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Category
5 min read
Supporting Employees in a Changing World With Nebel Crowhurst
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.
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Category
5 min read
Aligning Pay Structure With Company Culture: A Step-By-Step Guide
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.
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Category
5 min read
7 Next-Level Comp & Ben Examples to Inspire You For 2024
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.
Read more
Category
5 min read
Should Your Pay Reviews Be Tied to Performance?
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.
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Category
5 min read
Your best candidate just got a counter-offer. What now?
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.
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Category
5 min read
Retention Reinvented: How Leading Companies Employ Salary Benchmarking Tools Effectively
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.
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Category
5 min read
No, you can’t stop your people talking about pay (and that’s OK)
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?
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Category
5 min read
Beyond the Basics: Innovations in Compensation Review Practices
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.
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Category
5 min read
5 pay transparency myths debunked
Today, we’re busting five common myths about pay transparency, to help you understand what it will really mean for your business.
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Category
5 min read
Here’s why you shouldn’t wait for employees to ask for a raise
In this article, we discuss why you shouldn’t wait for your employees to ask for a raise — and what you can do instead.
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Category
5 min read
The future of compensation is here: meet FiguresAI
FiguresAI steps in using machine learning, tripling your salary insights.
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Category
5 min read
Putting the 'People' Back in People Management
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!
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Category
5 min read
Salary Bands Communication Series: Communication with team managers
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.
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Category
5 min read
Solving the Founder's Compensation Dilemma
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!
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Category
5 min read
Salary Bands Communication Series: How to get your leadership onboard
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!
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Category
5 min read
Financial stress in the workplace: let’s talk about it
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.
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Category
5 min read
Salary Benchmarking: Your Key for Attracting Top Talent
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!
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Category
5 min read
Unleashing the ROI of Pay Benchmarking: the Impact on Your Business
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!
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Category
5 min read
From Stagnation to Progress: How Salary Reviews Drive Career Growth
Compensation review process: a critical tool for HR to have a productive workforce. Learn how pay impacts retention, motivation, and business performance.
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Category
5 min read
Navigating the Maze of Salary Bands in the UK
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.
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Category
5 min read
Navigating the Complexities of Salary Bands: A Professionals Toolkit
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.
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Category
5 min read
Common mistakes when building salary bands & how to avoid
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.
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Category
5 min read
How to improve employee retention and motivation: why salary bands are your secret weapon
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.
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Category
5 min read
Introducing Figures Salary Bands, your ultimate compensation framework
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.
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Category
5 min read
Salary bands: Best practices for day-to-day usage for HR teams
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.
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Category
5 min read
The Sweet Spot: How to find the right width for your salary bands
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.
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Category
5 min read
Glassdoor reviews: 5 ways for employers to improve their glassdoor company reviews
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?
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Category
5 min read
The benefits of salary transparency for employees & organisations
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.
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Category
5 min read
Convert your salary with ease: the best Global Salary Converter Tool online
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.
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Category
5 min read
The Ultimate Guide to Hiring In Spain
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!
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Category
5 min read
Preparing for the EU Pay Transparency Directive - A Comprehensive Checklist
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
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Category
5 min read
How UK Companies Can Prepare 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!
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Category
5 min read
Benefits of remote work for employees
Continuing the series collaboration between Figures and Flexa, we’re discussing the topic of remote work for employees from a flexibility perspective.
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Category
5 min read
What are the advantages and disadvantages of using salary bands
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.
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Category
5 min read
The importance of salary bands in preparing for the EU Pay Transparency Directive
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?
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Category
5 min read
Quality is king: how to pick the best data for your salary benchmarking and compensation decisions
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.
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Category
5 min read
Salary Bands: What are they and why should you care?
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.
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Category
5 min read
Why use a compensation management software? Figures v. Glassdoor
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.
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Category
5 min read
Should you use “competitive salary” in your job descriptions?
“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?
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Category
5 min read
Figures is officially ISO/IEC 27001 compliant!
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!
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Category
5 min read
The power of pay transparency with Otta
If you’re already starting to think about salary transparency, you’re already a step ahead of most companies. But are you the expert?
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Category
5 min read
How to Stay Competitive Using Market Compensation
By knowing what the market is doing, it’s easy to quickly yet confidently set competitive salaries for both new and existing employees.
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Category
5 min read
Why Investing in Market Compensation Is The Secret To Maximising ROI
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.
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Category
5 min read
The evolution of compensation & benefits by company stage with Ben
Alongside benefits expert Ben, we looked into how compensation and benefits varies based on company size and shared our key takeaways!
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Category
5 min read
What is the Gender Pay Gap in Europe in 2023?
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.
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Category
5 min read
Everything you need to know about German Benefits in 2023
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!
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Category
5 min read
Avoiding Costly Pitfalls: The Top 5 Mistakes to Avoid in Employee Compensation
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.
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Category
5 min read
Five strategies to improve employee retention
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.
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Category
5 min read
Maximising employee satisfaction through effective compensation: best practices
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.
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Category
5 min read
What can HR managers do during hiring freezes & budget cuts?
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!
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Category
5 min read
The ultimate fair compensation checklist
By using this checklist HR professionals can ensure that they are meeting the needs of their company while providing fair compensation to all employees.
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Category
5 min read
Employee retention: Benefits, strategies and ideas
Concerned about employee retention? You’re not the only one. What can you do to give your business a competitive edge?
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Category
5 min read
5 ways organizations can save money using a compensation platform
This article discusses ways that organizations can save money using a compensation platform, including reducing the time of managing employee compensation, and retaining talent.
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Category
5 min read
What the EU can learn from US Pay Transparency Laws
With Europe setting legislation behind the United States, it gives us the benefit of being able to learn & not repeat some mistakes made.
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Category
5 min read
Why should HR leaders care about salary benchmarking?
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.
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Category
5 min read
A guide to remote work, flexibility, and compensation with Flexa Careers
As part of our new partnership - Figures X Flexa, we’re bringing you a new series discussing remote work, flexibility and compensation.
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Category
5 min read
Efficient compensation is the name of the game of 2023
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!
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Category
5 min read
The State of Pay Report
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.
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Category
5 min read
Everything you need to know about Dutch Benefits in 2023
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.
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Category
5 min read
The EU Pay Transparency Directive Series: What do you need to know now?
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.
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Category
5 min read
3 do's & 3 don'ts of conducting an annual salary review
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.
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Category
5 min read
Everything you need to know about UK salaries
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.
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Category
5 min read
6 Strong Reasons Why a Salary Benchmark Tool is Critical For Salary Comparison
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.
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Category
5 min read
What is a salary survey?
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.
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Category
5 min read
3 ways salary benchmarking can supercharge your organisation
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.
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Category
5 min read
Does a Gender Pay Gap really affect your company?
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.
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Category
5 min read
Step-by-step compensation review preparation (Webinar)
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).
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Category
5 min read
The Ultimate Annual Compensation Review Process Guide
Master the art of conducting an annual compensation review process and salary review with Figures' crafted guide, packed with tips and insights. Learn more.
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Category
5 min read
How to increase retention and employee satisfaction using a salary benchmarking tool
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.
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Category
5 min read
How to compensate your international team
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!
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Category
5 min read
Gender Pay Gap: How Pay Transparency Will Help To Reduce Gap?
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.
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Category
5 min read
Salary Budget: Are Companies Planning To Increase? [Mini Report]
Our survey shows that 67% of companies host annual salary reviews, with 72% of organisations not altering their frequency of salary reviews.
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Category
5 min read
Flexible working arrangements - Figures' example
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.
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Category
5 min read
What is a compensation philosophy and how to set it up?
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.
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Category
5 min read
5 Key Advices To Mitigate Inflation [Read This First]
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.
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Category
5 min read
Job Leveling: How it works and free leveling frameworks
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.
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Category
5 min read
Pros & Cons Of Salary Transparency: Tackling Concerns
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?
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Category
5 min read
Managing the impact of inflation: the results are in
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.
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Category
5 min read
How men & women talk about salary - Webinar Series #1
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Category
5 min read
How to measure inclusion in your company
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.
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Category
5 min read
Average Hourly Wages in the UK: See Where UK Stands [2022]
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.
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Category
5 min read
Average salary & Distribution In the UK: Where Do You Stand?
Get a quick glimpse on salary comparison between different industries, educational backgrounds, ages, and gender. Learn where your compensation packages stand!
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Category
5 min read
Figures x Ledgy: The pros and cons of equity options
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.
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Category
5 min read
Best Practices To Setting Salaries As A Startup
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.
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Category
5 min read
The UK’s Gender Pay Gap: What can we do about it?
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?
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Category
5 min read
Gender Pay Gap in European Startups: How To Reduce It?
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.
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Category
5 min read
Figures x Whereby - a compensation structure that works
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.
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Category
5 min read
Pay Transparency Rewards & Risks: How To Do It Right?
Dive into the world of pay transparency and compensation disclosure. Explore the right way to approach it, optimizing rewards while minimizing risks. Learn more.
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Category
5 min read
How To Communicate Compensation Decisions To Employees?
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.
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Category
5 min read
Salaries in Paris vs Full-Remote vs Province: any difference?
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!
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Category
5 min read
Proportion of women amongst managerial positions
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.
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5 min read
Decoding Compa-Ratio: A Comprehensive Guide for HR Professionals
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.
Read more
Compensation
Category
5 min read
The HR Manager's Guide to Salary Benchmarking
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.
Read more
Compensation
Category
5 min read
The Impact of AI on Compensation: Should We Be Concerned?
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.
Read more
Compensation
Category
5 min read
The A to Z of Salary Bands: Definition, Benefits, and Implementation
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 more
Compensation
Category
5 min read
Long-Term Incentive Plans: What’s the Deal?
Read on for our full guide to long-term incentive plans and what they could look like at your organisation.
Read more
Compensation
Category
5 min read
Budgets Tight This Pay Review Season? Why ‘Dry Promotions’ Are Not the Answer
Many companies are thinking hard about how they can get the most out of their salary increase budget. So here’s the big question: do you need to give every employee who gets a promotion a raise as well as a change in job title?
Read more
Compensation
Category
5 min read
Demystifying OTE Salary: What Does OTE Mean and Why It Matters
Let’s look at the OTE salary meaning in more detail, including how it’s calculated and why knowing how it works matters.
Read more
Compensation
Category
5 min read
The Future of HR and Compensation with Aaisha Knights-Ihediwa
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.
Read more
Compensation
Category
5 min read
In plain terms: what is compensation management and how it works
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?
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Category
5 min read
Meet PayPredict: The LinkedIn Chrome Extension for Instant Salary Estimates
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.
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Compensation
Category
5 min read
Supporting Employees in a Changing World With Nebel Crowhurst
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.
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Compensation
Category
5 min read
Aligning Pay Structure With Company Culture: A Step-By-Step Guide
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.
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Compensation
Category
5 min read
7 Next-Level Comp & Ben Examples to Inspire You For 2024
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.
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Compensation
Category
5 min read
Should Your Pay Reviews Be Tied to Performance?
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.
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Compensation
Category
5 min read
Your best candidate just got a counter-offer. What now?
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.
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Compensation
Category
5 min read
Retention Reinvented: How Leading Companies Employ Salary Benchmarking Tools Effectively
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.
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Compensation
Category
5 min read
No, you can’t stop your people talking about pay (and that’s OK)
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?
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Compensation
Category
5 min read
Beyond the Basics: Innovations in Compensation Review Practices
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.
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Compensation
Category
5 min read
5 pay transparency myths debunked
Today, we’re busting five common myths about pay transparency, to help you understand what it will really mean for your business.
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EU Pay Transparency
Category
5 min read
Here’s why you shouldn’t wait for employees to ask for a raise
In this article, we discuss why you shouldn’t wait for your employees to ask for a raise — and what you can do instead.
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Compensation
Category
5 min read
The future of compensation is here: meet FiguresAI
FiguresAI steps in using machine learning, tripling your salary insights.
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Compensation
Category
5 min read
Putting the 'People' Back in People Management
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!
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Category
5 min read
Salary Bands Communication Series: Communication with team managers
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.
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Category
5 min read
Solving the Founder's Compensation Dilemma
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!
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Compensation
Category
5 min read
Salary Bands Communication Series: How to get your leadership onboard
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!
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Compensation
Category
5 min read
Financial stress in the workplace: let’s talk about it
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.
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Compensation
Category
5 min read
Salary Benchmarking: Your Key for Attracting Top Talent
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!
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Compensation
Category
5 min read
Unleashing the ROI of Pay Benchmarking: the Impact on Your Business
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!
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Compensation
Category
5 min read
From Stagnation to Progress: How Salary Reviews Drive Career Growth
Compensation review process: a critical tool for HR to have a productive workforce. Learn how pay impacts retention, motivation, and business performance.
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Compensation
Category
5 min read
Navigating the Maze of Salary Bands in the UK
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.
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Compensation
Category
5 min read
Navigating the Complexities of Salary Bands: A Professionals Toolkit
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.
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Webinar
Category
5 min read
Common mistakes when building salary bands & how to avoid
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.
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Compensation
Category
5 min read
How to improve employee retention and motivation: why salary bands are your secret weapon
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.
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Compensation
Category
5 min read
Introducing Figures Salary Bands, your ultimate compensation framework
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.
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Compensation
Category
5 min read
Salary bands: Best practices for day-to-day usage for HR teams
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.
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Compensation
Category
5 min read
The Sweet Spot: How to find the right width for your salary bands
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.
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Compensation
Category
5 min read
Glassdoor reviews: 5 ways for employers to improve their glassdoor company reviews
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?
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Compensation
Category
5 min read
The benefits of salary transparency for employees & organisations
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.
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EU Pay Transparency
Category
5 min read
Convert your salary with ease: the best Global Salary Converter Tool online
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.
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Compensation
Category
5 min read
The Ultimate Guide to Hiring In Spain
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!
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Category
5 min read
Preparing for the EU Pay Transparency Directive - A Comprehensive Checklist
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
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EU Pay Transparency
Category
5 min read
How UK Companies Can Prepare 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!
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EU Pay Transparency
Category
5 min read
Benefits of remote work for employees
Continuing the series collaboration between Figures and Flexa, we’re discussing the topic of remote work for employees from a flexibility perspective.
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Office Life
Category
5 min read
What are the advantages and disadvantages of using salary bands
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.
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Compensation
Category
5 min read
The importance of salary bands in preparing for the EU Pay Transparency Directive
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?
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EU Pay Transparency
Category
5 min read
Quality is king: how to pick the best data for your salary benchmarking and compensation decisions
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.
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Compensation
Category
5 min read
Salary Bands: What are they and why should you care?
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.
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Compensation
Category
5 min read
Why use a compensation management software? Figures v. Glassdoor
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.
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Compensation
Category
5 min read
Should you use “competitive salary” in your job descriptions?
“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?
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Compensation
Category
5 min read
Figures is officially ISO/IEC 27001 compliant!
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!
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CEO's insights
Category
5 min read
The power of pay transparency with Otta
If you’re already starting to think about salary transparency, you’re already a step ahead of most companies. But are you the expert?
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Webinar
Category
5 min read
How to Stay Competitive Using Market Compensation
By knowing what the market is doing, it’s easy to quickly yet confidently set competitive salaries for both new and existing employees.
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Compensation
Category
5 min read
Why Investing in Market Compensation Is The Secret To Maximising ROI
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.
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Compensation
Category
5 min read
The evolution of compensation & benefits by company stage with Ben
Alongside benefits expert Ben, we looked into how compensation and benefits varies based on company size and shared our key takeaways!
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Compensation
Category
5 min read
What is the Gender Pay Gap in Europe in 2023?
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.
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Gender Inequality
Category
5 min read
Everything you need to know about German Benefits in 2023
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!
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Webinar
Category
5 min read
Avoiding Costly Pitfalls: The Top 5 Mistakes to Avoid in Employee Compensation
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.
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Compensation
Category
5 min read
Five strategies to improve employee retention
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.
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Compensation
Category
5 min read
Maximising employee satisfaction through effective compensation: best practices
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.
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Office Life
Category
5 min read
What can HR managers do during hiring freezes & budget cuts?
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!
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Compensation
Category
5 min read
The ultimate fair compensation checklist
By using this checklist HR professionals can ensure that they are meeting the needs of their company while providing fair compensation to all employees.
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Compensation
Category
5 min read
Employee retention: Benefits, strategies and ideas
Concerned about employee retention? You’re not the only one. What can you do to give your business a competitive edge?
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Office Life
Category
5 min read
5 ways organizations can save money using a compensation platform
This article discusses ways that organizations can save money using a compensation platform, including reducing the time of managing employee compensation, and retaining talent.
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Compensation
Category
5 min read
What the EU can learn from US Pay Transparency Laws
With Europe setting legislation behind the United States, it gives us the benefit of being able to learn & not repeat some mistakes made.
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EU Pay Transparency
Category
5 min read
Why should HR leaders care about salary benchmarking?
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.
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Compensation
Category
5 min read
A guide to remote work, flexibility, and compensation with Flexa Careers
As part of our new partnership - Figures X Flexa, we’re bringing you a new series discussing remote work, flexibility and compensation.
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Office Life
Category
5 min read
Efficient compensation is the name of the game of 2023
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!
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CEO's insights
Category
5 min read
The State of Pay Report
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.
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Compensation
Category
5 min read
Everything you need to know about Dutch Benefits in 2023
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.
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Compensation
Category
5 min read
The EU Pay Transparency Directive Series: What do you need to know now?
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.
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EU Pay Transparency
Category
5 min read
3 do's & 3 don'ts of conducting an annual salary review
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.
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Compensation
Category
5 min read
Everything you need to know about UK salaries
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.
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Compensation
Category
5 min read
6 Strong Reasons Why a Salary Benchmark Tool is Critical For Salary Comparison
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.
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Compensation
Category
5 min read
What is a salary survey?
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.
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Compensation
Category
5 min read
3 ways salary benchmarking can supercharge your organisation
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.
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Category
5 min read
Does a Gender Pay Gap really affect your company?
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.
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Gender Inequality
Category
5 min read
Step-by-step compensation review preparation (Webinar)
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).
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Category
5 min read
The Ultimate Annual Compensation Review Process Guide
Master the art of conducting an annual compensation review process and salary review with Figures' crafted guide, packed with tips and insights. Learn more.
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Compensation
Category
5 min read
How to increase retention and employee satisfaction using a salary benchmarking tool
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.
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Office Life
Category
5 min read
How to compensate your international team
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!
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CEO's insights
Category
5 min read
Gender Pay Gap: How Pay Transparency Will Help To Reduce Gap?
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.
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Gender Inequality
Category
5 min read
Salary Budget: Are Companies Planning To Increase? [Mini Report]
Our survey shows that 67% of companies host annual salary reviews, with 72% of organisations not altering their frequency of salary reviews.
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Compensation
Category
5 min read
Flexible working arrangements - Figures' example
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.
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Office Life
Category
5 min read
What is a compensation philosophy and how to set it up?
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.
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Compensation
Category
5 min read
5 Key Advices To Mitigate Inflation [Read This First]
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.
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Compensation
Category
5 min read
Job Leveling: How it works and free leveling frameworks
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.
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Compensation
Category
5 min read
Pros & Cons Of Salary Transparency: Tackling Concerns
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?
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Webinar
Category
5 min read
Managing the impact of inflation: the results are in
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.
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CEO's insights
Category
5 min read
How men & women talk about salary - Webinar Series #1
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Webinar
Category
5 min read
How to measure inclusion in your company
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.
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Office Life
Category
5 min read
Average Hourly Wages in the UK: See Where UK Stands [2022]
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.
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Compensation
Category
5 min read
Average salary & Distribution In the UK: Where Do You Stand?
Get a quick glimpse on salary comparison between different industries, educational backgrounds, ages, and gender. Learn where your compensation packages stand!
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Compensation
Category
5 min read
Figures x Ledgy: The pros and cons of equity options
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.
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Webinar
Category
5 min read
Best Practices To Setting Salaries As A Startup
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.
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Compensation
Category
5 min read
The UK’s Gender Pay Gap: What can we do about it?
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?
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Gender Inequality
Category
5 min read
Gender Pay Gap in European Startups: How To Reduce It?
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.
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Gender Inequality
Category
5 min read
Figures x Whereby - a compensation structure that works
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.
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Webinar
Category
5 min read
Pay Transparency Rewards & Risks: How To Do It Right?
Dive into the world of pay transparency and compensation disclosure. Explore the right way to approach it, optimizing rewards while minimizing risks. Learn more.
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EU Pay Transparency
Category
5 min read
How To Communicate Compensation Decisions To Employees?
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.
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Compensation
Category
5 min read
Salaries in Paris vs Full-Remote vs Province: any difference?
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!
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CEO's insights
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