Figures.hr

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How can HR teams tackle the productivity crisis caused by financial stress and support their teams? 💡 We gave some thoughts in @TheStartupsMag: startupsmagazine.co.uk/artic…

🔎 If your employees are searching for information on compensation like Where's Wally then we may have a problem...

Candidate: "And how did you calculate the range for this position?" Company who used Google, old spreadsheets, & no compensation philosophy:

Want the full article and list of solutions? 📖 Become an expert in compensation planning here: figures.hr/post/5-ways-organ… PSST make sure to read this before your CFO/CEO does to have answers to their questions!

5️⃣ Paying government sanctions. ‍With the incoming EU pay transparency regulations, and many countries who already have taken action, there is soon to be a financial cost to not complying with regulations regarding compensation. 🪞 Start your transparency prep today!

4️⃣ Overspending when not necessary. Salary benchmarking can help your team determine where you are spending too much, and where you are spending too little. 💸 This can help you identify the changes you need to make to fix this and make your budget go even further.

3️⃣ Not budgeting in advance (realistically) When creating a budget: ♻️ Are you using reliable, real-time data? ⚖️ Is it fair & based on a compensation philosophy? If you answered no, then watch out - you may be building an unrealistic budget & losing out on top talent.

2️⃣ Unsatisfied employees. Do you know the cost of replacing an unsatisfied employee? 🫣 It's not a fun number is it? A well defined compensation philosophy can increase employee retention.

1️⃣ Lack of efficiency in compensation process. Inefficiency = loss of time. And a loss of time = loss of money. 👋 Say goodbye to the days of googling, guessing and trying to keep track of a million spreadsheets. Use a compensation management tool.

Some HR teams are throwing out money left, right & centre. 👀 In this economy, that's an issue... We're breaking down our top 5 ways that companies can improve their spending on compensation.

🔴 We're live at @Preligens alongside @50inTech to launch our newest data on the #GenderPayGap in the EU & UK.

The UK again finds itself in last place with an adjusted pay gap of 2.2% and is still worse than the Europe-wide average of 1.6% via @BLeaderNews 📖 Read it here: businessleader.co.uk/uk-tech…

UK tech startups have the worst #GenderPayGap in Europe via @UKTNofficial 📖 Read it here: uktech.news/news/industry-an…

Fresh off the press! 🗞️ On #InternationalWomensDay2023, our newest data on the Gender Pay Gap in Europe & the UK has been released. 👇 Who's talking about it?

How? 🤨 Our analysis of the adjusted gender pay gap shows that companies with full transparency, including compensation policies, salary grids, and individual salaries, have a 0% #GenderPayGap. ➡️ Read more here: figures.hr/post/the-gender-p…

⚖️ This #InternationalWomensDay, we don’t want to see any wishy washy actions or words: the pay gap can end with transparency plan & simple.