News
"Figure": Living Wage in Riga is €1630 - Lower in Tallinn, Higher in Vilnius
10.10.2024
The living wage, or the minimum income level necessary for an individual or family to cover basic needs and maintain a decent standard of living in a specific geographic area, is €1630 gross in Riga for 2024, while in other regions of Latvia, it is €1384 gross, according to data from the compensation survey and management consultancy firm “Figure Baltic Advisory.” Compared to last year, the living wage in Riga has increased, but in the regions, it has changed minimally. In 2023, the living wage in Riga was €1501 gross, and in the regions, it was €1397 gross.
Kai Anderson at the Figure Baltic Advisory salary seminar: the key to survival is collaboration between artificial intelligence and human intelligence
24.09.2024
At Figure Baltic Advisory salary survey presentation in Estonia, internationally acclaimed author and management consultant Kai Anderson spoke about the changes in the world of work, emphasising that we are facing a poly-crisis, and to cope with it at the level of the individual, the organisation and society, we need to put human minds and artificial intelligence to work together in the best possible way. To adapt to rapid change, people need the support of their employers, who stand to gain in efficiency gains from rapid adaptation. Describing the modern age as the age of people, Anderson said the power relationship between employers and employees has changed - they are equal partners and will remain so.
On planning fallacy
15.08.2024
Have you ever experienced that what you promised and planned to do turns out to be more difficult than expected, takes more time, resources, energy, etc? "I'll get there! if there’s a will, there’s a way!" people with a more optimistic outlook claim. Those with a more realistic view of the world either protest quietly or openly, but they may not always be heard. Once the plan is made, half the goal seems to have been achieved - what's not to achieve?
Figure Baltic Advisory ICT sector survey in Latvia
13.08.2024
ICT sector salaries increased in Latvia by 7,4% - slower than before.
Where to Find Information About Salaries and How to Evaluate It?
30.07.2024
There are many sources where salary information is available. In Latvia, the largest salary database is published on the State Revenue Service (VID) website. Additionally, information can be found in job advertisements, and of course, a perennial source of information is the "word of mouth." Often, the data from these sources is very different, which can easily confuse job seekers. Why are there such discrepancies, and how can one evaluate the information available from each source?