Services

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Organization Compensation Surveys

General Compensation Survey Latvia

March till August 2024

The compensation data of more than 82 000 employees from 395 different organizations. More than 140 Job Families that are updated according to the market needs.

General Compensation Survey will be completed in August. 

Sector Compensation Survey

Starts in March 2024

Sector based approach to the salary market. Sector specific job families, trends and compensation principles.

The following sector surveys will be conducted in 2024: Finance, Information and Communication Technologies (ICT), Pharmaceutical

Top Executive Compensation Survey Latvia

Survey conducted in October 2024
  • The executives and Members of the Board
  • The levels and structures of the remuneration packages
  • More than 100 different organizations
  • Will be completed by the end of November 

Forecast Survey

Taking place in December 2025
  • Current trends in the salary market
  • The agenda and prognosis for the upcoming year

International Mercer Total Remuneration Survey (TRS)

Starts in May 2024
  • Salary data of 140+ different countries
  • ​​Total remuneration: base salary, guaranteed allowances, short- and long- term incentives and benefits
  • ​​Possible to obtain salary information of a single individual job position
  • Internationally recognized methodology ​​

Baltic Salary Information

Starts in March 2024
  • 3 Baltc countries
  • Common methodology
  • Easily comparable data

Organizational Research

Commitment and Satisfaction Surveys

Can be ordered all year round
  • Figure Baltic Advisory has a long-term experience cooperating with different organizations
  • A comprehensive overview of the strengths and main bottlenecks in the organization 
  • Exciting visual and a thorough summary – both quantitative and qualitative analyses
  • Recommendations and input for further management decisions and follow-up activities

Organizational Culture Survey

Can be ordered all year round
  • Based on scientific knowledge
  • ​​Developed especially for the Latvian business environment
  • Latvian norm group
  • ​​Measures the organization on seven different scales
  • ​​It allows to display a complete profile of the whole organization or compare by departments
  • ​​Can be combined with other organizational surveys

Consulting the Organizational Culture and Talent Management

Can be ordered all year round

We create and develop management systems

  • Performance Management
  • Organization structure audit, structure types
  • Talent Management Systems
  • Change management
  • Establishing the principles of strategic human resource management

Consulting the Remuneration Policies

Can be ordered all year round

We create a remuneration system that meets the goals, culture and options the organization has

  • Job evaluation/classification
  • Reviewing or establishing the remuneration strategies and salary system
  • Creating the models for performance fees
  • Mapping the impact of the benefits
  • Trainings and seminars of the remuneration policies
  • Consulting the relevant communication

 

Organization Consulting

Competency Assessment

Can be ordered all year round

This solution evaluates key roles like senior managers, middle managers, and top specialists through a competency-based assessment. It provides valuable insights into strengths, development potential, motivation, and strategic skills while fostering self-awareness through expert coaching feedback. The approach supports hiring, promotions, and building salary and development systems using tests, exercises, and interviews.

Developing and Updating Competency Models

Can be ordered all year round

A competency model helps organizations manage employees, benefits, compensation, and development effectively by aligning skills and behaviors with strategic objectives. It identifies critical qualities for long-term success, enabling better decision-making, improved leadership, and structured development and performance management. With over 33 years of experience, Figure creates tailored competency models to drive organizational growth in both public and private sectors.

Personality Based Analysis

Can be ordered all year round

This solution evaluates key specialists and first-level managers, providing insights into their behavioral, communication, and thinking patterns while fostering self-awareness through a work personality questionnaire and focused interviews.

Leadership Potential Analysis (HiPo)

Can be ordered all year round

A High Potential Employee (HiPo) assessment identifies individuals with the ability, engagement, and drive for critical roles, using tests, exercises, and interviews to guide their development effectively.

360-Degree Feedback Assessment

Can be ordered all year round

The 360° assessment provides comprehensive feedback on an employee from various perspectives, highlighting strengths and development needs to enhance self-awareness and organizational performance. By involving the team, it fosters communication, cooperation, and alignment with organizational values, using either a competency model or a universal questionnaire mapping 36 key competencies.

Team Analysis (Team Potential, Teamwork and Risks)

Can be ordered all year round

Team analysis evaluates a team's strengths, risks, and unrealized potential, fostering self-awareness, cohesion, and collaboration while providing actionable insights for effective management. It includes personality assessments, workshops analyzing team dynamics, and follow-up coaching to enhance individual and team performance.