News
Figure Baltic Advisory: living wage in Tallinn will be €1621 this year - lower than in Vilnius, but similar to that in Riga
10/10/2024
In 2024, a living wage, or the minimum income needed to cover a person's basic needs and maintain a decent standard of living, is €1621 gross in Tallinn and Harju County. Excluding the tax free minimum the living wage in Tallinn and Harju County was €1711 gross. Compared to Latvia and Lithuania, Tallinn will have the lowest minimum subsistence level, while Vilnius has the highest - €2,173 gross. In Riga, the subsistence minimum is similar to Tallinn - €1630 gross.
Kai Anderson at the Figure Baltic Advisory salary seminar: the key to survival is collaboration between artificial intelligence and human intelligence
9/24/2024
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
8/15/2024
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 Estonia
8/13/2024
Wage growth in Estonian ICT sector continues at a slower pace, employer benefits allow for a very flexible working life.
Why public sector needs compensation survey?
6/27/2024
We spoke to Mariel Kivi from the Estonian Ministry of Finance about why central compensation surveys are beneficial for the public sector