Recruitment app MeetFrank has acquired salary data startup Compensation.app. In contrast to outdated survey-based models, the innovative platform integrates directly into the company’s HR systems and generates statistics anonymously and in real-time.
Since 2017, MeetFrank has been connecting skilled talents with quality recruiters. Throughout the operation, clients have always asked the big question:
What are the current salary trends?
Compensation.app gives answers. The income data is updated in real-time as the information comes directly from the HR systems and HRIS (Human Resources Information Systems) of participating companies. Ensuring complete anonymity, the data can be filtered according to preferences: job position, industry, company size, etc.
Top companies and influential startups have already joined the Compensation.app by MeetFrank. The service helps to comply with the salary reporting obligations set by the European Union Council for companies with 100+ employees. The automated solution offered by MeetFrank’s Compensation.app dramatically reduces the workload spent on reporting.
Kaarel Holm, CEO, and co-founder:
MeetFrank has provided valuable job market information to thousands of B2B clients to help them to attract top talent. Transparent salary information has always been the basis of our mission – and we’re taking a huge leap forward. Instead of static and outdated PDFs, we offer real-time salary data that is actually useful.“
In 2017 MeetFrank was founded in Estonia and delivers a recruiting service for record fast direct hires. The tech-enabled candidate experience is supported by a mobile app. The unique talentpool is verified and with high intent – actually happy to hear from you. MeetFrank is more effective than a job board and cheaper than a recruitment agency. Compensation.app was founded by Georg Vooglaid, Uku Markus Tammet & Marten Jaago
Understanding why someone would choose to work at your organisation is a crucial part of being able to attract and retain top talent. We are here to help you out! That’s why today’s MeetFrank Data-driven Hiring segment focuses on what impacts employee motivation 💪.
Only 13% of surveyed tech employers said they are able to hire and keep the talent they need. To make your job offers more attractive to top talent, make sure to address the most common motivations. But what exactly inspires people?
The survey results of 163,386 global MeetFrank users show that the TOP 3 motivation factors are:
Solid salary offer,
interesting challenges and
the possibility of growth.
We get that your company’s starting salary may not knock all the other salary offerings out of the game. But you may be able to offer a better work-life balance, greater flexibility, a nurturing culture, and perks. Something that differs from others.
Understand the person you’re trying to attract.
To go into more detail with motivation factors, we decided to compare two specialities in four different countries (Finland, Estonia, Latvia & Lithuania). By picking only one option, we asked 163,386 software and marketing professionals “What motivates you to change jobs”. Here are their TOP 10 motivation factors:
Finnish results truly prove that employers need to evolve along with what candidates want. Don’t try to be all things to all people and attract “more candidates”. Instead, the key is to know what candidates expect from you – and it varies.
The more technical, software engineering field focuses strongly on salary, as that was their #1 pick. On the other hand, the more creative marketing profession levitates towards greater challenges and growth that make their inspiration flow.
Of course, salary is still important for both, as it lands in their TOP 3.
Estonia is #1 in Europe in the number of unicorns per capita. Every Estonian knows someone who knows someone with a stellar startup success story. That may be the reason why stable work life ended up at the end of the list and both professions gave the startup environment the highest rankings compared to other countries.
As working is selling your skills and time, salary will always be important in decision-making. However, no €€€ will help if the employee is bored and underwhelmed. Give them tasks that excite them, involving effort and personal development.
All the countries levitate towards growth opportunities and exciting challenges. In small countries like Baltics, growth opportunities usually mean moving away to another country, where notable company headquarters are located.
Startup equity describes ownership of a company, typically expressed as a percentage of shares of stock. It carries exciting opportunities and significant risks.
This is not suitable for all and that might be why all professions (in all countries) have put equity at the end of the lists.
Want to hire marketing or software engineering professionals? Or other specialities?
MeetFrank has the right people for the right jobswhen you need them. Our users do not apply for specific jobs, they request to be headhunted. These verified, high-intent people comprise MeetFrank’s talentpool – a premium selection instantly at your service.
Once subscribed to MeetFrank for Business, you’ll be 1st in line for the top talent. Click on the picture to find out more.
iGaming company Betsson Group invites all FinTech professionals to a meetup on the 30th of March in Tallinn. Open to all curious professionals in the digital space and especially with experience in payments technology. Join the network!
Betsson Group’s FinTech Meetup on the 30th of March
Approximately 700 of 2200+ Betsson Group employees are tech and product professionals. With a strong global presence and revenue exceeding €777 million in 2022, Betsson Group continues active recruiting across all departments.
Interested in taking your FinTech experience to the next level? Take a look at their openings in MeetFrank:
Betsson Group, operating Betsafe and SuperCasino brands in Estonia, offers casino, sportsbook and other games. From a single slot machine in 1963, Betsson Group is now one of the largest companies within the global iGaming industry.
Year 2023 marks the 60th anniversary of Betsson Group – reflecting stability and company’s strong background. And it shows in the results. Despite the challenging market conditions in 2022, Betsafe delivered 15% growth. The profitability makes way for new investments in new markets and constant development of the tech platform.
The company mixes its heritage with a forward-looking and tech-savvy mindset. As the iGaming industry is ever-evolving, Betsson Group recently moved to a brand new office at the heart of Tallinn. When their first office was opened back in 2002, there was only one single employee. Only one! This has grown into 120(and constantly 📈) people, working mostly in the commercial and tech teams. Nevermind the 2200+ colleagues from 72 nationalities Betsson Group has at other locations.
Betsafe is also a loyal supporter of the local sporting scene. Sponsoring different sports disciplines, federations, leagues, and individual athletes. Lithuanian basketball league, Paide Linnameeskond, Ott Tänak – to name a few. Also one of the most legendary sports commentators Kalev Kruus hosts Betsafe Podcast.
At the SiGMA Europe 2022 Betsson Group won the Responsible Gaming of the Year Award for the second consecutive year. This category recognises industry leaders of safer gaming.