What goes into our benchmark?
There are three categories of bonuses in Figures:
Variable bonuses
Other bonuses
Profit sharing
Equity
Variable bonuses
We consider "variable bonuses" to be bonuses that are tied to individual performance and can vary in amount. A good indicator of a 'variable bonus' is that only parts of it can be obtained. You would have a difference between 'Theoretical bonus' and 'Effective bonus'. Examples include:
Performance bonus
Sales Commissions
Other bonuses
Other bonuses include any bonus that isn't part of the base salary and doesn't vary. These are fixed amounts provided to employees for various purposes. Examples include:
Annual bonus
Holiday bonus
Health insurance
Pension contribution
Meal vouchers
Public transport reimbursement
Kilometric allowance
Training budget
Home office compensation
Childcare support
Car allowance
Housing assistance
End of year bonus
Gym membership
Life insurance
Sustainable Mobility allowance
Profit Sharing
Profit sharing involves bonuses that are tied to the company's profits and may include various forms of profit distribution. Examples include:
Intéressement (FR)
Participation (FR)
Equity
Equity compensation gives employees an ownership interest in the company. This is usually done through stock options, restricted stock, or other equity awards.
Stock options
Restricted Stock Units (RSUs)
How to setup your bonuses in Figures through your HRIS integration
On our 'Integration' page, find your HRIS integration and click on 'Configure'. If you have a live enabled integration, you will be able to find the 'Remuneration items' part. You have a quick access to 'Variable bonus' to add.
You can then add any of the other bonuses exposed by your HRIS, while adding the different categories.
Label: Used for naming. Add anything there to make it easy for you to understand and refer to this bonus.
HRIS remuneration item: Used to connect with your HRIS. Find the relevant HRIS field name.
Associated Frequency: Used to ensure the right amount is shown. Bonuses and compensations are always shown annually in Figures, we multiple the amount depending on its frequency.
Bonus Type: Used to add the bonus to the right category (and benchmark). You can find examples on bonuses per categories above.
Once the custom remuneration item has been added, you should be able to see it in your employees compensation after the next sync of your HRIS with our data.