Case Study: Formalize achieves transparent, market-based compensation with Ravio

Formalize ApS builds salary bands in 3 weeks with Ravio

Formalize ApS, a compliance tech company, faced the challenge of building a credible and fair compensation framework without external market data. Their internal knowledge was insufficient for communicating with talent and preparing for new EU pay transparency regulations. To address this, they turned to Ravio for its benchmarking data and salary bands.

By implementing Ravio's real-time benchmarking platform, Formalize built a new compensation framework in just three weeks. The solution empowered managers across the organization with direct access to the data, transforming the annual review into a simple "desktop exercise." The results were significant: 100% of hiring decisions are now informed by Ravio data, confidence in compensation jumped from 6 to 8-9 out of 10, and the company is fully prepared for upcoming legislation.

Formalize ApS