One month before the new EU Directive on pay transparency comes into effect on June 7, 2026, the Latvian company ERDA presented a modern digital platform for collecting and analyzing real-time salary data. This tool allows for prompt access to information about current salary levels, popular positions, and the most in-demand skills in the labor market.
This is reported by Finway
Capabilities of the Innovative Platform
Previously, companies in Latvia and other Baltic countries relied on internal data or annual salary surveys, which limited the accuracy of analytics. The new platform significantly changes the approach to working with information: the service now processes over 80,000 unique job vacancies from more than 12,000 companies, covering 1,800 job groups in the Baltic countries. The data is continuously updated, ensuring the relevance of information for businesses and job seekers.
The system uses artificial intelligence and the ESCO taxonomy—a standardized classification of skills and professions by the European Commission. With these tools, the platform effectively structures large volumes of data, tracks changes in the labor market, identifies disparities, and helps employers respond quickly to trends.
Benefits for Business and Expansion Plans
The labor market in the Baltic countries remains very active despite geopolitical challenges. The unemployment rate is low, with about 10,000 new job vacancies appearing each month. At the same time, employers face difficulties in finding qualified specialists, as competency requirements are rapidly changing due to the development of AI. In such conditions, timely analytics, rather than outdated last year’s surveys, are needed for effective decision-making.
“By utilizing AI tools and the ESCO taxonomy (standardized classification of skills and professions from the European Commission), the platform can structure information, track trends, and identify disparities in the labor market.”
Currently, the ERDA service operates fully only in Latvia, but the developers intend to expand it to Lithuania and other European countries soon, which will contribute to increased transparency and efficiency in the labor market in the region.
By the way, the average salary in Kyiv currently exceeds 49,000 hryvnias, which is 19,000 more than the average in Ukraine.