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Pay Strategy

Effective compensation strategies to get your pay pot working harder

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Pay Strategy

At the heart of an organisation's employee experience is an expertly designed pay and reward strategy that integrates all key elements, from base pay to bonuses, benefits, recognition, and performance management. Achieving the right balance in these areas is essential for retaining and motivating top talent. 

Innecto’s independent experts work closely with you to identify your organisation's unique strengths and objectives, leveraging this insight to encourage behaviours that drive long-term success. By providing a comprehensive perspective on reward strategies, we help improve people management and achieve key business objectives.

Market insight is key to ensure you are positioned effectively against your competitors, enabling you to attract and retain the best talent. Our independence is our strength here, supporting you to find the best data using tried and tested methodologies. Taking a long-term view, we partner with you to maximise the impact of your pay and reward investments. We uncover potential cost savings, highlight risks and opportunities, and deliver data-driven insights, analytics, and frameworks to guide evidence-based decision-making and strategic alignment.

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National Living Wage: how is the push towards a ‘genuine’ living wage changing the shape of pay?

Job Evaluation Software | National Living Wage | Pay benchmarking | Job evaluation

The UK's ‘National Minimum Wage’ was introduced in 1999 to protect the lowest paid and has since been expanded to cover over 2 million workers, ensuring they receive a fair rate of pay for their labour....

Simon Cook

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Case Study

Bloomsbury Publishing

Bloomsbury Publishing is an internationally renowned book publishing company that specialises in various genres, from fiction to academic publications. The company sought to enhance its People practices by attracting, retaining, and motivating top talent in the competitive publishing industry....

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