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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.

Latest updates

Latest insight

How to prepare for upcoming living wage and national insurance increases in 2025

National Living Wage | National Insurance

The minimum wage for over 21s, known officially as the National Living Wage (NLW), will rise by 6.7%, from £11.44 to £12.21 from April 2025. This is the minimum wage payable to employees, which has already...

Simon Cook

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Case Study

ManyPets

Many Pets are a fast-growing global tech based insurance company who are scaling at pace and consequently recognise the importance of ensuring the right roles are in place at the right level to support growth and that their employee deal is effective at attracting and retaining talent in a competitive market. ​...

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