An organisation's reward strategy should be a distinctive thread running through all elements of the employee offer. Getting the right position on base pay, bonus, benefits, recognition and performance enables you to effectively retain and motivate your talent. Innecto’s independent experts can identify an organisation’s unique strengths and goals, and use this insight to drive desired behaviours, supporting long-term success.
As independent specialists, Innecto brings the objectivity needed to spark meaningful debate and challenge long-held perspectives, while offering expertise and insights into wider market trends and best practice.
We challenge and progress thinking:
- Diving into the key components of the reward mix and developing an architecture of the purpose and function of each component
- Tying reward with the people proposition securely so that you end up where you need to be
- Challenging some of the assumptions and potential conflicts in existing practice to deepen and strengthen understanding and outcomes
- Fitting back to market to ensure that the overall direction is attractive to new and existing talent
- Making something distinctive, unique and fits with your culture
Working across the Pay and Reward spectrum, we take a holistic view of your employee deal and work with you to shape the key components that provide the foundations and pillars of success that underpin your Reward strategy.
However, your Reward strategy cannot be looked at in isolation. Effective pay and reward strategies align with overarching business goals and objectives; we work with our clients to join these dots together. Our team of experts provide intelligent, practical and commercial guidance to translate business strategies and objectives into the appropriate reward programme to drive operational performance.
We adopt a flexible approach to Reward Audits, including as much stakeholder engagement and data review as is required to ensure there is a clear understanding of the current picture, articulated aspirations for the future and a cohesive roadmap to help you to get there.
Discovery
During discovery, we explore current reward practice and gather relevant stakeholder input.
Create Insight
Establishing the picture through data analysis, we will review the findings and the implications of challenges faced.
Blueprint
After considering potential options, we will playback findings, identifying future options and implications/trade offs, and assess practicality and alignment to goals.
Case Study: Bird & Bird
We had a brilliant experience working with Innecto – Justine, Cathryn and Mark. They delivered our brief, with incredibly tight deadlines. They had just the right balance of sharing their expertise and market insights as well as listening to our views and objectives. The focus groups and feedback sessions with employees and senior stakeholders were skillfully managed to enable the facilitators to obtain good feedback and innovative ideas. Overall a very successful and enjoyable collaboration.
Andrea Pankhurst, Head of Human Resources
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Why Innecto?
By providing joined-up thinking across the reward strategy, we drive better people management and delivery of key targets.
Every organisation has a unique character, and our consultants drill down into business DNA to create a distinct, robust and commercially viable reward strategy that reflects your individuality.
We involve the senior management team, line managers and employees (if appropriate) to generate a balanced perspective on pay.
Reward strategy forms a key part of your employee offer, and we work hard to ensure every element supports the acquisition and retention of world-class talent, elevating your USP.
95% of clients would recommend us
70% of clients choose to work with us again
