Six compensation strategies to attract and retain talent
Sarah Lardner | 17 January 2025
Executive Compensation | Equal Pay
When designing a compensation and reward strategy, companies usually start by defining their core principles.
The power of a Thank you
Holly Coe | 10 January 2025
International Thank You Day falls on January 11th every year and serves as a very important reminder of how powerful two simple words can be. Thank you.
Our key focus areas for HR in 2025
Justine Woolf | 03 January 2025
As 2024 ticks over into 2025, we asked some of our expert consultants to share their thoughts on trends and areas they expect to be dealing with in 2025, in order to help clients address some key challenges.
Year in brief: A handful of key takeaways from 2024
Justine Woolf | 27 December 2024
New Year | End of year reflection on Pay and Reward
As we near the end of 2024, we asked some of our expert consultants to share their thoughts, key learnings and points of note from working across our broad range of clients this year.
The “Job for Life” mindset – is it making a comeback?
Sarah Lardner | 20 December 2024
I’ve been starting to wonder if we are moving back towards a ‘job for life’ mentality. I don’t think we can talk about it in the same way as the baby boomer generation may have experienced (those currently aged in their 60s and born between 1955 and 1964), but there is a noticeable shift happening in the job market.
Best of 2024: Our favourite podcasts and books
Justine Woolf | 13 December 2024
Our consultants haven’t always been at Innecto, they have years of in-house experience before joining us and are also preparing for Christmas like everyone else! As we gear up for the festive period, we asked them for some seasonal stocking-fillers - recommendations on what they’ve been listening to or reading this year, either for fun or work.
How to prepare for upcoming living wage and national insurance increases in 2025
Simon Cook | 06 December 2024
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 received two consecutive years of double-digit increases.
Setting your pay policy - avoiding pitfalls and common traps
Holly Coe | 29 November 2024
When it comes to Pay Review and setting pay policy, HR can lose valuable time in complex manual processes and end up making do without the kinds of tech tools they now have access to for helping crunch the data to inform important decisions. Here Senior Reward Consultant Holly Coe identifies four main areas of concern, and outlines how Innecto's Advance tool can help mitigate.
Pay Transparency: How we leverage change and set new standards for fair pay
Justine Woolf | 22 November 2024
While the drive and legislation for Pay Transparency differs from country to country, one consistent thread is the aim to address and alleviate pay disparity. Even if more has been done in other countries than in the UK, the trickle-down effect of those pay equity laws is still a driving force behind UK companies taking the issue more seriously.
What is Equal Pay Day and why does it matter?
Sarah Nash | 22 November 2024
Equal Pay | Equal Pay Audits | Gender Pay | Gender Pay Reporting | Job evaluation
This Wednesday, the 20 November 2024, was Equal Pay Day. It’s a national campaign led by the Fawcett Society, a UK charity championing gender equality and women’s rights at work.
Pay Transparency: How we leverage change and set new standards for fair pay
Justine Woolf | 22 November 2024
While the drive and legislation for Pay Transparency differs from country to country, one consistent thread is the aim to address and alleviate pay disparity. Even if more has been done in other countries than in the UK, the trickle-down effect of those pay equity laws is still a driving force behind UK companies taking the issue more seriously.
The future of Pay benchmarking – is real-time data worth using?
Mark Macoun | 08 November 2024
Pay & Reward | Pay benchmarking | Pay
Paying workers at a level that is seen to be fair and competitive is vital for any company or organisation wanting to succeed. It is a key cornerstone to attracting and retaining strong talent.
