Insights : Innecto Reward Consulting

Equal Pay: Don't get stumped by pay equity

Pay equity refers to the fair compensation and benefits individuals receive for performing similar work or work of equal value, regardless of gender, race, ethnicity, or other personal characteristics. This principle is essential for promoting fairness in the workplace, creating a level playing field in terms of remuneration, and preventing discrimination and bias that may result in unequal pay for comparable work.

Posted by Sarah Lardner on
01 September 2023

Choose the right data for pay benchmarking

Pay benchmarking | Pay Data

Selecting the right pay data to benchmark jobs in your organisation can be challenging at the best of times, not helped by the variety of options available out there, which many are being positioned as ‘real-time’ data.

Posted by Sarah Lardner on
25 August 2023

Pay Review - risks in processes and how to mitigate

Pay Review | Advance

Sarah Lardner explains how a recent client streamlined their pay review process by eliminating spreadsheets, reducing the risk of error, reducing resource hours, engaging line managers and enabling far better reporting with Advance.

Posted by Sarah Lardner on
18 August 2023

REBA: Reward & Compensation - What are the longer-term implications of high inflation on reward strategies?

Reward Strategy | Reward | High Inflation

The ongoing disputes around pay this year have led to months of strikes across the public sector and have been a significant barometer in a tempestuous year. The impact of the cost-of-living crisis has been catastrophic for many workers in terms of their spending power. Organisations across every sector have come under pressure to respond as employees seek higher salaries in a competitive recruitment market.

Posted by Sarah Lardner on
11 August 2023

Are you getting pay 'right’?

Pay benchmarking

This might be a question that keeps you up at night and with the thought of the pay review process looming, you may be tempted to put off answering this question. By putting a plan in place before the start of September and getting ahead of the game, you’ll be in the best position to create a pay strategy and policy that ensures fairness and competitiveness. Not sure where to start? Your first step should be starting a pay benchmarking project.

Posted by Mark Macoun on
04 August 2023

The changing world of Tech for HR - Part 3: The Metaverse

The Metaverse

In our previous blog posts, we explored the ever-changing landscape of technology and its impact on various industries. This time, we delve deeper into the fascinating world of the Metaverse, which has become a topic of interest for HR professionals and C-suite executives alike. Gartner has revealed that more than half of HR leaders were exploring how they can use generative AI.

Posted by Sarah Lardner on
27 July 2023

Pay Transparency Spectrum – the way forward

Pay Transparency

The trend towards Pay Transparency does seem to be gaining traction, partly because of landmark legislative events and partly due to a new generation of workers demanding greater openness and fairness.

Posted by Justine Woolf on
21 July 2023

How to evaluate your EVP and make your business stand out

Employee Value Proposition

The UK economy continues to see low levels of unemployment post-pandemic coupled with high levels of job vacancy. This tightness in a crowded labour market is putting pressure on companies to stand out.

Posted by Deborah Osarogiuwa on
14 July 2023

Salary education - How to ensure your employees understand the real value of their compensation package

Salary Education

There is no question that persistently high inflation in recent times has put a squeeze on workers’ pockets and ramped up the pressure on employers to keep pace with pay awards. Recent industrial action, for example by teachers, nurses and rail workers, have only served to highlight the increased focus of employees, and the need for greater pay transparency moving forward. While employers grapple with determining their appropriate pay levels, educating workers about the true value of their compensation package has never been more important, and yet this education is often overlooked. Here are four key areas employers can look at to boost salary education across the workforce.

Posted by Simon Cook on
07 July 2023

REBA: How to use reward technology to identify and fill pay gaps

Reward technology | Pay Data

Diversity, equity and inclusion policies are becoming more and more important within organisations and technology can help improve their effectiveness

Posted by Sarah Lardner on
30 June 2023

The changing world of Tech - Part 2: Generative AI

HR software | Reward technology | HR Technology | The Metaverse

In the first instalment of this two-part blog I focused on the Metaverse, and what it means to the business world in which we are operating as HR professionals. This time I am going to focus on the related topic of Artificial Intelligence (AI), specifically Generative AI.

Posted by Sarah Lardner on
23 June 2023

Support with pay progression and targeting pay awards - initiatives in a changing landscape

Pay Progression

Pay progression can be managed in a variety of ways and each company and set of employees will bring a unique set of challenges. In looking to find the best way through pay progression it is important to assess the many different methods and practices available to companies in measuring employees and assessing their value to the business.

Posted by Cathryn Edmondson on
16 June 2023

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