Navigating the Changing Landscape of Reward Management: Challenges and Solutions for HR Directors in the Legal Sector
Justine Woolf | 09 November 2023
Reward Consultancy | Bonus | Pay Fairness | Pay Review
Navigating the evolving HR landscape, Innecto's team, with experience from top law firms, addresses challenges faced by HR and Reward professionals, offering strategies for rebuilding recognition culture in a hybrid work environment, simplifying bonus schemes, balancing transparency and discretion in pay decisions, addressing regional pay discrepancies in a distributed workforce, building business cases for investing in business services, enhancing pay review processes, and creating unique employee propositions to retain key talent in the ever-changing legal sector.
Practical measures to tackle pay gaps
Justine Woolf | 03 November 2023
Gender Pay | Gender Pay Gap | Gender Pay Reporting
Instances of unequal pay can manifest all too easily, but they can also be guarded against by building a greater understanding of the data available, and then auditing and benchmarking, which often requires outside help. Here are some key areas for companies wanting to make genuine strides in this area.
Four essential steps to address pay gaps and equality
Justine Woolf | 27 October 2023
Equal Pay | Gender Pay | Gender Pay Gap | Gender Pay Reporting
According to a World Economic Forum Gender Gap Report published in July 2022 the UK’s gender pay gap ranking is 22 out of 146 countries, with Iceland, Finland and Norway topping the table with the smallest gaps. At the current rate of change, the report suggests the UK’s gender pay gap will take 132 years to close entirely. A sobering thought.
Our Autumn 2023 Quarterly Insights are here!
Simon Cook | 12 October 2023
After a year of balancing budgetary pressures with the rising cost of living, the dust may finally begin to settle in 2024. However, whilst inflation rates are falling, it is still much slower than anticipated. Some organisations are also finding themselves wrestling with the knock-on impact of wage compression triggered by increases to the national living wage. Whilst others are continuing to fight for talent in key technical or specialist areas where skills are scarce.
