Category: Pay Structure
Business services roles in Law – helping firms value the undervalued
Justine Woolf | 03 October 2024
Evaluate | Pay Structure | Job evaluation
Historically and perhaps understandably, much of the focus in law firms has been on fee-earning roles. It has been more of a challenge for HR departments to implement formal reward structures for Business Services roles. Now, though, this whole area is being driven up the agenda by challenges in recruitment and retention as well as legislative and social pressures.
Innovating with pay strategies – thinking outside the box when under inflationary pressure
Cathryn Edmondson | 01 June 2023
Pay Fairness | Pay Progression | Pay Structure
In the absence of inflation-busting pay rises to match the cost-of-living crisis, most companies are having to get creative. Rather than focus solely on pay, we are encouraging our clients to review their core principles around reward and look broader at benefits, ways of working and culture, which I’m boiling down into four Fs: fairness, flexibility, future-proofing and friendship.
11 Steps to boost your Sales Incentive Scheme
Sarah Lardner | 26 May 2023
For a sales team to perform and achieve at an optimum level, it needs three things: a well-designed sales plan; data and insights for forecasting, planning, and aligning their efforts to the business’s goals; and the tools to enable performance (training, environment, culture and CRM systems). Too often we see bonus schemes that are over-engineered, hard to understand and ultimately demotivating, so how can you review your current plans?
Three essential areas to address around pay gaps and equality
02 September 2022
Equal Pay | Equal Pay Audits | Pay Structure | Pay benchmarking | Job evaluation | Pay Review
Instances of unequal pay can manifest all too easily, but they can also be guarded against by putting checks and balances in place and maintaining those with regular auditing. My three main areas to focus on when considering pay gaps and inequality are pay structures, annual pay review and pay policy.
How to provide adjustments without breaking existing pay structures
14 July 2022
Pay & Reward | Pay Structure | Pay Review | Reward | Pay Data | Cost of Living
Linkedin is an extremely powerful tool for engagement but it is creating new headaches for employers already struggling in a tricky market.
What is base pay in your organisation?
29 April 2022
Pay Fairness | Pay & Reward | Pay Structure | Pay Review
There are many ways to manage a pay review budget and approach pay progression. However, before we start thinking about the pros and cons of those different approaches, it is important first to be clear about what Base Pay is for in your organisation.
Location-based pay frameworks: where do we go from here?
04 November 2021
Pay & Reward | Pay framework | Flexible working | Global talent | Pay Structure | Remote Working
Traditionally, many organisations have had regional-based pay frameworks, and home-based workers were more likely to have a national reference point for pay, but what about now, when the pandemic has firmly thrust the idea of home-based working into a reality? Justine Woolf explores the potential future of location-based pay frameworks.
Give your pay bands a bit of TLC
02 October 2020
Pay & Reward | Pay framework | Pay Structure | Pay Review
When was the last time you took a closer look at your pay bands? Pay bands can be viewed as the engine that drives pay decisions, but all too often they only get an annual MOT at pay review - perhaps it is time to look under the bonnet and give pay bands a bit more TLC.
What got you here, won't get you there - an open letter to HR
29 July 2020
Reward Intelligence | Pay & Reward | Pay Structure | Reward Strategy | Productivity
The first in our series of open letters to HR, Sarah Lardner discusses how HR leaders in well-established organisations need to be looking at the journey ahead, to make the business irresistable to talented employees and to stand out amongst competitors.
Reshaping your organisation to achieve your desired results
17 June 2020
Organisational Design | Pay Structure
Taking the opportunity to reshape your organisation is something that many businesses are considering right now, and certainly for many it will be an unfortunate necessity due to pandemic-related reduced income meaning that it is no longer feasible to carry the staff overheads they previously could. But where is the best place to start?
Working from home, and the long-term impact on Pay and Reward
03 June 2020
Pay & Reward | Flexible working | Disruptive HR | Pay Structure | Covid-19
Remote working was thrust upon many of us by COVID-19, and it looks like it is here to stay, with many never wanting to go back to working in an office. Whilst the obvious health and safety, GDPR and wellbeing aspects have been considered as part of the transition, what hasn’t yet really been discussed is the long-term impact on Pay and Reward. Justine Woolf digs a little deeper into what you may need to consider when reframing your deal for the new ways of working.
Paying for performance in the not-for-profit sector Part 1
05 May 2020
Bonus | Performance Related Pay | Pay & Reward | Pay Structure
Those of you working in the not-for-profit sector will recognise the dilemma of paying for performance and whether it’s something your organisation should do or not. Justine Woolf looks at the concerns around introducing paying for performance that are unique to the not-for-profit sector and how they impact the options available.
