Insights : Innecto Reward Consulting

Category: Pay Fairness

Pay in a Recession: How to grow in-built Resilience

Pay Fairness | Pay & Reward | Resilience

Whether the current economic climate is confirmed as a recession or not, there is no question that we are in the middle of a cost-of-living crisis. According to Resolution Foundation, a typical disposable income for a working-age household is on track to fall by 3% this financial year, and by 4% in the year to April 2024, worse than the last financial crisis. The figures vary but the key message is the same: employees are going to feel worse off in real terms.

Posted by Sarah Lardner on
10 February 2023

How to mitigate pay pressure, especially in hard to recruit sectors

Pay Fairness | Pay & Reward | Pay Progression | Pay Review | Pay Data

The current cost of living crisis is bringing with it a whole new wave of pay pressure for employers, but traditionally pay pressure can arise when you have an urgent need for hot skills.

Posted by Lisa Trewhitt on
07 July 2022

How to utilise workforce data to inform pay fairness in your reward strategy.

Fairness is referenced by many organisations in their pay principles, and whilst none of us set out to pay unfairly, the reality is most reward frameworks are seen as unfair by employees.

Posted by Justine Woolf on
16 June 2022

What is base pay in your organisation?

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.

Posted by Cathryn Edmondson on
29 April 2022

Back to School! The nuances of how Teachers are paid

Pay Transparency | Pay Fairness | Equal Pay | Measuring pay

Teachers are a good example of a variable or irregular work pattern, so how can you handle transparency in roles that don’t work your typical nine to five, and how can these roles be fairly and equally compared with the traditional Monday to Friday workforce?

Posted by Sarah Nash on
10 September 2021

How to promote fairness and transparency through Job Evaluation

Pay Fairness | Job evaluation | Transparency

Fairness and transparency are both cornerstones of Responsible Reward. Spencer Hughes looks at how both can be achieved by correctly executing and implementing Job Evaluation with a logical and consistent methodology.

Posted by Spencer Hughes on
06 May 2021

Pay Inequality: what could go wrong?

Pay Fairness | Equal Pay | Equal Pay Audits

Most organisations do not deliberately set out to discriminate in terms of pay, but given the c.29,000 claims a year it’s clearly not uncommon. Recent headline-grabbing cases have detailed staggering settlements, but the implications of not establishing pay equity can span much further than this. Cathryn Edmondson discusses.

Posted by Cathryn Edmondson on
18 March 2021

Three considerations when setting employee performance targets, pay and bonuses in a volatile market

How do you balance doing the right thing by your employees in terms of bonus and commission when business performance is not where you expected it to be? This is a hard question to answer and there will not be one approach that works for every business. However, there are questions all businesses can ask themselves to help navigate the challenges with performance targets and variable pay.

Posted by Cathryn Edmondson on
19 August 2020

Pay equality: why now is the time to get your house in order

The long-term picture will only become known with the passage of time, however, whilst business may be a little slower and some of our typical processes postponed, the world will keep turning and a return to a feudalist barter system seems a little unlikely, which is why now is a great time to prepare for the future.

Posted by Ben Rowley on
14 July 2020

Spring Webinar Series: Building Trust Through Transparency

Pay Transparency | Pay Fairness | Pay & Reward

Watch the recording of our first Spring Webinar, which sees Justine Woolf and Valerie Hughes-D'aeth discuss how organisations can rebuild trust around pay, both through the current COVID-19 crisis and beyond.

Posted by Justine Woolf on
05 May 2020

Gender pay gap reporting – more than just the numbers…

Mandatory reporting may be cancelled this year, but it's still a good opportunity to evaluate your gender pay position and review what measures are in place to close the gap.

Posted by Alastair Cole on
07 April 2020

Genuine gestures or PR stunt?

Innecto's Justine Woolf explains why headline reports of CEOs taking salary cuts aren't all they appear, and whether football clubs should consider cutting players' pay in line with other staff.

Posted by Justine Woolf on
03 April 2020

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