Category: Pay
Gender Pay: Top tips for reducing pay gaps in 2025
Justine Woolf | 14 February 2025
Pay & Reward | Pay benchmarking | Pay
Every organisation is different and brings its own challenges and nuances when it comes to its Pay Gap.
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.
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.
Pay Benchmarking: Best Practices and Strategies
Amin Uddin | 01 November 2024
In the modern business world organisations are striving to attract and retain top talent with competitive, fair and transparent compensation practices. One crucial building block in this is Pay Benchmarking, which provides insights and comparisons into industry standards and norms, and helps organisations make informed decisions.
The Future of Performance-Based Pay Schemes
Sarah Lardner | 11 October 2024
Long Term Incentives | Performance Related Pay | LTIP | Pay
Employee motivation is crucial to any organisation because it helps kick-start or maintain a desired level of engagement, productivity and performance. Regardless of their role or level, workers who feel motivated are more likely to invest in the long-term goals of a business, take an interest in the setting of those goals and contribute to meeting or surpassing them.
Top 5 things to consider during this year’s pay review process
Justine Woolf | 06 September 2024
Pay Review | Advance | Pay
Budgeting for pay reviews can mean ploughing through an overwhelming raft of data for organisations but there are simple steps and tools available to take the stress away
How effective pay transparency messages can boost retention
Justine Woolf | 22 August 2024
With EU pay transparency legislation about to come into force, UK-only businesses will still be required to show pay transparency so as to stay competitive in the talent race
Pay Equity: Ensuring Fairness and Equity in Compensation
Spencer Hughes | 09 August 2024
Pay Fairness | Equal Pay | Evaluate | PayLab | Pay
Pay equity is the practice of paying equally for work of equal value. But what do we mean by work of equal value? And how can we ensure that we are using the right measure for that? There are two key pillars in ensuring fairness and equity in pay: the reward framework and the implementation and communication of that framework.
A Labour landslide but what does it mean for pay now we have a Labour government?
Cathryn Edmondson | 05 July 2024
It’s been 14 years since Labour was last in power so what does a new Labour government mean for the world of work as we know it? In their manifesto Labour committed to “make work pay” and deliver a “new deal for working people” with legislation being introduced within 100 days. However, they have also committed to consulting “fully with business, workers and civil society on how to put plans into practice before legislation is passed”.
The General Election manifestos and what they mean to Reward
Holly Coe | 20 June 2024
Ahead of the General Election on July 4, the manifestos are out and whichever party wins, it looks likely that some clear changes will come into effect that could have a major impact on the reward landscape.
How to streamline pay review and take away the pain
Holly Coe | 29 May 2024
Pay Transparency | Pay Review | Pay
Pay review for most businesses takes place annually, usually effective at the beginning of a new financial year. When employees receive a letter or email confirming a pay change, it is a notable ‘event’ in any company’s year, and one which many people both look forward to and rely upon.
Quarterly Focus: Pay Review Lessons
Simon Cook | 24 May 2024
The first quarter of the year provides the initial indications of the year ahead with January and April pay settlement announcements. With the majority of pay reviews concentrated in this early part of the year, alongside increases to the government’s minimum wage levels, it provides a clear steer for the year ahead. Drawing on our insights from across sectors from our clients, we have summarised the key lessons from this year’s pay reviews.
