Category: Pay & Reward
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.
Just Reward - our latest article featured in HRD
05 March 2024
In the latest edition of HRD, Justine Woolf sheds light on the imperative for 2024: addressing the challenges that have long lingered in the 'too-hard' box. With our days consumed by endless tasks, strategic thinking often takes a back seat. But as time becomes an ever more precious commodity, waiting for change to find us isn't an option.
Pay in a Recession: How to grow in-built Resilience
Sarah Lardner | 10 February 2023
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.
20 years in Reward: how the landscape has changed since 2002
12 September 2022
Reward Consultancy | Pay & Reward | Reward Strategy | Reward
On Innecto’s 20-year anniversary, Director of Consulting Justine Woolf reflects how the landscape of pay and reward has changed since 2002.
How to use non-monetary forms of reward as an alternative to bonuses
26 August 2022
Pay & Reward | Benefits audit | Benefits intelligence | Employee engagement | Reward Strategy | Reward | Flexible Benefits
Inadequate total compensation can be a contributing factor to people leaving their jobs and sometimes there is no magic wand that non-monetary reward can wave. Having said that, it can significantly enhance any company’s offering, allow you to express your culture and demonstrate how you would like to treat your employees. Here are some key ways to work non-monetary reward into your overall package.
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.
How to mitigate pay pressure, especially in hard to recruit sectors
07 July 2022
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.
How to utilise workforce data to inform pay fairness in your reward strategy.
16 June 2022
HR Reward | Pay Fairness | Pay & Reward | PayLab | Advance | Pay Data
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.
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.
GUEST BLOG: How tech benefits can ease the burden on take-home pay
14 April 2022
Most of us are feeling the pinch currently - the cost of fuel at the pumps is reaching new records regularly (despite the cut to fuel duty announced by the Chancellor in the latest budget). Gas and electricity prices are soaring with a further price increase coming in October, and the rate of inflation is at a 30-year high.
Why employee engagement can ease the pressure on pay and reduce skills shortages
25 February 2022
Pay & Reward | Employee engagement | Employee communications | Engagement
We do naturally see ebbs and flows in pay movement, and what feels heightened now, will in time be part of a wave.
The Pay Trends 2022 Whitepaper is here!
10 February 2022
Our annual Pay Trends event streamed live on Tuesday 1st February, and we are pleased to release our Pay Trends 2022 Whitepaper to our reward community.
