Their challenge
As an entrepreneurial business, Boden started small and paid what they could afford. As the company grew and they began recruiting lots of new staff, they realised they needed a more accurate way of deciding remuneration packages rather than relying on current salaries as a benchmark.
Our solution
We helped Boden take part in a major pay survey to make sure they stay competitive against the market. Data from these surveys is often difficult to interpret but with our expertise we were able to put the data into a meaningful and easily understandable format. We’ve continued to work with Boden over for three years, repeating the exercise annually. Boden is able to use the information in pay reviews and we measure the impact pay decisions have made.
The outcome
Boden can now stay well ahead of the game when it comes to pay – essential in a fluid market like online retail. They’re able to see what external triggers are at play with retaining key staff and recruiting new talent. With this vital information, Boden can now plan ahead and proactively manage their pay budgets. HR now have the ability to have confident conversations around pay, based on fact and not perception of what is happening.
Client feedback
"Innecto are a great partner, they have a great track record and really know their stuff. They make complicated pay data meaningful and are very personable and approachable."
