Annual pay reviews can be a challenge for HR teams – a balancing act between budget, company performance and employee expectations. The ‘one size fits all’ approach is less relevant in today’s more complex and transparent climate. Pay decisions have a significant impact on financial performance and employee satisfaction. We’ll help you find a strategy that makes your pay review easier, and gets the best return on the investment.
We guide companies through the entire pay review to reach the right pay decision and process:
Acting as objective advisors, ensuring your approach aligns with your company culture and principles
Modelling scenarios and options
Implementing solutions, from a simple pay questionnaire to a structured matrix
And some tools to help:
Our team’s in-house experience means we know how difficult this process can be. We’ve developed PayMatters; a set of pay review tools to help your business make use of Excel’s powerful analytics, without having to be an expert user.
Innecto Pay Modeller allows you to model budgets and auto-allocate pay increases
Innecto Pay Reviewer allows tracking of spend by department
PayMatters requires very little training so you can start using them straight away.