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Pay Strategy

Effective compensation strategies to get your pay pot working harder

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Pay Strategy

At the heart of an organisation's employee experience is an expertly designed pay and reward strategy that integrates all key elements, from base pay to bonuses, benefits, recognition, and performance management. Achieving the right balance in these areas is essential for retaining and motivating top talent. 

Innecto’s independent experts work closely with you to identify your organisation's unique strengths and objectives, leveraging this insight to encourage behaviours that drive long-term success. By providing a comprehensive perspective on reward strategies, we help improve people management and achieve key business objectives.

Market insight is key to ensure you are positioned effectively against your competitors, enabling you to attract and retain the best talent. Our independence is our strength here, supporting you to find the best data using tried and tested methodologies. Taking a long-term view, we partner with you to maximise the impact of your pay and reward investments. We uncover potential cost savings, highlight risks and opportunities, and deliver data-driven insights, analytics, and frameworks to guide evidence-based decision-making and strategic alignment.

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Latest insight

Is pay transparency becoming more prevalent globally?

Pay Transparency | Pay

The momentum around pay transparency is building for two key reasons, legislative pressure in key markets and societal expectations brought on by a new generation of workers....

Justine Woolf

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Case Study

AQA

As an organisation with roots in the university sector, AQA’s reward structures were based on legacy arrangements, providing short incremental progression routes before roles became ‘stuck’ at the top of the pay range....

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