Insights : Innecto Reward Consulting

Why employers should consider offering family-related benefits to their workforce

Over the past few years and certainly throughout the pandemic, companies have started to become more aware of the challenges faced by working parents. Many employers now have a greater awareness and understanding in this area and have started to place a strong emphasis on doing right by their employees by offering valuable family-related benefits. It is now commonplace to offer these types of benefits through enhanced policy arrangements, with many businesses following best practice approaches set by leading companies.

Posted by Robert Drewell on
02 December 2022

How to effectively communicate recognition strategies

Employee engagement | Recognition

Effective communication for recognition strategies usually boils down to strong planning and delivery around the three key phases: pre-launch, launch and post-launch. This may sound obvious but there are plenty of key questions and considerations for each phase.

Posted by Cathryn Edmondson on
25 November 2022

Thought leadership: Top tips on maintaining team morale

Motivation | Employee engagement | Thought Leadership

The financial statement has landed, pointing to tough months ahead. During these testing times of cost-of-living and interest rate rises, employment attrition and government uncertainty, it can be difficult for employees to feel settled. A lack of stability outside work can quickly transfer to how people feel in their jobs, especially if they’re isolated by hybrid working. So how can you build and maintain morale to help them through it?

Posted by Justine Woolf on
18 November 2022

Top tips to build a recognition strategy for a hybrid workforce

Recognition | Remote Working | Hybrid Working

Hybrid working has created a workforce often still united behind a common purpose, but fractured when it comes to knowing and understanding each other and enjoying each other’s success. As we’ve seen from social media, technology can play a huge role in bringing people together but in a corporate environment the challenge can often be keeping things personal. Here are some tips for sense-checking your own approach to recognising hybrid workers.

Posted by Cathryn Edmondson on
11 November 2022

Our Autumn Quarterly Insights are here

Quarterly Insights

This quarterly report draws together the latest insights on pay and reward across various sources. It outlines the current analysis and future forecasts based on available data to support employers.

Posted by Simon Cook on
07 November 2022

How to align your reward strategy with your organisation’s ESG goals

ESG

Over the last five to 10 years, Environmental, Social and Governance (ESG) has grown in prominence as organisations have looked to show internally and externally that they are getting serious about being responsible. Increasingly, companies committing to equitable and sustainable business are outperforming those simply meeting legal obligations, and are also building happier workforces.

Posted by Justine Woolf on
04 November 2022

Rethinking your long-term talent strategy to address pay gaps

Gender Pay | Gender Pay Gap | Gender Pay Reporting

How do you make sure you always hire the right person for the job, while maintaining a balanced outlook when it comes to gender, ethnicity and disability? To answer this, we need to explore five main areas of talent management: Diversity in recruitment; Succession planning; Performance management; Learning and Development; and Retention. In this article I’ll be looking at the first three of these key pillars.

Posted by Sarah Nash on
28 October 2022

How to distinguish between bonuses and recognition and ensure both are valued

Bonus | Recognition | Reward

There is a distinct difference between a one-off reward and the steady drip-feed of recognition. Each carries different incentives, drives different behaviours and comes into its own at different times. Here we examine the key differences and how you can reach the holy grail of having them work together in perfect harmony.

Posted by Spencer Hughes on
21 October 2022

How to use technology to ensure your recognition strategy is inclusive

HR software | Reward technology | HR Technology | Hapi

For recognition to be truly inclusive, it goes without saying that it needs to touch everyone. Regardless of position, rank, department, seniority, age, gender or background, a recognition scheme needs to resonate with everybody and ultimately give all employees the opportunity to be nominated and recognised.

Posted by Sarah Lardner on
14 October 2022

What is the future for gender, ethnicity, and other pay gap reporting?

Equal Pay | Gender Pay | Gender Pay Gap | Gender Pay Reporting | Ethnicity Pay Reporting

Only five years have passed since gender pay gap reporting was first made mandatory in the UK and a lot has gone on since 2017. Before the pandemic, we were only just starting to scratch the surface in terms of drawing patterns and tracing trends, and furlough blew a lot of that data out of the window by opening up short term pay gaps which are only now starting to recede back. The data and data-gathering in this whole area is still very immature and could certainly benefit from more introspection, checks and balances in several key areas.

Posted by Sarah Nash on
07 October 2022

How to adapt your reward strategy to reflect shifts in work patterns

Employee engagement | Flexible working | Hybrid Working

Hybrid and home working provide a host of benefits as well as shortcomings, and employee expectations with regards to this have changed because of Covid. So how can companies adapt their reward strategies to reflect that?

Posted by Mark Macoun on
29 September 2022

Cost of living: A blend of measures to help navigate your way through

Reward | Flexible Benefits | Cost of Living

Post-Covid, we are experiencing the largest spike in inflation for 30 years, forecast to peak close to 11 percent in the fourth quarter of 2022. Earnings are expected to rise by six percent this year but, with prices settling at a higher level relative to incomes, real household incomes are forecast to fall by 2.5 percent in 2022. More telling still, they will probably remain 7 percent below where they were pre-Covid until 2026 or beyond.

Posted by Sarah Lardner on
22 September 2022

Insights