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Going beyond the headlines - what can we do to improve our pay gaps?

Gender Pay Gap | Pay

It’s been 7 years since the Government introduced annual Gender Pay Gap reporting regulations for companies with 250+ employees, and whilst the national median pay gap has narrowed since then, progress has been somewhat subdued with an overall decrease of just 4%.

Posted by Genni King on
18 March 2024

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Technology and data: Top tips for using technology to create a personalised approach to reward and benefits that supports parents and carers

By 2050 projections indicate that the world’s population of people aged 85+ will have increased fivefold, and Europe will have the oldest population in the world. In the UK, 11 million of the people alive today will live to be 100. We need to think carefully about how these statistics might affect our businesses and the people working in them.

Posted by Andrew Walker on
15 March 2024

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Unravelling the Employee Value Proposition: Key Insights and Strategies for Organisational Success

Employee Experience | Employee Value Proposition

The Employee Value Proposition, commonly referred to as EVP, has been a topic of much discussion lately. However, what I've noticed is that while many people talk about it, some struggle to grasp its true meaning and significance.

Posted by Justine Woolf on
08 March 2024

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Meet The Team - Justine Woolf

Meet The Team

Next in our Meet The Team series, we find out more about our Director of Consulting, Justine Woolf. We dig into Justine's passion areas of reward, what it is like to work for Innecto, what a typical working day looks like, and more.

Posted by Justine Woolf on
06 March 2024

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Just Reward - our latest article featured in HRD

Pay & Reward

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.

Posted by Justine Woolf on
05 March 2024

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Meet The Team - Sarah Lardner

Meet The Team

In the first of our Meet The Team series, we find out more about our Director of Business Innovation and Senior Principal Consultant, Sarah Lardner, including her favourite moments at Innecto, what a typical day looks like, and how she got started in her career in Reward.

Posted by Sarah Lardner on
05 March 2024

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Employee Appreciation Day - Importance of a thank you

Employee communications | Employee Experience

Recognition is one of those areas of reward that we all think is quite easy to do. Put in place a formal company scheme, give it a cheesy name and Bob’s your uncle – we have recognition! The reality is that while formal schemes do work, and I have seen them work very well, my experience is that formal company recognition schemes are the icing on the cake. Outside of pay and bonus awards, it’s at the individual and team level where the greatest impact of non-financial recognition can be made on a daily basis.

Posted by Justine Woolf on
01 March 2024

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Getting the fundamentals of workplace culture right

From fair pay through to clear career paths and inclusive benefits to meet employee expectations

Posted by Justine Woolf on
22 February 2024

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Smaller Pay Rises This Year? The Path Forward for Pay Review 2024

Pay Review | Advance

Pay reviews can be difficult to manage. In the past, pay pots have enabled people leaders and finance directors the ability to allocate awards effectively, given the cost of living and labour market conditions and address any anomalies. However, this year presents new challenges as pay awards are likely to be more modest, with average pay settlements expected to be around 4%, down from over 6% in the past two years, as predicted by Innecto and confirmed by The Chartered Institute of Personnel and Development (CIPD) recent report.

Posted by Sarah Lardner on
16 February 2024

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Understanding your Gender Pay data and turning this into actionable intelligence

Gender Pay | Gender Pay Gap | Gender Pay Reporting

There has been little progress* (4%) made in narrowing the gender pay gap since mandated by the Gender Pay Gap Regulations in 2017. The average pay gap of employers assessed remains stubbornly at 14.3% (ONS).

Posted by Sarah Nash on
06 February 2024

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8 Practical Tips to address Gender Pay Reporting

Gender Pay | Gender Pay Gap | Gender Pay Reporting

Uncover the essential 'Do's and Don'ts' for Gender Pay Reporting.

Posted by Justine Woolf on
26 January 2024

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Our Quarterly Insights are here - Pay Trends edition!

Quarterly Insights

This quarterly report draws together the latest insights on pay and reward across a range of sources. It outlines current analysis and future forecasts based on available data to support employers. There is also a particular focus this quarter on post-pandemic pay based on hybrid operating models.

Posted by Simon Cook on
25 January 2024

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