Insights : Innecto Reward Consulting

Pay audits: the importance of carrying out an audit following a business change

Pay Fairness | Pay Structure | Pay Review

Whenever there is significant change in an organisation, mentalities of your employees can quickly change. Pay can also become a serious bone of contention that can cause ripples across the board, affecting productivity, morale and profit. Mark Macoun explores the reasons behind why pay audits at times like this are not just important, but vital in order to drive success rather than discontent.

Posted by Mark Macoun on
14 October 2019

Attracting talent in tech: what should your business be considering?

Measuring pay | Global talent | Talent | Organisational Design | Job evaluation

When it comes to attracting the right talent, technology and digital roles are the ones that are often creating headaches for many employers right now. The increasing tech focus for most organisations is demanding a skill set that in many cases doesn’t yet exist - or if it does, it is like gold dust to find. We explore some key considerations for businesses looking to find the cream of the crop.

Posted by Justine Woolf on
08 October 2019

How to use bonuses to greatest effect and motivate your people

Bonus | Performance Related Pay | Employee engagement | Performance

Current research shows that 59% of employees rated job enjoyment as a top three motivator, but, interestingly, only 13% - a surprisingly low number – of employees said that they are motivated by a bonus. In the case where money is almost seemingly no object though, then what can an employer do to ensure their staff are motivated enough? And can the traditional bonus still be used in different ways to ensure higher performance and happier employees? Spencer Hughes explores.

Posted by Spencer Hughes on
30 September 2019

How to lead the way with a ‘light touch’ RemCom approach

Corporate Governance | Executive Compensation | Leadership | Organisational Design

How businesses manage the pay of their employees and particularly their executive remuneration is coming under increasing scrutiny - so what can employers do to stay ahead of the game? Sarah Lardner offers some solid advice on a framework that will help companies raise the bar.

Posted by Sarah Lardner on
24 September 2019

Data is king: social mobility proposals and class pay gap reporting could be on the horizon. Are you ready?

Equal Pay | Good data | Measuring pay

A new report is calling for specific legislation to tackle class discrimination in the workplace and this would make it compulsory for employers to report class pay gaps. But what does and could this really mean for employers in the real world?

Posted by James Bigus on
17 September 2019

5 ways to measure how inclusive your reward strategy is

Equal Pay | Gender Pay | BAME reporting | Reward Strategy

The notion of inclusivity has never been more prevalent in the workforce. In our third year of gender pay reporting, with ethnicity reporting legislation on the horizon, and the need to show that, as an employer, you are inclusive and do not discriminate employees has never been more important. But how do we truly measure how inclusive our reward strategy is?

Posted by Mark Macoun on
10 September 2019

7 days of podcasts to help you keep your ear to the ground

Engagement | Disruptive HR | Culture | Wellbeing

In an increasingly noisy world where we all seem to be getting busier by the minute, it’s often hard to know who is worth really listening to. Justine and the team at Innecto have compiled a list of some of our favourite and most inspirational podcasts that will help to keep you ahead of the game.

Posted by Justine Woolf on
03 September 2019

How letting your employees choose their limits can help you reach new heights

Benefits intelligence | Annual Leave | Flexible working | Culture | Flexible Benefits

In an increasingly flexible and dynamic working world, employees’ expectations are changing and freedom as a concept seems to be becoming a familiar buzz word in the industry. It’s become even almost old fashioned for employers to take on the role of a strict parent where dictating things like set working hours or locations to their staff are the norm – but what about when it comes to something like annual leave? And what happens when companies do something very on trend, such as offering their employees an unlimited holiday allocation?

Posted by Ben Rowley on
27 August 2019

Employee Experience: Maintaining Peak Performance in the Modern Workforce

Performance Management | Performance | Employee Experience

As we focus on maintaining peak performance in the modern world, it is important to remember that lens we are looking through is that of employee experience. How do we enhance our day to day work experiences, using the insights we can generate often through data, to help us get better return on investment and boost our experience at work?

Posted by Justine Woolf on
20 August 2019

If budgets are squeezed how do you get the most from your pay budget? Part 3 of 3

Pay & Reward | Total reward | Reward

Sitting side by side with this question is how do you get the most out of your employees, when their pay increases are minimal or non-existent and a bonus may be out of the question? In the final part of our three-part series, we look at how the culture of your business plays a role in getting the most of your pay budget when budgets are squeezed.

Posted by Gemma Bullivant on
13 August 2019

If budgets are squeezed how do you get the most from your pay budget? Part 2 of 3

Benefits audit | Benefits intelligence | Flexible Benefits

Following on from the first part of this three-part series, which focused on creative bonus schemes, in part two we look at how flexible benefits can be used effectively to get more from a restricted pay budget.

Posted by Sarah Nash on
06 August 2019

If budgets are squeezed how do you get the most from your pay budget? Part 1 of 3

Other elements of the total reward package come into starker focus when pay budgets are tight, and across this three-part insights series we will look at how employers can leverage bonus, benefits and culture to make the most of their pay budgets, with part one focusing on creative peer-to-peer and crowdsourced bonus solutions.

Posted by James Bigus on
30 July 2019

Insights