Seven Strategies for rewarding High-Potential Employees
Spencer Hughes | 20 September 2024
Employees with high potential are worth fighting to keep and the best way we can do that is by setting out and communicating a reward framework that is able to measure and reward them with both salary and variable pay. Here are my seven key points.
2024 Paris Olympics – The value of a medal and the changing landscape of incentive and recognition
Mark Macoun | 13 September 2024
With Paris 2024 behind us, the postmortems will now begin on the world’s grandest sporting fortnight, including Olympic medal hauls, new-found global recognition and, for some, prize money.
Four-day week: welcome flex for workers or dangerous balancing act for companies?
Sarah Lardner | 10 September 2024
The new labour government recently re-opened the lid on the four-day working week, and have made some fairly loud noises about moving forward with additional legislation. More detail is expected in the autumn when a law for a new package of workers' rights could be brought to parliament.
Top 5 things to consider during this year’s pay review process
Justine Woolf | 06 September 2024
Pay Review | Advance | Pay
Budgeting for pay reviews can mean ploughing through an overwhelming raft of data for organisations but there are simple steps and tools available to take the stress away
How to ensure your reward strategy enables progression and supports careers
Justine Woolf | 30 August 2024
When setting out to design a reward strategy, many companies will start with their core principles which tend to be fairly generic in nature: ‘We will reward people for the work they do and how well they do it’. ‘We will stay competitive in the market’.
Meet the Team: Paul Davies – Reward Analyst
Paul Davies | 30 August 2024
Introducing Paul Davies, our next feature in the Meet the Team Series! Learn what initially drew Paul to a career within Reward and what excites him the most about it.
How effective pay transparency messages can boost retention
Justine Woolf | 22 August 2024
With EU pay transparency legislation about to come into force, UK-only businesses will still be required to show pay transparency so as to stay competitive in the talent race
The Value of a Medal - what can we learn from the Olympics?
Genni Fisk | 12 August 2024
Employee engagement | Recognition | Reward
Sunday marked the close of the Paris 2024 Olympics and the shift of everyone’s attention back away from celebrating Team GB’s successes against the medal table. But what people don’t realise is that the Olympics can teach us a lot when it comes to recognising and rewarding employees at work.
Pay Equity: Ensuring Fairness and Equity in Compensation
Spencer Hughes | 09 August 2024
Pay Fairness | Equal Pay | Evaluate | PayLab | Pay
Pay equity is the practice of paying equally for work of equal value. But what do we mean by work of equal value? And how can we ensure that we are using the right measure for that? There are two key pillars in ensuring fairness and equity in pay: the reward framework and the implementation and communication of that framework.
Our Summer Insights are here!
Simon Cook | 08 August 2024
The latest summer edition of Innecto’s insights report provides a comprehensive analysis of the current pay and reward trends, consolidating data from various reliable sources. This edition particularly focuses on benefits engagement, drawing insights from a recent survey conducted by Innecto. It offers valuable insight to employers in the importance of benefit engagement.
Part 4 - How Digital HR Tools can enable and streamline Pay Transparency
Sarah Lardner | 31 July 2024
At a time when pay transparency feels more important than ever, Innecto’s team of consultants is focusing on how building the right frameworks and structures plays a fundamental role in supporting Pay Transparency and Pay Equity. Here our Director of Business Innovation and Senior Principal Consultant, Sarah Lardner looks at how digital platforms can play a key role.
Pay Transparency Series - Part 3: the Path to Pay Equity
Sarah Lardner | 25 July 2024
At a time when pay transparency feels more important than ever, Innecto’s team of consultants is focusing on how building the right frameworks and structures plays a fundamental role in supporting Pay Transparency and Pay Equity. In the first two of our four-part series our Director of Business Innovation and Senior Principal Consultant, Sarah Lardner, outlined the ramifications of the EU Pay Transparency Directive and examined what Pay Transparency means to employers in the UK. Now, we look at the steps companies can take to prepare and transition towards transparency.
