The changing world of Tech - Part 1: The Metaverse
Disruptive HR | Reward technology | HR Technology | Planning Ahead | Thought Leadership
In the first of a series of Metaverse-themed insights, Sarah Lardner explores what the Metaverse is and how HR leaders can leverage the opportunities it presents.
Posted by Sarah Lardner on
09 June 2023
Innovating with pay strategies – thinking outside the box when under inflationary pressure
Pay Fairness | Pay Progression | Pay Structure
In the absence of inflation-busting pay rises to match the cost-of-living crisis, most companies are having to get creative. Rather than focus solely on pay, we are encouraging our clients to review their core principles around reward and look broader at benefits, ways of working and culture, which I’m boiling down into four Fs: fairness, flexibility, future-proofing and friendship.
Posted by Cathryn Edmondson on
01 June 2023
11 Steps to boost your Sales Incentive Scheme
For a sales team to perform and achieve at an optimum level, it needs three things: a well-designed sales plan; data and insights for forecasting, planning, and aligning their efforts to the business’s goals; and the tools to enable performance (training, environment, culture and CRM systems). Too often we see bonus schemes that are over-engineered, hard to understand and ultimately demotivating, so how can you review your current plans?
Posted by Sarah Lardner on
26 May 2023
What next for young workers after rise in minimum wage levels?
National Living Wage | Pay Progression | Pay Data
On both a national and company-led level, pay increases must be matched by initiatives to create opportunity and enable progression.
Posted by Simon Cook on
18 May 2023
Our Quarterly Insights are here - Pay Transparency Special Edition
Pay Transparency | Quarterly Insights
This quarterly report draws together the latest insights on pay and reward across a range of sources. It outlines the current analysis and future forecasts based on available data to support employers.
Posted by Simon Cook on
16 May 2023
Strategy & Policy: How to create a reward and benefits strategy that is flexible enough to support employees of all ages
Benefits audit | Benefits intelligence | Flexible Benefits
In the consumer world, companies know how important it is to understand their customers’ diverse needs. By doing this, they can tailor products and services based on demographic, behaviour and habit to maximise value.
Posted by Sarah Lardner on
11 May 2023
Reward Strategy: How to avoid reward structures that can inadvertently encourage overwork and poor working cultures
At Innecto, we encourage our clients to really think about who they are as an organisation, and what they are wanting to achieve when we talk about defining culture. Once that has been established, we can begin to question whether the existing reward structures are supporting or impeding those aspirations.
Posted by Justine Woolf on
04 May 2023
Remote working in the UK vs International - what are the differences and why do they exist?
In the past few years we have seen many international employers come out with clear direction on how to manage pay for remote workers, while in the UK there seems to be a nervousness around changing the status quo. In some ways this comparison is easy to explain but there are factors at play which arguably make the UK situation more complex for employers.
Posted by Spencer Hughes on
27 April 2023
Government guidance on ethnicity pay reporting: Innecto analysis
On 17 March 2022 the policy paper Inclusive Britain: Government Response to the Commission on Race and Ethnic Disparities was published, pledging in action number 16 to "address the challenges with ethnicity pay gap reporting to support employers who want to demonstrate and drive greater fairness in the workplace."
Posted by Sarah Lardner on
21 April 2023
Working in partnership with Innecto
One of the questions we ask clients when we start any project is why did you choose to work with us? The resounding answer we get back every time is that Innecto consultants give their clients confidence – confidence that we know what we are talking about, confidence we will get the job done and as importantly, confidence that they will learn & enjoy working with us. With a NPS of over 95%, we are confident we are getting it right!
Posted by Justine Woolf on
14 April 2023
Educating and negotiating with unions around pay and benchmarking
When working with trade unions it is almost always useful to take a step back at the outset and ask one key question: when it comes to reward, how can we make sure that everyone is speaking the same language and understanding things from both sides?
Posted by Justine Woolf on
06 April 2023
5 years of gender pay – What have we learnt? What has changed? How can we progress beyond headline reporting?
Gender Pay | Gender Pay Gap | Gender Pay Reporting
Once every year thousands of companies are required to publish their new gender pay gap figures, and that ‘snapshot’ date has just ticked over for 2023. For most public authority employers, the clock strikes at midnight on 30 March and for everybody else the figures are due five days later at midnight on 4 April.
Posted by Sarah Nash on
31 March 2023