Insights : Innecto Reward Consulting

Pay Equity: Ensuring Fairness and Equity in Compensation

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.

Posted by Spencer Hughes on
09 August 2024

The key technology changes to be aware of as we plan Reward Strategy for 2024

HR Tech is evolving to meet the ever-changing needs of modern business. Previously companies acquired an Enterprise solution like Oracle or PeopleSoft to ‘do everything’. Now HR Directors can pick and choose between a range of products on different platforms with an expectation that they can integrate and ‘talk to each other’. It sounds straightforward but the goalposts are constantly shifting so it is important to peel back the layers.

Posted by Sarah Lardner on
23 November 2023

The key technology changes to be aware of as we plan Reward Strategy for 2023

HR Tech is evolving to meet the ever-changing needs of modern business. Previously companies acquired an Enterprise solution like Oracle or PeopleSoft to ‘do everything’. Now HR Directors can pick and choose between a range of products on different platforms with an expectation that they can integrate and ‘talk to each other’. It sounds straightforward but the goalposts are constantly shifting so it is important to peel back the layers.

Posted by Sarah Lardner on
13 January 2023

How to utilise workforce data to inform pay fairness in your reward strategy.

Fairness is referenced by many organisations in their pay principles, and whilst none of us set out to pay unfairly, the reality is most reward frameworks are seen as unfair by employees.

Posted by Justine Woolf on
16 June 2022

The targeted approach to strategy

Have you started setting targets for this year's reward strategy? For many HRD’s & Reward professionals, it's hard to find time to go above and beyond the day job whilst keeping an eye on long term goals. Justine Woolf explains why awareness and preparation are key to managing the ebb and flow of long or short term strategic planning.

Posted by Justine Woolf on
09 April 2019

6 steps to maximise value of pay benchmarking

Getting the facts around your market pay stance is essential, but of course there are costs involved. Innecto's Emer Bucukoglu guides you through 6 steps to make sure you get the best return from your pay benchmarking project.

Posted by Emer Bucukoglu on
12 February 2019

HR Tech: To Boldly Go

HR and technology aren't two concepts that have traditionally gone together. But that's all about to change. Alastair Cole takes you through how Innecto's digital solutions can make your life easier and save your company time and money.

Posted by Alastair Cole on
24 October 2017

6 ways to maximise the value of pay benchmarking

Getting the facts around your market pay stance is essential, but of course there are costs involved. Experienced Reward Consultant Emer Bucukoglu guides you through 6 steps to make sure you get the best return from your pay benchmarking project.

Posted by Emer Bucukoglu on
24 October 2017

Insights

Insights

Category: PayLab

Pay Equity: Ensuring Fairness and Equity in Compensation

The key technology changes to be aware of as we plan Reward Strategy for 2024

The key technology changes to be aware of as we plan Reward Strategy for 2023

How to utilise workforce data to inform pay fairness in your reward strategy.

The targeted approach to strategy

6 steps to maximise value of pay benchmarking

HR Tech: To Boldly Go

6 ways to maximise the value of pay benchmarking

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