Category: Skills based pay
Can skills-based pay work?
Sarah Lardner | 07 June 2024
Becoming a skills-first organisation means identifying the skills relevant to work and matching people with the required skills to the tasks at hand. The simple answer is that yes it can be done, if it is done correctly: matching employees to those skills and remunerating based on that requires a considered approach.
Coronavirus: innovative ways employers can adjust pay and contracts to save jobs
28 April 2020
Pay Transparency | Bonus | Reward Intelligence | Pay & Reward | Commission | Flexible working | Sales Bonus | Skills based pay | Reward Strategy | Pay Review | Financial Wellbeing | Covid-19
Many businesses right now are in survival mode, as the spread of the Coronavirus causes economic disruption akin to the 2008 financial crash. So, what are companies doing? Sarah Lardner takes a closer look at the steps business are taking to secure their business for the long term.
The big squeeze: 4 ways to handle low pay increases
12 November 2019
HR Reward | Reward Consultancy | Pay framework | National Living Wage | Organisational Design | Low Pay | Pay Progression | Skills based pay | Pay Structure
The government's low pay increases in recent years have been ambitious and caused budgeting headaches across businesses with a large proportion of low pay employees. With rates set to keep rising, how can you handle these challenges and make them work for your business?
Paying for skills: the rhetoric, the reality, the need for resurgence
25 September 2018
HR Reward | Reward Consultancy | Reward Intelligence | Pay Progression | Skills based pay
We’re delighted to bring you a guest blog from Dr Duncan Brown, Head of HR Consultancy at the Institute for Employment Studies. Duncan discusses the current status of skills-based pay, and its potential for improving UK pay levels and productivity.
