Category: Pay Transparency
Pay Transparency: How we leverage change and set new standards for fair pay
Justine Woolf | 22 November 2024
While the drive and legislation for Pay Transparency differs from country to country, one consistent thread is the aim to address and alleviate pay disparity. Even if more has been done in other countries than in the UK, the trickle-down effect of those pay equity laws is still a driving force behind UK companies taking the issue more seriously.
Pay Transparency: How we leverage change and set new standards for fair pay
Justine Woolf | 22 November 2024
While the drive and legislation for Pay Transparency differs from country to country, one consistent thread is the aim to address and alleviate pay disparity. Even if more has been done in other countries than in the UK, the trickle-down effect of those pay equity laws is still a driving force behind UK companies taking the issue more seriously.
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
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.
Part 2 - What does Pay Transparency mean to me as an employer?
Sarah Lardner | 17 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 of this four-part series our Director of Business Innovation and Senior Principal Consultant, Sarah Lardner, outlined the ramifications of the EU Pay Transparency Directive [link]. In part 2, we examine what Pay Transparency means to employers in the UK in terms of the structures needed to enable decision-making.
Pay Transparency Series – Part 1: Legislation and Mindset for a changing world
Sarah Lardner | 09 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 a new four-part series by our Director of Business Innovation and Senior Principal Consultant, Sarah Lardner, we first outline the ramifications of the EU Pay Transparency Directive, and will then (2) examine what Pay Transparency means to employers in the UK, (3) lay out the steps companies can take to prepare and transition, and finally (4) look at how digital platforms are aiding us all in this process.
Pay Transparency: Benefits and Challenges
20 June 2024
Is there anything more frustrating than finding a great role that offers a ‘Competitive salary’? What does that phrase even mean? Competitive for the town, the market, or the current employees? For people with a certain skillset? The wording immediately puts us on edge, arouses suspicion that candidates may be treated differently, and is a perfect example of non-transparency.
How to streamline pay review and take away the pain
Holly Coe | 29 May 2024
Pay Transparency | Pay Review | Pay
Pay review for most businesses takes place annually, usually effective at the beginning of a new financial year. When employees receive a letter or email confirming a pay change, it is a notable ‘event’ in any company’s year, and one which many people both look forward to and rely upon.
Pay Benchmarking: Best Practices and Strategies
Lisanne Winter | 02 May 2024
In today’s competitive business landscape, organisations are striving to attract and retain top talent while ensuring fair and competitive compensation practices. In the interests of balancing the books and maintaining a strong foothold in the market, one crucial piece in this tricky jigsaw is pay benchmarking. This invaluable process provides insight into industry standards and helps organisations of all sizes make informed decisions regarding compensation.
Going beyond the headlines - what can we do to improve our pay gaps?
Genni Fisk | 05 April 2024
Pay Transparency | Pay Fairness | Gender Pay | Pay
It’s been 7 years since the Government introduced annual Gender Pay Gap reporting regulations for companies with 250+ employees, and whilst the national median pay gap has narrowed since then, progress has been somewhat subdued with an overall decrease of just 4%. But why is this the case?
Greater Pay Transparency is coming – How to ensure you have an equitable and gender-inclusive approach to pay and bonuses
Simon Cook | 30 November 2023
Pay Transparency | Pay Fairness
Reflecting on Equal Pay Day, the urgency for Pay Transparency is underscored as companies grapple with the complexities and concerns surrounding openness in salary structures.
