Insights : Innecto Reward Consulting

Category: Pay Transparency

Pay Transparency Series - Part 3: the Path to Pay Equity

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.

Posted by Sarah Lardner on
25 July 2024

Part 2 - What does Pay Transparency mean to me as an employer?

Pay Transparency

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.

Posted by Sarah Lardner on
17 July 2024

Pay Transparency Series – Part 1: Legislation and Mindset for a changing world

Pay Transparency

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.

Posted by Sarah Lardner on
09 July 2024

Pay Transparency: Benefits and Challenges

Pay Transparency

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.

Posted by Sarah Nash on
20 June 2024

How to streamline pay review and take away the pain

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.

Posted by Holly Coe on
29 May 2024

Pay Benchmarking: Best Practices and Strategies

Pay Transparency

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.

Posted by Lisanne Winter on
02 May 2024

Going beyond the headlines - what can we do to improve our pay gaps?

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?

Posted by Genni King on
05 April 2024

Greater Pay Transparency is coming – How to ensure you have an equitable and gender-inclusive approach to pay and bonuses

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.

Posted by Simon Cook on
30 November 2023

Pay Transparency Spectrum – the way forward

Pay Transparency

The trend towards Pay Transparency does seem to be gaining traction, partly because of landmark legislative events and partly due to a new generation of workers demanding greater openness and fairness.

Posted by Justine Woolf on
21 July 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

Pay Transparency – how far will you go?

Pay Transparency

I have been supporting clients with implementing new approaches to pay for many years, and I have noticed a consistent desire to achieve pay transparency. However, I have also noticed that transparency means different things to different organisations.

Posted by Sarah Lardner on
24 March 2022

Back to School! The nuances of how Teachers are paid

Pay Transparency | Pay Fairness | Equal Pay | Measuring pay

Teachers are a good example of a variable or irregular work pattern, so how can you handle transparency in roles that don’t work your typical nine to five, and how can these roles be fairly and equally compared with the traditional Monday to Friday workforce?

Posted by Sarah Nash on
10 September 2021

Insights

Insights

Category: Pay Transparency

Pay Transparency Series - Part 3: the Path to Pay Equity

Part 2 - What does Pay Transparency mean to me as an employer?

Pay Transparency Series – Part 1: Legislation and Mindset for a changing world

Pay Transparency: Benefits and Challenges

How to streamline pay review and take away the pain

Pay Benchmarking: Best Practices and Strategies

Going beyond the headlines - what can we do to improve our pay gaps?

Greater Pay Transparency is coming – How to ensure you have an equitable and gender-inclusive approach to pay and bonuses

Pay Transparency Spectrum – the way forward

Our Quarterly Insights are here - Pay Transparency Special Edition

Pay Transparency – how far will you go?

Back to School! The nuances of how Teachers are paid

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