Insights : Innecto Reward Consulting

Category: Reward Strategy

Six tips to test the transparency of your reward and benefits communication strategy

Employee engagement | Communications | Reward Strategy | Transparency

Perceptions of unfairness in reward, regardless of whether there is any truth behind the perception, can be extremely damaging to the culture and productivity of a business, so how can we test the transparency of our communication? Cathryn Edmondson offers six ways you can try.

Posted by Cathryn Edmondson on
01 April 2021

What are the essential elements of a responsible reward strategy for both executives and employees?

Reward Strategy | Responsible Reward

As we lead into 2021, you should consider a renewed focus on your reward strategy – looking with a fresh lens at how you make sure your reward is better aligned to the needs of your employees, your business and the wider society you operate in.

Posted by Justine Woolf on
28 January 2021

Reframing reward post-COVID: create a foundation for recovery and growth

Moving from reactive to proactively assessing current state against the future aspiration will place HR in control and will enable space to create a compelling, effective and sustainable people strategy that can support the business to transition from the recovery phase to the growth phase. Sarah Lardner explains how.

Posted by Sarah Lardner on
07 January 2021

Why diversity and inclusion should be influencing your reward strategy

Equal Pay | Reward Strategy | Diversity | Ethnicity Pay Reporting

Whilst it is tempting during this period of uncertainty to invest less time in addressing diversity and inclusion initiatives, the consequences of placing them on the back burner are far reaching. Emer Bucukoglu suggests a few pointers to ensure you don't take your eye off the ball.

Posted by Emer Bucukoglu on
17 December 2020

HR's Christmas to-do list

Pay & Reward | Reward Strategy | Planning Ahead

With just over a month to go until the festive season is upon us, amid the gift buying and decorations your thoughts might also turn to the end-of-year to do list for HR. Judith Moore suggests a few things you should be considering during this period to make sure you are ahead in 2021.

Posted by Judith Moore on
19 November 2020

How responsible reward practices are shaping performance and incentive strategies

Performance Management | Reward Strategy | Performance | Responsible Reward

Changes in the design of incentive plans, with the inclusion of more diverse measures in the form of ESG metrics can demonstrate a focus on long term sustainability. Justine Woolf looks at how HR can make responsible reward work for their business.

Posted by Justine Woolf on
09 September 2020

Download the Fast Growth Playbook

Free to download, our Fast Growth Playbook has been designed specifically for organisations that are growing at pace, and are having to regularly make rapid decisions to ensure long term success.

Posted by Cathryn Edmondson on
03 September 2020

Three considerations when setting employee performance targets, pay and bonuses in a volatile market

How do you balance doing the right thing by your employees in terms of bonus and commission when business performance is not where you expected it to be? This is a hard question to answer and there will not be one approach that works for every business. However, there are questions all businesses can ask themselves to help navigate the challenges with performance targets and variable pay.

Posted by Cathryn Edmondson on
19 August 2020

Short term vs long term effects of COVID-19: should you change your reward and benefits strategy for 12 months, or five years?

Reward Strategy | Covid-19

The question over whether to make short or long term changes to reward strategy is a question facing many HR and Reward professionals during these unprecedented times. There has been a lot of talk over the last few months about when things will get back to normal but how likely is it that things will just go back to the way they were, either in the short term or the long term?

Posted by Cathryn Edmondson on
05 August 2020

Building a Personalised Story - an open letter to HR

Reward Strategy | Employee Experience

In the second of our open letters to HR series, Sarah Lardner suggests ways in which your organisation can build a reward architecture designed to retain and recruit the right talent to achieve your strategic goals, by personalising your employee deal to the power of one.

Posted by Sarah Lardner on
05 August 2020

What got you here, won't get you there - an open letter to HR

Reward Intelligence | Pay & Reward | Pay Structure | Reward Strategy | Productivity

The first in our series of open letters to HR, Sarah Lardner discusses how HR leaders in well-established organisations need to be looking at the journey ahead, to make the business irresistable to talented employees and to stand out amongst competitors.

Posted by Sarah Lardner on
29 July 2020

Coronavirus: innovative ways employers can adjust pay and contracts to save jobs

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.

Posted by Sarah Lardner on
28 April 2020

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