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Category: Pay benchmarking

Making a merit-based pay model work for your business

Pay Transparency | Performance Related Pay | Pay Fairness | Pay & Reward | Pay trends | Pay framework | Pay Progression | Pay Structure | Reward Strategy | Pay benchmarking | Pay Review | Mosaic

With newly qualified lawyers preparing to join their new employers shortly, many law firms are in the process of reviewing their pay bands and pay structures. Once again, the discussion surrounding the benefits and drawbacks of the traditional PQE-based pay model have begun, and the merits of alternative pay models, have been reopened.

Posted by James Bigus on
10 June 2019

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6 steps to maximise value of pay benchmarking

HR Reward | Pay Transparency | Reward Consultancy | Pay Fairness | Good data | Employee communications | Analytics | Salary survey | HR Technology | PayLab | 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

Read moreEmer Bucukoglu

The myth of market rate

HR Reward | Pay Transparency | Reward Consultancy | Pay Fairness | Gender Pay Reporting | Good data | Measuring pay | Salary survey | Pay benchmarking

Do you pay the market rate for your jobs? Chances are you think you do, but how do you know? Pay benchmarking expert Sarah Nash takes you through getting the most accurate result, as well as how to establish if your pay is fair.

Posted by Sarah Nash on
15 January 2019

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Older & wiser? HR lessons from ‘mature’ businesses

HR Reward | Reward Consultancy | Analytics | Global mobility | Fast Growth | Agile working | Culture | Pay benchmarking

We work with many organisations where HR struggles to realise its full value to the business. Innecto's Sarah Lardner explores some of these common challenges, as well as solutions to make HR into an operational powerhouse.

Posted by Sarah Lardner on
04 December 2018

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3 ways to manage National Living Wage increases

HR Reward | Reward Consultancy | Performance Related Pay | Reward Intelligence | Benefits intelligence | Analytics | National Living Wage | Low Pay | Pay Progression | Pay benchmarking | Reward

With the NLW on target to reach nearly £9 an hour by 2020, it’s vital to work out how you’ll absorb such a large hike in your wage bill over the next two years. Here’s 3 ways to manage the increase and make your pay pot go further.

Posted by Alastair Cole on
23 April 2018

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Now that’s what I call blogs! 2017’s greatest hits

CEO Pay Ratios | HR Reward | Remcom | Reward Consultancy | Bonus | Remcom Mentor | Gender Pay | Gender Pay Gap | Gender Pay Reporting | Good data | Total reward | Recognition | Pay benchmarking

A blog roundup today - our most popular blogs from 2017. Well worth a re-read of your favourites, or a chance to catch up on any you've missed.

Posted by Ella Rees on
30 January 2018

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Three reasons why independent pay benchmarking benefits your business

HR Reward | Reward Consultancy | Pay Fairness | Reward Intelligence | Pay & Reward | Good data | Analytics | Pay framework | Business Ethics | HR software | Pay benchmarking | Job evaluation | Job Descriptions

It’s very easy to get caught up in personalities and performance when benchmarking a role. Benchmarking is not about how well an individual performs. So when you spend every day with your employees, it becomes increasingly difficult to focus purely on a role without letting personality, likability and performance come into play.Here are three key benefits of using an independent reward consultant: Read more here....

Posted by Sarah Nash on
13 June 2017

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6 ways to maximise the value of pay benchmarking

HR Reward | Pay Transparency | Reward Consultancy | Pay Fairness | Good data | Employee communications | Analytics | HR software | Salary survey | PayLab | 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
13 June 2017

Read moreEmer Bucukoglu
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