Insights : Innecto Reward Consulting

Category: Pay Review

11 Steps to boost your Sales Incentive Scheme

For a sales team to perform and achieve at an optimum level, it needs three things: a well-designed sales plan; data and insights for forecasting, planning, and aligning their efforts to the business’s goals; and the tools to enable performance (training, environment, culture and CRM systems). Too often we see bonus schemes that are over-engineered, hard to understand and ultimately demotivating, so how can you review your current plans?

Posted by Sarah Lardner on
26 May 2023

Managing Pay Review – Five key areas for HR to address

Pay Review | Advance

When it comes to Pay Review, HR can often find themselves losing valuable time in complex manual processes and ultimately without the tools they need to make informed decisions. Here are five common areas of concern where Innecto's Advance tool can almost certainly help.

Posted by Spencer Hughes on
24 February 2023

Taking the Pain out of Pay Review

Pay Review | Advance

Pay Review time has arrived again and for many at the moment it feels like a continuous process: an uphill treadmill of pressure, budget crunching and scenario re-modelling.

Posted by Sarah Lardner on
27 January 2023

Three essential areas to address around pay gaps and equality

Instances of unequal pay can manifest all too easily, but they can also be guarded against by putting checks and balances in place and maintaining those with regular auditing. My three main areas to focus on when considering pay gaps and inequality are pay structures, annual pay review and pay policy.

Posted by Emer Bucukoglu on
02 September 2022

How to provide adjustments without breaking existing pay structures

Linkedin is an extremely powerful tool for engagement but it is creating new headaches for employers already struggling in a tricky market.

Posted by Emer Bucukoglu on
14 July 2022

How to mitigate pay pressure, especially in hard to recruit sectors

Pay Fairness | Pay & Reward | Pay Progression | Pay Review | Pay Data

The current cost of living crisis is bringing with it a whole new wave of pay pressure for employers, but traditionally pay pressure can arise when you have an urgent need for hot skills.

Posted by Lisa Trewhitt on
07 July 2022

How can HR technology support your annual pay review process?

HR software | HR Technology | Pay Review

Having to juggle multiple spreadsheets is one of the main pain points of pay review but the introduction of HR technology to support the process and not only make life a little easier, but also to help you work more efficiently and effectively at pay review time and throughout the year.

Posted by Lisa Trewhitt on
13 May 2022

Pay Review: Not Just An Annual Event

Pay Review

Just as we have seen organisations move away from the formal annual performance appraisal to more regular conversations around performance, we are also seeing organisations move away from pay review being an annual event to more frequent, agile approaches. Alastair Cole reviews the methods available.

Posted by Alastair Cole on
05 May 2022

What is base pay in your organisation?

Pay Fairness | Pay & Reward | Pay Structure | Pay Review

There are many ways to manage a pay review budget and approach pay progression. However, before we start thinking about the pros and cons of those different approaches, it is important first to be clear about what Base Pay is for in your organisation.

Posted by Cathryn Edmondson on
29 April 2022

What are the key factors affecting executive pay strategies in 2022?

Executive Pay | Executive Compensation | Executive | Pay Review

We know only too well the challenges with wage inflation and hiring of talent right now. Whilst we may think this predominantly impacts low to mid-level roles, the reality is, the same issues extend to Executive level roles too.

Posted by Sarah Lardner on
17 March 2022

Three key features your pay review software must have

Pay Review | Advance | Pay Data

The painful pay review process is leading many HR teams to look for software to handle the heavy lifting - if you are considering implementing a software solution for your next pay review, make sure you pick one that has these three must-have features.

Posted by Mark Macoun on
03 February 2022

Maximising your pay pot spend

Pay & Reward | Reward Strategy | Pay Review | Advance

Pay review and annual bonus review are notorious for being the busiest and most pressured time for HR teams. Working through the pay review process as well as keeping a company-wide perspective can be a real challenge.

Posted by Sarah Lardner on
26 January 2022

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