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?
Managing Pay Review – Five key areas for HR to address
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.
Taking the Pain out of Pay Review
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.
Three essential areas to address around pay gaps and equality
Equal Pay | Equal Pay Audits | Pay Structure | Pay benchmarking | Job evaluation | Pay Review
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.
How to provide adjustments without breaking existing pay structures
Pay & Reward | Pay Structure | Pay Review | Reward | Pay Data | Cost of Living
Linkedin is an extremely powerful tool for engagement but it is creating new headaches for employers already struggling in a tricky market.
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.
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.
Pay Review: Not Just An Annual Event
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.
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.
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.
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.
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.