Seven Strategies for rewarding High-Potential Employees

Reward | Variable Pay

Employees with high potential are worth fighting to keep and the best way we can do that is by setting out and communicating a reward framework that is able to measure and reward them with both salary and variable pay. Here are my seven key points.

2024 Paris Olympics – The value of a medal and the changing landscape of incentive and recognition

Reward

With Paris 2024 behind us, the postmortems will now begin on the world’s grandest sporting fortnight, including Olympic medal hauls, new-found global recognition and, for some, prize money.

How to ensure your reward strategy enables progression and supports careers

Reward Strategy | Reward

When setting out to design a reward strategy, many companies will start with their core principles which tend to be fairly generic in nature: ‘We will reward people for the work they do and how well they do it’. ‘We will stay competitive in the market’.

The Value of a Medal - what can we learn from the Olympics?

Employee engagement | Recognition | Reward

Sunday marked the close of the Paris 2024 Olympics and the shift of everyone’s attention back away from celebrating Team GB’s successes against the medal table. But what people don’t realise is that the Olympics can teach us a lot when it comes to recognising and rewarding employees at work.

Ways to create a fair approach to reward and benefits for parents and non-parents

Reward

Parents are important, but employees without children must not be neglected when implementing rewards and benefits packages

Reward Accessibility - What can we do to make it better?

Reward

Nowadays employment benefits are no longer seen as a ‘nice to have’ but as an essential part of the total reward package. Sometimes they can even be the deciding factor in recruiting or retaining talent when compared with competitors. Here are some key points worth considering when looking at making our reward offerings as accessible as possible.

Unlocking Happiness at Work: The Role of Reward and Recognition

Reward

In today's fast-paced business world, the pursuit of hard targets and productivity can often out-muscle the more intangible, softer benefits to be derived from a happy workplace.

Seven Key Pay and Reward Trends in 2024

Reward | Pay

Navigate the complex landscape of pay reviews in 2024 and beyond with Innecto's expertise.

It’s not all business! Our Pick of the Best Podcasts from 2023

Reward | Podcasts

REBA: Reward & Compensation - What are the longer-term implications of high inflation on reward strategies?

Reward Strategy | Reward | High Inflation

The ongoing disputes around pay this year have led to months of strikes across the public sector and have been a significant barometer in a tempestuous year. The impact of the cost-of-living crisis has been catastrophic for many workers in terms of their spending power. Organisations across every sector have come under pressure to respond as employees seek higher salaries in a competitive recruitment market.

Reward and recognition: Are you making the most of your recognition programme? How to make it work harder to boost engagement

Recognition | Reward Strategy | Reward

In the current climate a sound Recognition Strategy is a really good way to keep employees motivated and engaged. If companies cannot afford ad hoc pay increases – and many cannot – recognition can reward staff in a way that encourages positive behaviours and reflects the company’s culture. But how can you ensure that your Recognition scheme is achieving its potential?

How to use your reward strategy to support good performance

Performance Management | Reward Strategy | Performance | Reward

Every client we have is likely to want some kind of high performance culture, but where some fall down is by not making it clear enough what high performance means. For some it leans towards performance outcomes and specified KPI’s, for others around driving workers’ skill development and competency levels. It is very difficult to properly align your reward to support performance, whatever it is, without first knowing what this means to your organisation, and then getting real clarity around the purpose of each aspect of your reward suite.