Insights : Innecto Reward Consulting

Category: Reward

Cost of living: A blend of measures to help navigate your way through

Reward | Flexible Benefits | Cost of Living

Post-Covid, we are experiencing the largest spike in inflation for 30 years, forecast to peak close to 11 percent in the fourth quarter of 2022. Earnings are expected to rise by six percent this year but, with prices settling at a higher level relative to incomes, real household incomes are forecast to fall by 2.5 percent in 2022. More telling still, they will probably remain 7 percent below where they were pre-Covid until 2026 or beyond.

Posted by Sarah Lardner on
22 September 2022

20 years in Reward: how the landscape has changed since 2002

Reward Consultancy | Pay & Reward | Reward Strategy | Reward

On Innecto’s 20-year anniversary, Director of Consulting Justine Woolf reflects how the landscape of pay and reward has changed since 2002.

Posted by Justine Woolf on
12 September 2022

How to use non-monetary forms of reward as an alternative to bonuses

Inadequate total compensation can be a contributing factor to people leaving their jobs and sometimes there is no magic wand that non-monetary reward can wave. Having said that, it can significantly enhance any company’s offering, allow you to express your culture and demonstrate how you would like to treat your employees. Here are some key ways to work non-monetary reward into your overall package.

Posted by Spencer Hughes on
26 August 2022

How to address the Great Resignation through employee benefits

Coming out of the pandemic, data on the Great Resignation around employee discontent and ultimately turnover is very mixed. Some organisations looked after their employees during Covid, kept them connected, allowed them to work remotely and showed concern for their wellbeing.

Posted by Lisa Trewhitt on
18 August 2022

Drive and support workplace inclusivity with reward and recognition

Reward Consultancy | Total reward | Recognition | Reward | Responsible Reward

For a company to get reward and recognition right in a way that fosters workplace inclusivity, its policies and practices need to encompass everybody regardless of age, background, gender or ethnicity. Everyone should be treated the same, with no bias. It’s a very broad piece to address.

Posted by Sarah Lardner on
22 July 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 organisations are aligning their digital strategy with their people strategy

Reward Strategy | Reward

People Strategies are often well-considered and have the approval of the Board, but implementation and deployment are overlooked and under-budgeted. Ensure your HR digital strategy is part of your people strategy for continued success.

Posted by Sarah Lardner on
19 May 2022

GUEST BLOG: How tech benefits can ease the burden on take-home pay

Pay & Reward | Reward

Most of us are feeling the pinch currently - the cost of fuel at the pumps is reaching new records regularly (despite the cut to fuel duty announced by the Chancellor in the latest budget). Gas and electricity prices are soaring with a further price increase coming in October, and the rate of inflation is at a 30-year high.

Posted by Jonathan West on
14 April 2022

GUEST BLOG: Employee Appreciation Day: Appreciate employees all year round with reward and recognition

Motivation | Recognition | Reward | Employee Experience

4th March is Employee Appreciation Day – a great opportunity to say an extra “thank you” and make your staff feel valued.

Posted by Andrew Walker on
03 March 2022

The Top Ten Things You Need to Do Now to Remain Competitive

The Great Resignation is impacting organisations across the globe, and as an employer, there are certain things that you need to be doing to remain competitive in the current marketplace. The Innecto team have pulled together their top ten sustainable suggestions that won’t break your internal systems and will support equality and fairness.

Posted by Karen Thornley on
06 January 2022

It's not always about the money: how to motivate your staff with non-cash rewards

Pay & Reward | Employee engagement | Recognition | Reward | Employee Experience

While financial motivation can certainly attract key talent to your organisation, it will not always keep it. Emer Bucukoglu suggests ways in which you can use non-monetary rewards to attract, motivate and retain staff, and improve your company's bottom line along the way.

Posted by Emer Bucukoglu on
28 August 2020

Are financial rewards still an effective engagement tool? If not, what else engages employees?

Employee engagement | Total reward | Reward Strategy | Reward

When it comes to keeping employees interested and productive, financial rewards are one piece of the jigsaw – and a critical piece – but this piece alone does not pull together the whole puzzle of the engagement conundrum. This insightful blog explores engagement and sheds light on the other options available to employers that can really make a difference to their people and achieve results.

Posted by Alastair Cole on
28 October 2019

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