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Category: High Inflation

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

Sarah Lardner | 11 August 2023

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.

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

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AQA

As an organisation with roots in the university sector, AQA’s reward structures were based on legacy arrangements, providing short incremental progression routes before roles became ‘stuck’ at the top of the pay range....

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