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Category: Pay

A Labour landslide but what does it mean for pay now we have a Labour government?

Pay

It’s been 14 years since Labour was last in power so what does a new Labour government mean for the world of work as we know it? In their manifesto Labour committed to “make work pay” and deliver a “new deal for working people” with legislation being introduced within 100 days. However, they have also committed to consulting “fully with business, workers and civil society on how to put plans into practice before legislation is passed”.

Posted by Cathryn Edmondson on
05 July 2024

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The General Election manifestos and what they mean to Reward

Advance | Pay

Ahead of the General Election on July 4, the manifestos are out and whichever party wins, it looks likely that some clear changes will come into effect that could have a major impact on the reward landscape.

Posted by Holly Coe on
20 June 2024

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How to streamline pay review and take away the pain

Pay Transparency | Pay Review | Pay

Pay review for most businesses takes place annually, usually effective at the beginning of a new financial year. When employees receive a letter or email confirming a pay change, it is a notable ‘event’ in any company’s year, and one which many people both look forward to and rely upon.

Posted by Holly Coe on
29 May 2024

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Quarterly Focus: Pay Review Lessons

Pay Review | Pay

The first quarter of the year provides the initial indications of the year ahead with January and April pay settlement announcements. With the majority of pay reviews concentrated in this early part of the year, alongside increases to the government’s minimum wage levels, it provides a clear steer for the year ahead. Drawing on our insights from across sectors from our clients, we have summarised the key lessons from this year’s pay reviews.

Posted by Simon Cook on
24 May 2024

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Going beyond the headlines - what can we do to improve our pay gaps?

Pay Transparency | Pay Fairness | Gender Pay | Gender Pay Gap | Gender Pay Reporting | Pay

It’s been 7 years since the Government introduced annual Gender Pay Gap reporting regulations for companies with 250+ employees, and whilst the national median pay gap has narrowed since then, progress has been somewhat subdued with an overall decrease of just 4%. But why is this the case?

Posted by Genni King on
05 April 2024

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Impact of National Minimum Wage changes on pay structures and how to mitigate compression

Pay

In April the National Living Wage for those aged 23 and above will increase to £11.44, a 9.8% increase from £10.42. The increase will also apply to those aged 21 and 22 who currently earn the National Minimum Wage.

Posted by Cathryn Edmondson on
28 March 2024

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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.

Posted by Simon Cook on
18 January 2024

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