Insights : Innecto Reward Consulting

Category: Pay & Reward

Transact, Transition, Transform: reframing for the demands of the new world

Pay & Reward | Organisational Design | Agile working | HR Technology | Covid-19

Whilst the COVID-19 crisis was not predicted, a number of businesses were astonishingly well prepared and able to adapt with complete agility. But what comes next? Sarah Lardner reviews the actions businesses are taking to not only react to the situation as it unfolds, but to also begin to ramp up to recovery.

Posted by Sarah Lardner on
12 May 2020

Paying for performance in the not-for-profit sector Part 1

Bonus | Performance Related Pay | Pay & Reward | Pay Structure

Those of you working in the not-for-profit sector will recognise the dilemma of paying for performance and whether it’s something your organisation should do or not. Justine Woolf looks at the concerns around introducing paying for performance that are unique to the not-for-profit sector and how they impact the options available.

Posted by Justine Woolf on
05 May 2020

Spring Webinar Series: Building Trust Through Transparency

Pay Transparency | Pay Fairness | Pay & Reward

Watch the recording of our first Spring Webinar, which sees Justine Woolf and Valerie Hughes-D'aeth discuss how organisations can rebuild trust around pay, both through the current COVID-19 crisis and beyond.

Posted by Justine Woolf on
05 May 2020

Coronavirus: innovative ways employers can adjust pay and contracts to save jobs

Many businesses right now are in survival mode, as the spread of the Coronavirus causes economic disruption akin to the 2008 financial crash. So, what are companies doing? Sarah Lardner takes a closer look at the steps business are taking to secure their business for the long term.

Posted by Sarah Lardner on
28 April 2020

Planning for the Other Side

Senior Reward Consultant Emer Bucukoglu explains why now is the time to take a considered approach to reward, review your current reward strategy and policies and explore smarter, more agile reward solutions.

Posted by Emer Bucukoglu on
09 April 2020

Get ahead of Pay Review in 2020

Happy New Year! Kickstart 2020 with Justine Woolf's handy guide to Pay Review, Performance Review and Bonus Review.

Posted by Justine Woolf on
07 January 2020

The pros and cons of increasing pay flexibility: is this the end for the weekly/monthly payroll?

Many companies are allowing a flexible approach towards payroll so employees can avoid the spiralling debt associated with payday loans. But is this a good idea in practice? Senior Consultant James Bigus takes a look at the pros and cons.

Posted by James Bigus on
19 November 2019

If budgets are squeezed how do you get the most from your pay budget? Part 3 of 3

Pay & Reward | Total reward | Reward

Sitting side by side with this question is how do you get the most out of your employees, when their pay increases are minimal or non-existent and a bonus may be out of the question? In the final part of our three-part series, we look at how the culture of your business plays a role in getting the most of your pay budget when budgets are squeezed.

Posted by Gemma Bullivant on
13 August 2019

If budgets are squeezed how do you get the most from your pay budget? Part 1 of 3

Other elements of the total reward package come into starker focus when pay budgets are tight, and across this three-part insights series we will look at how employers can leverage bonus, benefits and culture to make the most of their pay budgets, with part one focusing on creative peer-to-peer and crowdsourced bonus solutions.

Posted by James Bigus on
30 July 2019

How to give your incentives an MOT

When did you last do a health check of your incentive schemes? Far from contributing to the success of the organisation, your incentive scheme may have quite the opposite effect. Here, James Bigus looks at three factors to bear in mind when designing a new incentive scheme, or when reviewing an existing one.

Posted by James Bigus on
09 July 2019

Making a merit-based pay model work for your business

With newly qualified lawyers preparing to join their new employers shortly, many law firms are in the process of reviewing their pay bands and pay structures. Once again, the discussion surrounding the benefits and drawbacks of the traditional PQE-based pay model have begun, and the merits of alternative pay models, have been reopened.

Posted by James Bigus on
10 June 2019

The targeted approach to strategy

Have you started setting targets for this year's reward strategy? For many HRD’s & Reward professionals, it's hard to find time to go above and beyond the day job whilst keeping an eye on long term goals. Justine Woolf explains why awareness and preparation are key to managing the ebb and flow of long or short term strategic planning.

Posted by Justine Woolf on
09 April 2019

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