Demonstrating that you have a fair and consistent approach to pay is one of the biggest issues facing organisations today. Socially we are moving to a more open and transparent world. Delivering a fair, consistent and clear approach to pay and grading is the basis for a strong people strategy that increases employee engagement and productivity.
There are various types of pay framework that work for different organisations and industries. What is important with all of them, is that employees understand how they work, where they sit within it and why. It is also the basis for creating:
Diversity and inclusion
Career and pay progression
Pay management and efficiency
Innecto supports organisations in the design and implementation of a fair pay framework that works for each individual organisation. We look at internal equity and fairness, market competitiveness and the culture of your organisation to create a pay framework that fits your DNA. We can also support the communication of your new framework so that it is understood by employees and managers.
Call us on 020 3457 0894 for an informal chat about how we can help you create a fair and transparent framework.