Pay transparency has been a hot topic in recent years, with many organisations considering the benefits and challenges of sharing employee salary information. Proponents argue that pay transparency can improve employee engagement, reduce the gender pay gap, and increase trust in the organisation. However, some
As a guest on CIPD Podcast hosted by Nigel Cassidy, I share my experience and views on the topic of pay transparency. In this podcast episode, we explore the importance of pay transparency in a business and how it can combat existing pay inequalities and
Often, when a business thinks about a reward scheme, its first thought is attractive remuneration and incentive bonuses. But that doesn’t have to be the only card up your sleeve. A far better approach is to offer a total reward strategy which goes beyond monetary
Let’s talk sales incentives and bonuses. Known to be big drawcards for certain roles, both sales incentives (commission plans) and annual bonus schemes offer pay above and beyond a fixed base salary. When designed in the right way, they can be an affordable way to
How To Motivate Execs: Executive Compensation That Sticks Executives set the direction for the company, influencing culture, productivity, profit, and results. So, it stands to reason that attracting and retaining top talent for these roles is a critical component of a successful business. You need
Bonus schemes can be a powerful and cost-effective mechanism to keep your employees engaged in their work and motivated to complete their roles to a high standard. However, they are often ineffective for a whole range of reasons – too complicated, unrealistic targets, unfair or
As the old saying reminds us, you can’t compare apples to oranges. The same applies within many organisations. Especially ones who have diverse operations – various sectors, multinational branches, regional differences, or involvement in different sectors. Regardless of the company, the same question keeps arising
The Great Resignation is a phrase first coined in the US, describing a seismic shift in the US labour market, driven by a record number of resignations in late 2021. We’ve adopted the phrase here in the UK, though we should probably also remember that,
Pay transparency is a hot topic in the UK, with gender pay gap reporting regularly in the news, CEO pay ratio reporting a recent legal requirement, ethnicity pay gap reporting under consultation in the government, and the never-ending debate about putting salaries on job ads.
I recently attended an excellent webinar hosted by The Global Institute for Women’s Leadership on how to push for progress on the UK’s gender pay gap. It covered research about the current state of the gender pay gap and steps businesses should take to address
