How changing workforce demands are driving pay transparency but adding complexity

Workplace savers are getting much-needed help from a Money and Pensions Service-inspired coalition of employers, policymakers and industry stakeholders intent on tackling a persistent problem.

On paper, many organisations can appear stable. Headcount is holding, turnover respectable and retention figures suggesting a steady and engaged workforce. A more complex reality, however, may be hiding under the surface.

With an ageing workforce and a state pension age continuing to go up, more employees are working into their 60s, putting pressure on benefits professionals to make better decisions about MSK support.

Recognition is one of the few areas of an employee reward strategy that can influence trust, performance and retention.