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Innecto report: Quarterly pay and reward insights

This quarterly report from Innecto Reward Consulting draws together the latest insights on pay and reward across a range of sources. It outlines the current analysis and the future forecasts based on available data to support employers.

This report provides insights for pay planning and forecasting in 2023 following research carried out among organisations across the private, public and not-for-profit sector. 

The challenges faced in 2022, including rising inflation and a tightening labour market continue to dominate the reward agenda in 2023. Forecasts suggest higher pay increases are planned to ensure the attraction and retention of talent across all sectors with organisations widening their approach beyond solely pay, to support the cost of living challenges faced by their workforce.

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