White paper: Pay trends 2020
Key findings
- Following a decisive General Election, there’s a tone of cautious optimism for the economy.
- Unemployment remains at a historic low, which means having to optimise your employee deal in order to stay competitive in a tight labour market.
- Responsible reward was a key theme, with increased pressure on organisations to lead by example and have a corporate conscience.
- Pay transparency – low pay, high pay, and gender/ethnicity/disability pay – are all key areas, with organisations choosing to disclose more and more about themselves, and for good reason as investors, consumers and employees call for organisations to act in a more sustainable and accountable way.
Supplied by REBA Associate Member, Innecto Reward Consulting
The UK’s largest independent pay and reward consultancy, transforming pay into performance.
