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Pay, Roles, Current Issues and the Pandemic

Written by John McGill on September 11th, 2020.      0 comments


Written by John McGill on September 11, 2020.

The dramatic fall in economic activity as a result of the pandemic has changed much of the debate around pay.

Topic: Articles
 

Overall gender pay gap is 17.7% in NZ

Written by Cathy Hendry on September 7th, 2020.      0 comments


Written by Cathy Hendry on September, 07 2020.

This article was published on hcamag.com. 

Pay Equity is an important issue that has been a key focus for many businesses and governments over the past few years.

As we move into a world changed by the Covid-19 pandemic, we understand that in times of crisis business focus may change and addressing pay inequity may move down the priority list. But this is still an important issue to be addressed, in some ways now more than ever.

Topic: Articles
 

Emerging Trends in Retention, post-Covid

Written by Alex Botha on September 3rd, 2020.      0 comments


Written by Alex Botha on September 3, 2020.
 

While common strategies for employee retention have proven tried and true, there are some clear winners post-Covid that are likely to be front of mind for many employees...

Topic: Articles
 

Covid-19 Burnout

Written by Hannah Jackson on August 31st, 2020.      0 comments


Written by Hannah Jackson on August 31, 2020.

As New Zealand progressed through the different levels and eventual lockdown period, we’ve seen a rise in professionals experiencing burnouts. With the increased frequency of zoom meetings and new ways of working, more than seven in 10 professionals are suffering from burnouts as a result of the global pandemic.
Topic: Articles
 

Pay Equity: Analysing the Gender Pay Gap in New Zealand

Written by Strategic Pay on August 18th, 2020.      0 comments


Posted Tuesday 18 August 2020 by Strategic Pay.

Our analysis shows that there is an overall gender pay gap of 17.7% in New Zealand! More than ever before, it is imperative that organisations examine the gender pay gap within their organisation. From our experience there are several broader human resources and employment practices that employers need to investigate and address if they really want to close the gender pay gap in the longer term.
 

Where do we go from here: Understanding pay in a vulnerable economy?

Written by John McGill on August 14th, 2020.      0 comments

Written by John McGill on August 14, 2020.

Remuneration Commentary from Strategic Pay

Where do we go from here: Understanding pay in a vulnerable economy?

On the surface dealing with remuneration and remuneration related issues during the current pandemic should be straightforward: cost structures are under enormous strain, jobs are clearly on the line across the board, and for many organisations their very survival is at stake so pay related matters will take a back seat. Right?

 

Why retention? Why now?

Written by Alex Botha on July 29th, 2020.      0 comments


Written by Alex Botha on July 29, 2020.

Why retention? Why now?

As world economies continued to rebuild following the Global Financial Crisis in 2008 and business confidence grew, we started to see an influx of new jobs, new technologies and an increasing HR focus on attraction; how do we recruit the kind of talent that will see our business deliver on its strategic goals?  The world post-Covid is seeing a whole new landscape emerge.

Topic: Articles
 

2020 Incentives in the Covid-Era

Written by Alex Botha on July 13th, 2020.      0 comments


Written by Alex Botha.

What do you urgently need to know about incentive schemes right now?

As we begin to adjust to our new “normal” and get some of the immediate HR/H & S practicalities sorted, some of the questions now facing employers relate to incentives schemes.  For some, it was simply a question of whether to pay out incentive payments for the 2019/2020 financial year, while for others it’s a bigger question about whether their incentive scheme is still fit for purpose in the post Covid-19 era.

Topic: Articles, Covid-19
 

Approaching a Restructure

Written by Christine Whelan on July 6th, 2020.      0 comments


Written by Christine Whelan on July 07, 2020.

Restructuring – a word that no one, employer or employee likes to hear. And yet recently, in the midst of the Covid-19 pandemic, it’s a word we’ve been hearing on a regular basis. Unfortunately, as the Government employer subsidies come to an end it’s a word, we’re likely to hear even more over the next few months.

Topic: Articles
 

Annual Salary Reviews in times of Crisis

Written by Lyn Brieseman on June 23rd, 2020.      0 comments


Written by Lyn Brieseman  on June 23, 2020.

At Strategic Pay, we know money is tight given the current environment, and restraint during the annual salary review will be required in most organisations. Our experience with remuneration and rewards indicates that instead of across the board increases (including zero increases), organisations should be targeting specific groups. With highly restrained pay review budgets, alternative approaches to the annual salary review will need careful thought and complex modeling to ensure the limited budget is distributed appropriately.

Topic: Articles, Events