In January this year, we ran our salary planning survey in order to provide fresh insights on salary increase plans for 2021 and changes since our last survey in August 2020.

Headline figures

Key points to consider

As a result of greater budgetary restraints we are observing an increased level of control and scrutiny in different areas of reward, especially annual pay increases, in-year awards and promotion related increases.

When managing reward in this environment there are three key things to keep in mind:

1. Keep reward fair by having well-thought-out principles to guide reward decisions and to ensure these decisions are consistent across the organisation.
2. Ensure you have a well-articulated EVP to help employees see reward in the wider context of the 'employee deal’. This in turn will relieve pressure on pay and can have a positive impact on engagement and retention.
3. Make the most of recognition to show employees that their contribution is valued and that the organisation is committed to keeping their workforce engaged.

If you need an extra pair of eyes or hands to help you shape your plans, just get in touch.