According to Dr Jonathan Trevor it's time to revisit the management of pay. Instead of using it to leverage value, it should be approached as a risk with the primary focus on protecting value.

In his paper 'From New Pay to the New, New Pay' Dr Trevor lays out some principles for consideration by the business and human resources communities. These include the suggestion that pay is an enabler not a driver and that it's like plumbing: it should matter only when it goes wrong.