New Pay is suitable for every type of company
Posted: Tue Feb 11, 2025 6:15 am
Hornung adds that traditional compensation consultancies often apply general standards to a company that are based on assumptions about how a company should function, but without offering customized solutions. New Pay starts right there by focusing on the individual needs of the company and its employees.
Stefanie Hornung: “The advantage of New Pay is the very individual approach, in which the culture of the company is the focus. This should help organizations to make compensation an adaptable instrument. This creates more willingness to work in a participatory and different way than in the past.”
When people think of New Pay, they first think of trendy startups where employees walk around the office in jeans, T-shirts and sneakers with their laptops under their arms and drink organic, fair-trade gluten-free lemonade. This cliché has south africa telegram data long since ceased to hold, as Stefanie Hornung knows. More and more traditional, medium-sized companies are approaching the experts in search of new solutions for modern compensation models. New Pay is not only suitable for companies that are already aligning their corporate structure with the New Work approach and are more "we"-oriented, but also for other organizations, says the journalist.
Stefanie Hornung reports on which companies New Pay is suitable for
"We have proven that the New Work concept requires New Pay," says Franke. "Conversely, New Pay does not necessarily require New Work." This means that New Work does not have to be implemented in a company to enable New Pay. This ensures that basically every company - whether a traditional manufacturing company or a tech group - can develop a New Pay model without having to fully commit to the New Work trend.
Stefanie Hornung: “The advantage of New Pay is the very individual approach, in which the culture of the company is the focus. This should help organizations to make compensation an adaptable instrument. This creates more willingness to work in a participatory and different way than in the past.”
When people think of New Pay, they first think of trendy startups where employees walk around the office in jeans, T-shirts and sneakers with their laptops under their arms and drink organic, fair-trade gluten-free lemonade. This cliché has south africa telegram data long since ceased to hold, as Stefanie Hornung knows. More and more traditional, medium-sized companies are approaching the experts in search of new solutions for modern compensation models. New Pay is not only suitable for companies that are already aligning their corporate structure with the New Work approach and are more "we"-oriented, but also for other organizations, says the journalist.
Stefanie Hornung reports on which companies New Pay is suitable for
"We have proven that the New Work concept requires New Pay," says Franke. "Conversely, New Pay does not necessarily require New Work." This means that New Work does not have to be implemented in a company to enable New Pay. This ensures that basically every company - whether a traditional manufacturing company or a tech group - can develop a New Pay model without having to fully commit to the New Work trend.