Successful implementation of New Pay in the company: The top tips from the experts
Since New Pay is a highly individual and tailored approach, it is difficult to make recommendations that apply to every company. Nevertheless, in their collaboration with numerous companies, Stefanie Hornung, Nadine Nobile and Sven Franke have repeatedly observed some steps that have proven to be best practices.
In the expert's opinion, employees usually assume a high level of responsibility, are highly cost conscious and do not make unrealistic demands on management.
Does SME want New Pay?
Many organizations are realizing that the compensation systems they use are no longer effective south africa telegram data because the environment in which they operate is changing very quickly. We are also experiencing a shortage of skilled workers and inflation at unexpected levels. This leads to uncertainty and questions that companies must answer. According to Franke, traditional compensation models cannot provide these answers. Why not? "The solution to a rising inflation rate of, for example, 10% in a traditional system means that wages must be increased by 10%," he explains. However, very few companies can afford that. That is why a different approach is needed, in which transparency towards employees plays a major role.