This is an introduction session that offers a practical and interactive glimpse into the world of New Pay. We will cover the basics of New Pay, which include the 7 dimensions found in any modern compensation framework, as well as examples from companies who went down the road towards a new pay structure and system.
New Pay represents a new mindset in the domain of reward management. While compensation & benefits practices orbit around the analytical side of rewards and pair this with lean processes, New Pay dives deeper into the subject of pay. We look at two sides of the coin – the system and the people.
We do not copy-paste, we engage and ask questions. That's why we bring up contrasts between the organizational design, leadership styles and the compensation model.
What can you expect?
We'll cover these topics:
Why we need a new approach to compensation and rewards
Which modern and innovative frameworks and approaches already exist in practice
Where you can find direction and orientation when designing your own salary systems
Why New Pay is more than just revisiting the current reward system
How every organization can get started
What might be the right approach for you
What's your question?
This format is suitable for you if you want to dive into the New Pay world. This is an interactive session. We welcome your thoughts and ideas – come open minded and engage with our community. We are looking forward to meeting you!
How do we learn together?
We'll meet in Zoom and work with a miroboard. You will receive all materials and/or links during or after the meeting. This course will be held in English. If you have any technical questions in advance, feel free to contact our colleague Anna.
About the instructor
Sarah is a genuine New Pay practitioner. She deals with benefits and develops compensation criteria in New Pay style together with participants. She also brings New Pay to the English-speaking world.