Description

“The way we work today” – is many times the beginning of a story that talks about the increasing need for collaboration and cooperation. We lead with trust; we value transparency, and we fail forward. We bring people together. “The way we pay” on the other side is an old fairy tale about market value, individual negotiation skills and confidentiality. We often lead with policies, we value secrecy, and we keep things save. We focus on the individual and his/her package. New Pay describes a process to design a compensation framework that fits the corporate culture – by inviting its members to participate in the design of the pay model, and to ensure the framework is in balance with the company’s structure, its definition of value creation and its path toward innovation and growth. The New Pay Collective has for many years researched, witnessed, tested and prototyped modern and somehow unique pay models that have several traits in common: Participation – Transparency – Permanent Beta – We-Thinking – Fairness – Self-responsibility – Flexibility In this session we will share some of the (modern) pay models out there. Not to use them as blueprints, but rather to inspire you to engage in the design of your own pay model.