- CEO Thomas Vollmoeller: All corporate activities to come under the umbrella of New Work
- New Work product portfolio for a better working life
- XING brand to remain in place
Hamburg, 11 February 2019 - XING SE, operator of the leading online business network in German-speaking countries, is planning to change its name to New Work SE. The Executive Board and Supervisory Board agreed on this change last year, with the proposal to be put forward for approval at this year’s Annual General Meeting (AGM) to be held at the beginning of June. The reason for the change of name is the fact that for several years now, the company has been pursuing its vision, for a better working life. To this end, XING SE organises the New Work Experience (NWX), a leading event all about the future of work, every year which is now held at the Elbphilharmonie in Hamburg. XING SE offers a wide range of products and services to help customers work in ways that suit their personal way of life. The well-known product brands XING, kununu, InterNations and Prescreen will remain in place after the name change, meaning that members and users will not see any change to their products and services.
CEO Thomas Vollmoeller: All of our business activities under the umbrella of New Work
Thomas Vollmoeller, CEO at XING SE, said: “Over the last few years we have adopted a clear stance in pursuit of our vision, for a better working life. We help our members benefit from the sweeping changes taking place on the German-speaking labour market. We help them to work how they want to, in ways that suit their personal way of life. Our New Work Experience event serves as a platform for discussing an increasingly important topic, the future of work. As such New Work acts as a guiding principle for everything we do as a company. By changing our name, we intend to ensure that all of our business activities come under the umbrella of New Work.”
New Work product portfolio for a better working life
The many products that XING and its subsidiaries provide already contribute to New Work with kununu, for example, enabling employees to rate and review employers, in turn fostering transparency on the labour market. XING Jobs offers members the opportunity to look for vacancies based on New Work criteria such as flexible working hours, options to work from home or bring their dog to the office. Vacancies listed in XING Jobs offer salary ranges so prospective applicants know what they can expect to earn if they apply. This in turn enables applicants and employees to negotiate salaries with employers on an equal footing. Thomas Vollmoeller added the following: “We believe that work should no longer be a chore and a tedious aspect of life. Instead, it should be an important part of life that people are happy to identify with. This is precisely why we help people to achieve a better working life, and this will soon be reflected in our new company name.”
XING provides corporate clients with E-Recruiting solutions, a set of New Work tools which recruiters can use in today’s labour market defined by digitalisation and a lack of skilled workers to identify and get in touch with the best talent, meaning that XING members stand to benefit as well. Thanks to XING’s modern employer branding offerings, employers are also able to showcase their business and draw the attention of top talent.
XING does not just pursue its vision, for a better working life, in the form of its products. It also sees itself as a key driver of the discussion surrounding the future of work. To this end, in 2013 XING introduced the New Work Award, which is conferred each year on companies with pioneering New Work concepts. This year saw more than 200 companies, teams and New Workers submit projects, which is the highest participation rate to date. XING also organises the New Work Experience, the largest event on the future of work held in German-speaking countries. This year’s event marks the third time it has been held. As tickets for the event have already sold out, some 1,800 guests will congregate at the Elbphilharmonie in Hamburg on 7 March 2019. At the end of 2018, XING marked its 15th birthday by cooperating with the well-known trend researcher Professor Peter Wippermann to look into how we are going to work in the future. This resulted in the New Work Trendbook, which covers 15 main trends that will have a major influence on the world of work in years to come.
XING brand to remain in place
The planned renaming of the company is subject to approval by shareholders at this year’s AGM to be held on 6 June. Following this approval, New Work SE will be entered into the commercial register as the company’s new name and umbrella for all of the company’s activities in pursuit of the for a better working life vision. Widely recognised, XING will remain the central product brand, with the kununu, Prescreen and InterNations brands also being retained.
The leading online business network in German-speaking countries accompanies its members through the sweeping changes taking place in the world of work. Against the backdrop of skills shortages, digitalisation and a shift in values, XING supports more than 15 million members in reconciling work and private life as seamlessly as possible. Members can use XING Jobs to look for vacancies to suit their individual needs, stay up to date with news on XING, join discussions, and find out about the changes and trends in the new world of work on nwx.xing.com. At the beginning of 2013, XING strengthened its position as a market leader in social recruiting by acquiring kununu, the market-leading platform for employer ratings in German-speaking countries. XING was established in 2003 and has been listed on the stock exchange since 2006. It has been listed in the TecDAX since September 2011. XING members interact in around 90,000 groups or network in person at one of over 130,000 professional events each year. XING has offices in Hamburg, Munich, Barcelona, Valencia, Porto, Vienna, and Zurich. Visit www.xing.com for further details.