Corporate law firm GSK Stockmann has introduced a comprehensive new benefits package to ensure that it can continue to attract and retain the most promising associates. These benefits are focused not only on remuneration, but also include tailored part-time working models and “workation” schemes in order to support the personal circumstances of young lawyers and their desire for flexibility and personal development. By doing so, GSK Stockmann hopes to enhance its market position as an attractive employer in a lasting manner.
Young legal professionals particularly value flexibility and freedom in structuring their work day. This is why GSK Stockmann has launched the pioneering WorkGlobal@GSK programme, which will offer all associates the opportunity to work from abroad for up to 20 days per year.
Greater flexibility with part-time models
GSK Stockmann is also sending a clear message in support of career advancement while working part time. Binding part-time work models will be tailored precisely to the needs of individual employees, offering flexibility in the level of employment and making it easier to find the ideal model for different phases of life. This initiative demonstrates the firm’s commitment to the principle that working part-time and pursuing a career are not mutually exclusive.
Higher starting salaries and performance-based remuneration
In addition to the new options for structuring working hours, the firm has also increased its starting salaries. With effect from 1 January 2024, associates receive an increase of 5,000 euros, while senior associates can earn as much as 10,000 euros more per year. In addition, the firm will be introducing performance-based remuneration from the first year of employment, meaning that new lawyers can earn up to 140,000 euros. The firm’s more experienced associates, who have come to play an increasingly important role in advising on complex legal issues, will see their total remuneration increase to up to 180,000 euros. The proportion of performance-based payments is linked to clear expectations regarding the achievement of set targets and is therefore transparent and predictable.
“Our new benefits package offers our employees and potential employees a modern, open and flexible work environment that creates space for further development,” says Oliver Glück, Managing Partner at GSK Stockmann. “In 2024, we will continue to work on further elements of our HR policy to become even more attractive as an employer – with clearly defined expectations and freedoms for our employees.”
