At some point the way 'new organisation' was created from the 'current employer' field on New Individual was changed/improved/updated.
If no match is found now (4.6/4.7) you can use a 'new organisation' link to create one. But having typed the name in to the 'current employer' field, the pop up then appears with the Organization Name field empty and it has to be retyped.
Seems like a functional regression since in the past you would type in the name only once.