Returns true if this object hasn't been saved yet. (In other words, no matching record exists in the database yet.) Returns false if a record exists.
isNew() <!--- Create a new object and then check if it is new (yes, this example is ridiculous. It makes more sense in the context of callbacks for example) --->
<cfset employee = model("employee").new()>
<cfif employee.isNew()>
<!--- Do something... --->
</cfif>