What is an Employee Value Proposition?
An Employee Value Proposition (EVP) is the collection of benefits an employee receives from an organisation in exchange for their work. An EVP is what the organisation gives the employee in exchange for their performance and productivity. It is broader than pay and benefits. It incorporates every aspect of the employment experience. The EVP includes the organisational mission, purpose and values, culture and people. In addition, the job, career and development opportunities. Your EVP answers these questions:
- What’s it take to:
- Attract the right people?
- Motivate your people?
- Retain these people?
- What is your company’s brand?
What is your organisation’s EVP?
Utilise the powerful software provided by our survey partner DecisionWise, so you can define your overall Employee Value Proposition. We then create specific employee profiles based on similar preferences and demographics.
An EVP project begins with conducting focus groups with your employees so that we can all understand what attracts, engages, and retains them. The key output is a comprehensive list of formal and informal benefits that are important to employees. We then conduct an organisational wide survey with the goal to rank-order these benefits and produce employee profiles.
Download a sample survey by clicking on the link here: Employee Value Proposition
Employee Segmentation Study
The DecisionWise employee segmentation study creates profiles of employees based on their benefits preferences and demographics. This comprehensive report shows why each group of employee was attracted to the organisation, stays with the company, and engages in their work.
View a sample report by clicking here: Employee Value Proposition
Leveraging your EVP
Now that you understand your company’s EVP for your employees, how do you leverage it to attract, retain, and engage the best talent? A dedicated consultant will help you to implement strategies and actions so that you can use your Employee Value Proposition as a competitive advantage. Improve your hiring process, communicate your total benefits package more effectively, and develop engagement programs that boost performance so that you gain competitive advantage. .