Introduction
In the modern world where employees are considered as an asset,
it is not all about the salaries and the allowances. Only 12% of the employees
leave an organization for a better pay check, some leave because of the
organization culture, some because they look for a better career path
While it should be accepted that an organization cannot
satisfy all its employees, there should be a good Employee Value Proposition
(EVP) which keeps the majority of them satisfied. EVP is the benefits given to
the employees in return for the sills, capabilities and experiences the
employee brings in
The EVP should define your organization’s essence. It should cover all the core reasons why people
work there. Some important factors such as Financial Compensation, Employment
Benefits, Career Development, Work Environment. An EVP system which is not
executed properly will create more damage than not having one.
Social Service Sector, which is non-profitable yet are
expected to provide quality service need the skilled employees to execute their
tasks. Unlike in any commercialized organization, employers get shadowed by the
term “Service” mostly when it comes to their employees. It is very important for
the employers to design a suitable and effective EVP system which will create a
good employee brand value.
Conclusion
Employee Value Proposition, is a key factor in attracting and
retaining skilled employees for an organization. Employers should pay special
attention to create a proper EVP system which suits them. The Social Service
Sector should take EVP as key component and make appropriate arrangements to accommodate
EVP.
References
Armstrong, M., 2006. Human Resource Management
Practice. Tenth ed. s.l.:Kogan Page Limited.
Shekhar, S.
& Srumita , N., 2012. SIBM. [Online]
Available at: https://www.sibm.edu/assets/pdf/beacon3.pdf#page=37
[Accessed 08 12 2020].
Zojceska, A.,
2018. TalentLyft. [Online]
Available at: https://www.talentlyft.com/en/blog/article/105/employee-value-proposition-evp-magnet-for-attracting-candidates
[Accessed 08 12 2020].
EVP is important for two reasons: EVP gives a detailed look at each position, ensures that the role is attractive to those with high talent and allows the candidate to find out if they are well qualified and create a strong EVP for your overall The job brand can be enhanced and enhanced.There are few key elements of an employment value proposition Some of them are Tangible Rewards, The Opportunity, The Organization, The People, The Work Itself.
ReplyDeleteAlso adding to the above, Once the EVP has been defined in organization, it is important to communicate this both internally and externally. Also to keep reviewing to ensure that it is robust and delivering on its promises.
ReplyDeleteAn employee value proposition implemented well can make all the difference between people as a strength and people as a liability. It is important for the EVP to be constantly and openly communicated through various channels to be able to create the right people advantage in today's competitive times
ReplyDeletepowerful value proposition helps your customers truly understand the value of your company's products and services.
ReplyDeleteThis topic has given a proper area and far-reaching idea in terms of HR application.
ReplyDeleteEmployer branding and employee value proposition helps organizations to attract best employees to their organization. That is one of the best strategy to retain their existing employees
ReplyDelete