Employee Value Proposition
Employee Value Proposition
What
is Employee Value Proposition (EVP)?
Employee value proposition (EVP) the promise that employer
make for their employees instead of their effort and commitment to the
organization. EVP includes all the rewards and benefits that worker received
from their employer
Key
Elements of EVP
Figure 1 – Key
elements of EVP (Source: Author developed, 2021)
There are few key elements that includes in EVP including,
§ Compensation: The pay workers receive for
their effort and performance.
§ Benefits: Indirect recompense together
with health, retirement benefits etc.
§ Work content: The pleasure employees obtain
from their work such as work life balance, flexibility in work, good working
environment etc.
§ Career development: Providing
opportunities for employees for their development and progression such as
training and learning opportunities, promotions etc.
§ Affiliation: The feeling of belongingness,
self-esteem of employees with their organizations
Significance
of EVP
There is several importance of creating effective EVP such
as,
§ To enhance employee commitment and motivation.
§ To promote organizational brand name to be
unique from competitors of the organization.
§ To attract potential candidates towards
organization.
§ To retain talented employees within
organization.
§ To enhance shareholder and customer value.
§ To align organizational goals with employees.
To enhance organizational performance
Strategies
to Improve EVP
Conclusion
EVP is one of the crucial aspects of organizational human
resource management as it directly impact for attracting and retaining talented
workforce. Organizations need to create effective EVP that well-fitted for
their employees’ preferences and expectations to satisfy them in order to
achieve organizational goals and objectives while ensuring its brand image
References
Arasanmi, C. N. & Krishna, A., 2019. Linking the
employee value proposition (EVP) to employee behavioural outcomes. Industrial
and Commercial Training, pp. 1-15.
Browne, R., 2012.
Employee value proposition. Beacon Management Review, Volume II, pp.
29-36.
Goswami, P., 2015.
Employee value proposition: a tool for employment branding. International
Journal of Scientific and Research Publications, V(12), pp. 263-264.
HR technologist,
2018. HR technologist. [Online]
Available at: https://www.hrtechnologist.com/articles/recruitment-onboarding/what-is-employee-value-proposition-and-how-to-create-a-successful-evp-model/[Accessed
25 Novemeber 2021].
Pawar, A., 2016.
Employee Value Proposition: A Collaborative Methodology for Strengthening
Employer Brand Strategy. Journal of Resources Development and Management, XVI(1),
pp. 56-62.
Pawar, A. &
Charak, K. S., 2015. Employee value proposition leading to employer brand:
The indian organizations outlook. International Journal of Management
Research and Reviews, V(12), p. 1195.
As per the explain by this article the employee Value proposition is a similar concept to employer branding,in that it is one of the ways companies attract the skills and employees they desire.
ReplyDeleteAs explained above it is the unique set of benefits that an employee receives in return for the his/her skills, capabilities, and experience. Exiting thoughts.
ReplyDeleteIt's a really very helpful artical and lots of things got to know thanks a lot and appreciate
ReplyDeleteThe employee value proposition is a similar concept to employer branding, in that it is one of the ways companies attract the skills and employees they desire. It is how they market their company to prospective talent, and also how they retain them in a competitive job market.
ReplyDeleteVery attractive article.
Thanks to share.
The Employee Value Proposition (EVP) is an employee-centered approach that is aligned to existing, integrated workforce planning strategies because it has been informed by existing employees and the external target audience.
ReplyDeleteThank you for your good artical.
Employees value proposition is one of the ways that organisations can attract the skills and employees. So it is the most important part of the recruitment process. And EVP is also a great tool for retaining talented employees.
ReplyDeleteThe Emoloyee Value Proposition is the unique set of benefits that an employee receives in return for the his/her skills, capabilities, and experience. Exiting thoughts It's a really very helpful artical and lots of things got to know thanks a lot really Great things for sharing the Knowledge.
ReplyDeleteThe Employee Value Proposition (EVP) is the balance of rewards and benefits that a company can offer the employees, in return for their performance within the workplace. Thank you for your good article.
ReplyDeleteAs explained in the article above, it is win win concept for both organization & employee, but major part to be taken by the organization by providing benifit / employee right to attract and retain skill & experience employee to the Organization to come up progress.
ReplyDeleteIt is also take part of branding of Organization. Thank you for sharing nice & timely article.
Employee Value Proposition (EVP) is a noble concept to be Understood by any entrepreneurs on the path of succeeding. Your article has given an in-depth but straightforward explanation of EVP guiding to the sky is the limit for those who want to succeed.
ReplyDelete