Employee Value Proposition (EVP)
It’s all that a company offers as an employer, in exchange for the skills and experience of its employees, current and potential. Encompassing an organization’s mission, values, culture, it gives employees a powerful reason to work
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Situation
Talent attraction and retention challenges exist for all organizations, whether onsite, remote, or hybrid.
Only 5% of organizations have implemented an up-to-date employee value proposition (EVP) that highlights an accurate employee experience and includes the ways in which the organization has adapted to recent environmental pressures (2022 HR Trends Report, n=295)..
Complication
Human Resources (HR) departments already strapped for time spend the majority of their attention on other HR activities rather than the EVP (2022 HR Trends Report, n=405).
When creating an EVP, organizations often forget about the employee voice and engagement, neglect to look at competitors, and confuse it with employer branding, which leads to inaccurate, misaligned, and undifferentiated EVPs.
Solution
Create a realistic and compelling EVP by using the employee voice to uncover the lived experience and the organizational offerings that employees highly value.
Highlight the organization’s unique features in the EVP to differentiate from competitors, allow potential and current employees to assess fit, and support recruitment and retention efforts.
Fully integrate and sustain the EVP through strong communication partnerships across the organization that reach both internally and externally.
A Strong Employee Value Proposition (EVP) supports key organizational needs
Attracts Talent
Organizations with effective EVPs are less likely to have challenges with attraction and retention of essential employee segments (Willis Towers Watson, 2021).
Recruiting efficiency (Increase)
Engagement
Organizations with strong EVPs are more likely to have high employee engagement (Willis Towers Watson, 2021).
Performance (Increase)
Retention (Increase)
Productivity (Increase)
Retention
Voluntary turnover is lower at organizations with strong EVPs (Willis Towers Watson, 2021).
Turnover costs (Decrease)
Recruitment costs (Decrease)
A strong EVP resonates both internally and externally
Internal Perspective
These characteristics help to retain new and existing talent by ensuring that new hires’ expectations are met, and that the EVP is experienced throughout the organization.
Retain
Aligned: In line with the organization’s purpose, vision, values, programs, and processes
Accurate: Captures the true employee experience.
Aspirational: Includes aspects of the culture and organization that are being actively worked towards.
Attract
Compelling: Emphasizes the value created for employees and is a strong motivator to join the organization.
Clear: Straightforward, simple, and easy to understand.
Comprehensive: Provides enough information to outline the true employee experience and to allow candidates to self-assess if they are a good fit.
The four-step approach to uncover, define, and implement a strong EVP
Testimonials
Scientifically proven programs backed by tech-driven research methods rooted in disciplines of human psyche, organizational culture, and a dynamic external culture.
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EVP Experts
Umar Alam
Chief Executive Officer
Mona Hussain
Chief Strategy Officer
Simon Thong
Consultant