What Is Employee Value Proposition (EVP)?
Employee Value Proposition (EVP) is the list of unique benefits, rewards, and experiences that an organization provides to employees as compensation for their skills and contribution. It encompasses remuneration, culture, career growth, appreciation, and balance between work and life.
The high EVP increases employer branding, retention, and attraction of the best talent. Firms that have a strong EVP are competitive in the job market in terms of matching the expectations of their employees with organizational values and future growth prospects.
Examples:
The company enhanced its employee value proposition to bring young professionals to the company.
A powerful EVP assists in retaining the highest performing employees.
The employee value proposition is a major factor influencing the employer brand image.
Synonyms:
- Employer Branding
- Employee Benefits Package
- Workplace Offering
- Talent Proposition
- Organizational Appeal
