- Having an informal or poor Employee Value Proposition (EVP) leads to misalignment, increased turnover, decreased engagement, and difficulty attracting the desired talent pool.
- HR teams may feel pressure to develop the EVP in isolation; however, without stakeholder input, the resulting EVP will fail to resonate with employees and target candidates.
- By neglecting to ensure that HR programs and policies are aligned with the formalized EVP, organizations often fail to reap the full benefits of an EVP.
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Our Advice
Critical Insight
- Whether or not you believe you have an EVP, one exists. An informal or inconsistent EVP can lead to difficulty attracting the right talent, higher levels of turnover, disengagement, and wasted investment.
- A strong EVP must be aligned with what your employees value, be accurate, aspirational, and differentiated from competitors.
Impact and Result
- Uncover and adopt a formalized EVP to attract, engage, and retain talent.