Employee Value Proposition (EVP) is the balance of the rewards and benefits that are received by employees in return for their performance at the workplace. Employee Value Proposition (EVP) is the balance of the rewards and benefits that are received by employees in return for their performance at the workplace.
As an Employer, your employee value proposition(EVP) answers your prospective employee major question: What is in it for me?. Your EVP as an Employer sets aside your brand as unique, attractive or repulsive. A major concern for us at KloverHarris Limited is that; most employers see EVP only as Salaries and Bonuses.
Employee Value Proposition (EVP) is a comprehensive offering that companies provide to their employees, which has 5 main components: Compensation, Benefits, Career, Work Environment and Culture.
This means that for you to have an attractive Employee Value Proposition, you have to take into cognizance these five factors:
Compensation:
attention to your staff satisfaction in remuneration and bonuses. As important as this is, it is only a factor in the equation that ensures
Benefits:
incorporates different benefits (health, dental, retirement, tuition, and disability), but also paid time off and life insurance (when possible).
Career:
can you assure your staff a chance of stable career growth and the opportunity to develop themselves? This for us at KloverHarris Limited is of the utmost importance because we believe that our staff deserves the opportunity to be the best in their fields, and the best version of themselves.
Work environment:
effective work is hugely dependent on your work environment. A positive or negative work environment impacts the deliverables of your employees. You owe it to your staff to ensure that they have a physically, mentally and emotionally positive environment. To succeed at work, your staff also needs to succeed outside work, hence a work-life balance will do your establishment a lot of good than harm.
Company culture:
Encouraging healthy relationships, Team Spirit, Openness, less micro-managing, etc. As well as all other components above make up for a great Employee Value Proposition.
At KloverHarris limited, as much as most activities are geared towards sales, the employee value proposition of each staff (Yes, we personalize EVP) sits as the crowned concern of the management. This is because we understand one simple truth; “the staff is the management, and the management is the staff”