Creating an Employee Value Proposition for modern workplaces
Creating an Employee Value Proposition isn’t about spying on competitors' job descriptions and making sure you’re able to match it. HumanX HR are here to challenge anyone that believes this is building a thriving workplace experience. An EVP is about internal branding, morale and culture as well as benefits, market positioning and leadership.
A great EVP should take your commitment to your employees and amplify it. It’s an asset used in the recruitment phase of your hiring, but its benefits seep into every layer of the business. You can expect easier recruitment, better retention, better output and delivery.
At HumanX, our Outsourced HR teams can act as your Employee Value Proposition consultants. We can run a project alongside your internal HR or operation to create an Employee Value Proposition that reflects your brand and your future direction.
Employee Value Proposition Frameworks for Modern Workplaces
According to Gartner’s research, most candidates are lured by rewards, including compensation, work-life balance, stability, location and respect. In light of this, a well-formed Employee Value Proposition not only provides incentives for those who work hard but also fosters a supportive and inclusive work environment for everyone.
HumanX HR offers a one-of-a-kind approach when it comes to formulating an Employee Value Proposition framework that works. We work strategically to give you all the tools you’ll need to know to take bold action for your best-working employees – and we’ll be there every step of the way to help you land it.
Challenging you to rethink how you value your teams
A lot of partners that engage us initially might not be aware of what an Employee Value Proposition looks like. They might not even know that they need to cultivate one - or how to do it. You might be experiencing other HR ‘symptoms’ within your workplace. Our first step is to scope exactly how we can help you. We’ll also fully outline the work that goes into creating an exceptional Employee Value Proposition for your organisation.
We don’t make assumptions, and neither should you about what your people want. HumanX teams conduct surveys, workshops and project analysis, collecting data directly from your people. We’ll get to know your team inside and out, digging deep into team motivation, values and everything to do with remuneration and rewards. We also bring our knowledge of cutting-edge concepts and human-first thinking from around the globe. We’ll confidently pair this with our business consulting expertise to curate the perfect Employee Value Proposition so that it’s completely aligned to your team’s values, allowing for unparalleled rhythm and flow.
Let's start the journey
Once we have a picture of how we’ll move forward, our Employee Value Proposition consultants work closely with your teams or other partners to ensure the communications surrounding your brand new offerings are on point. We can also provide project management, technology and software support, training and exposure to key stakeholders across your industry. HumanX HR will work as your outsourced HR department and your sounding board in taking your team to the next level – and we’ll empower you every step of the way.
What is an Employee Value Proposition?
An Employee Value Proposition might be embedded in marketing – but at the heart of it, it’s a strategic and powerful business move.
A good Employee Value Proposition might entail statements, benefits, testimonials, quotes or blog posts to provide in-depth detail on the rewards and recognition that employees will be given in return for performing well at work.
Effective frameworks reduce employee turnover, improve business profits, provide a far better employee experience, and foster an inclusive workplace for all. But don’t just take our word for it – research shows that organisations that put their money where their mouth is can decrease employee turnover by 70%.
Does a job just revolve around compensation? As humans in 2022, we know we want more from the place we show up to everyday.
Is it effective to just throw money at candidates? Potentially, but it’s not sustainable. And it’s certainly not strategically smart. Our Employee Value Proposition specialists challenge you to think better and then deliver on those promises.
Working with external HR Consultants like HumanX to take your employee values to the next level can help boost the way your business works from the ground up. For small businesses looking to make waves and attract valuable employees, gaining the support of an external partner can make a world of difference. By joining the movement toward a more inclusive, supportive and heart-led workplace, your organisation is set to grow exponentially.
A bold Employee Value Proposition has the power to boost sales, trigger organisational growth and solidify your stance as an industry leader. And here at HumanX HR, we’ll help you harness that potential.
What is an employee value proposition?
An Employee Value Proposition (EVP) is an offering a company makes to its current and potential employees. It's a collection of all the positive things the company offers to its people in exchange for their time and effort. This can include things like competitive salaries, opportunities for learning and growth, a supportive work environment, attractive benefits like flexible work options or gym memberships, and various perks that make the job enjoyable.
The EVP serves as a way to stand out from other employers by showcasing what makes the company unique and why someone would want to work there. For existing employees, the EVP plays a role in keeping them engaged and motivated, as the company continues to fulfill its promises and show that it values their contributions.
What makes up an employee value proposition?
An Employee Value Proposition (EVP) is composed of the unique combination of benefits and experiences that an organisation provides to its employees. This proposition can be broken down into five key categories, each catering to different aspects of an employee's experience:
Compensation: This includes the financial rewards employees receive for their work, such as competitive salaries, bonuses, and any other forms of monetary recognition.
Benefits: Benefits encompass non-financial perks that enhance an employee's quality of life, like health insurance, retirement plans, paid time off, and flexible work arrangements.
Career Development: This category focuses on opportunities for growth within the organisation. It may involve training programs, skill-building workshops, promotions, and a clear career path.
Wellbeing: Employee wellbeing is about employees’ physical and mental health. Companies might offer wellness programs, mental health support, and a conducive work environment.
Community: The sense of belonging and camaraderie within the organisation falls under the community category. This involves fostering a positive workplace culture, team-building activities, and creating an inclusive environment.
When an organisation thoughtfully assembles these elements into their EVP, they paint a comprehensive picture of what it's like to work for that company. This assists both current and prospective employees in understanding the complete value they can expect to receive, which in turn attracts, engages, and retains talented individuals.
What is the purpose of an employee value proposition?
The purpose of an Employee Value Proposition (EVP) is to outline the unique set of benefits, rewards, and experiences that an organisation offers to its employees. It serves as a clear and attractive message to both current and future employees about what they can expect from working at the company.
Having a solid EVP can help your organisation stand out in the competitive job market. In our dynamic business landscape, companies vie for top talent, and a compelling EVP can set you apart by highlighting the advantages of working for you. This can include details about work-life balance, career development opportunities, a positive workplace culture, and appealing perks.
An EVP assists in aligning employee expectations with the organisation's values and goals. When employees understand what the organisation offers, they are more likely to be satisfied, productive, and dedicated to the company's mission.
Is an EVP a project or an ongoing partnership?
This all depends on what you are looking to achieve from your employee value proposition strategy. Working with HumanX, we offer two approaches to suit your needs. We can either complete an EVP framework as a standalone project, where we guide you through the initial stages: investigating the labour market, conducting research, and identifying what truly matters to the individuals powering your organisation. We then assist in building a strategy or blueprint for new initiatives and changes. This approach works well when a company already possesses in-house HR expertise to carry the work forward to completion.
Alternatively, our expertise shines brightest when we collaborate with businesses in a more comprehensive manner. By integrating the EVP strategy as part of providing an outsourced HR service, we delve deeper into the process. This encompasses cultural transformations, adjustments to recruitment strategies, and the ongoing measurement of the changes against the set objectives. HumanX becomes a partner in the journey, working alongside your teams to not only develop a powerful EVP but also to ensure your company reaps the maximum benefits from this opportunity.
Do you recognise your company in any of these scenarios?
Our HR is too Toby-from-the-office
Everyone has strengths, both as professionals and as people. There are many situations in which using an external HR consultant is a more effective option.
Ultimately, HR can be a tricky position to hold in an organisation; striking the balance between employee-support and communicating the company’s message; empathy versus becoming an agony aunt; being the champion of culture whilst also being the person managing risk.
Bringing in HumanX to support your team means that everyone can play to their strengths. Our experts can create space for critical conversations, feedback honestly, without agenda, and help leaders make decisions based on real information. We can support Toby with performance management plans and work to achieve company goals together.
Our HR department needs support
Modern HR leaders require skills in project management, business strategy, commercial awareness, coaching, talent management, compliance and workplace relations, remuneration, learning and development, and of course recruitment.
Outsourced HR experts can support the internal team without the distractions of politics, everyday requests and growing to do lists. Able to operate as an independent squad with a single focus or integrate into the team and fly alongside the existing HR managers to lead and deliver on projects, new initiatives or help cope with capacity.
Need to get more out of the experts you already have
For business leaders who are craving space – both time and brain-space - a great HR team will understand that it is their job to enable people to do their best work. Choosing the right talent (or inviting the right talent to choose your business), designing a best-in-class learning and development program, and ensuring that your remuneration strategy is on point will help.
The gamechanger: coaching your leaders. This is the space where humans will grow, engage, and find their superpowers. Coaching is a skill in itself, it’s not every leader’s natural state. Great HR professionals have been equipped with coaching skills and understand that coaching is an ego-less journey that is critical to developing exceptional leaders. Structured coaching programs are a brilliant extra, but coaching in the workflow, and in day-to-day interactions between HR and leaders is a valuable must-have.
My team tells me that communication needs improvement
If your team is feeding back to you that communication in the organisation needs improvement, they’re trying to tell you (without risking their jobs) that your communication needs improvement. Whether this is your communication directly, or as a leadership team, or simply internal systems and processes are not effective at allowing the flow of information, we can help.
Bringing external HR experts into a situation like this is efficient; we are able to zoom out and diagnose issues and challenges - from communication that may be causing frustration and high employee turnover to the root cause of disengagement. Better than that, we will also work with your organisation to develop the HR function to resolve any concerns, improve processes and mature the company’s approach to your people.
Make your company stronger. Starting with your people.
Research in 2021 shows that employees' expectations for their workplace are changing. Your talent wants a modern workplace experience. That’s what we specialise in.
HumanX HR is a human-first human resources agency with access to cutting-edge global knowledge. Using unique strategic, human-centric methodologies to help solve your biggest business problems, you’ll never have to rely on software that doesn’t speak your language again. Work with our consultants to improve and create an Employee Value Proposition framework that makes a difference for you.
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Award winning Outsourced HR agency that delivers results. We design Outsourced HR solutions based on trusted frameworks and class leading industry experience. A perfect blend of strategic and tactical HR solutions that will elevate the human experience in your workplace.
Learning & Development
Create a culture of progression, drive employee buy-in and enjoy all the benefits that go with it when you build an employee learning and development program that suits your business. Investing in L&D contributes to better organisational performance. Engaged employees are more productive, innovative, and adaptable, leading to improved business outcomes, increased revenue, and a competitive advantage in the market.
HumanX is a leading provider of independent, impartial and fair workplace investigation services to organisations dealing with allegations of inappropriate behaviour at work. Most internal teams do not have the experience, capacity or resources to properly investigate workplace complaints without any perceived bias. Outsourcing workplace investigations to an independent firm is a cost effective and practical method that will help you ensure compliance with legal and regulatory frameworks.
With our HR agency, boost your internal capability and see better results in less time. Engage a consultant or team to drive and lead HR initiatives that lead to incredible company-wide results. We can develop or pick up HR projects that you just can’t get traction with or assist with a particular isolated problem.
Your people are your power and your relationships are what connect you. Creating a strong framework for your employee relations can protect your business when you need it most – and when you least expect it. Our employee relations consultants are qualified and bring a human-centric approach to workplace investigations, mediations, disciplinary matters, terminations and other disputes.
How can you expect to build a solid team without solid foundations? Here at HumanX, we know your eyes are set to the future with plans for growth and projects on the horizon, but you can’t get there if your people aren’t with you and you aren’t protected. Work with HumanX to develop functional processes, reliable boundaries and compliances that set your company up for future success and solid HR foundations.