Not many businesses are aware of the importance of an employee value proposition program. However, what makes it important is the fact that it can aid in attracting skilled customers and retaining them for long. Employees can take a business to new heights. The only way to keep them associated is to appreciate their efforts and reward them accordingly.
Employee value proposition refers to the value provided by an organisation to its employees. It includes all sorts of perks. Agencies like Brandmatters are well versed in building and developing an EVP strategy. Let’s take a look at its essential components:
- Work – It includes workload and work-life balance. The more your employees feel comfortable, the easier it’ll be for them to focus on their responsibilities.
- Benefits – An effective EVP includes good salary and additional monetary benefits such as medical compensation. If salary is below market average and employees don’t