DecisionWise Principal Consultant, Kristin Chapman, provides best-practice advice on how to develop your organization’s employee value proposition. Employee Value Proposition (EVP) is the value an employee receives from the organization in exchanged for his or her work. It includes all of the tangible (i.e. compensation, benefits, work schedule) and intangible benefits (i.e friends at work, safety, respect). Every organization has an EVP whether they have formally defined it or not and the EVP is different for various groups of employees. By understanding your organization’s EVP and leveraging it appropriately, you can attract, retain, and engage top talent in today’s highly competitive environment.
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UPMC administers surveys to all 80,000 employees across 20 different hospital systems, doctors’ offices, clinics, and long-term care facilities to understand the employee voice.
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