Hueman Blog Talk | What Is An Employee Value Proposition (EVP)?

Ever wonder what makes top-tier companies like HubSpot and Nike magnets for exceptional talent? Prepare to unlock the secret sauce as we dissect the Employer Value Proposition (EVP) — the game-changing strategy that could revolutionize your company's appeal to the workforce.

We'll explain how to craft a standout EVP, one that's more than just a list of benefits but a compelling narrative that aligns with the aspirations and values of both your current team and potential hires.

From the initial steps of surveying employees to creating candidate personas and measuring its impact on recruitment success, we're covering every step.

Join us to elevate your brand and become a destination for the best and brightest talent out there.

Related Links:  

• Original Blog: https://www.huemanrpo.com/resources/blog/what-is-an-employee-value-proposition-evp-and-how-does-it-help-with-recruitment
• Employer Value Propositions Are Brand Building Blocks
• Looking for more ways to strengthen your recruitment process? Download the World-Class Recruitment Guide
• Hueman Website: https://www.huemanrpo.com/

Don't forget to subscribe to the Hueman Resources Podcast Channel for more valuable insights on talent acquisition, recruiting, and workforce planning and management.

Visit Hueman.com to learn more about our recruiting services.

Transcript

Speaker 1: 0:00

Welcome to the Human Resources Audio Blog, where we bring you valuable insights on talent acquisition, human resources and workforce planning and management. In today's audio blog, we'll explore the concept of the employer value proposition, also known as an EVP, and its pivotal role in attracting top talent to your organization. Stay tuned and subscribe to our podcast channel for more helpful content. Let's get started. First, let's define what an EVP is. Think of it as your company's unique promise to potential and current employees. It's a statement that outlines the benefits and value of working for your organization. Now, why is an EVP important, you might wonder. Picture that by defining your EVP and sharing it with job seekers, you're essentially showcasing why your company is the best choice for their career aspirations. It's like an elevator pitch to candidates and employees. So how do you create an EVP that truly resonates with your target audience? It's all about crafting a compelling message that highlights what sets your organization apart from the rest. Think about unique culture, growth opportunities and company values. First, define who exactly your EVP is, for it's crucial to consider the needs and desires of both existing employees and potential candidates. Conducting surveys is a great place to start. If you want to understand your employees better, conducting surveys is a great place to start if you want to understand your employees better. Ask about your company's work culture and have employees rank the importance of your benefits. These questions will help you prioritize the order of benefits. In your EVP statement for candidates, you'll need to research the type of people you're trying to attract to each role. We recommend creating a candidate persona to help you zero in on the characteristics and traits of a perfect hire. Next, think about what information you want your EVP to include. Ask yourself what candidates need to know to decide whether they want to work for your company. Some examples to consider include benefits, professional development opportunities, work environment and company culture. Remember to order them based on employee research and candidate persona findings. Now let's talk about communication. When sharing your organization's EVP, it's essential to utilize a variety of channels. For existing employees, include references to your EVP in places like your company handbooks and onboarding materials. For candidates. Include your EVP in areas like job postings, company website and social media.

Speaker 1: 3:02

You may be wondering how to measure the effectiveness of your EVP. Start by tracking metrics like application rates, applicant quality, employee retention, engagement and referral number. If these metrics aren't where you want them to be, it might be time to revisit your EVP. Lastly, let's look at some real-world examples of company EVPs. Our EVP at human is creating great employment experiences by building a people-centric culture. It mentions our mission and touches on our culture, underscoring that our organization is centered around people. Hubspot's EVP is building a company people love, a company that will stand the test of time. So we invest in our people and optimize for your long-term happiness. Another example is Nike. Their EVP is we lead, we invent, we deliver. We use the power of sport to move the world.

Speaker 1: 4:07

Once you've crafted your EVP, keeping it relevant for your current workforce is essential. Your EVP keeping it relevant for your current workforce is essential. Continue to implement, review and measure your company's EVP regularly. Doing so will guarantee that it stays aligned with your company's value and what it has to offer. Crafting a compelling employer value proposition is essential for attracting great candidates and retaining top talent. By taking the steps outlined in this audio blog, you'll be well on your way to unlocking the power of your EVP and strengthening your recruitment process. Thank you for tuning in to today's audio blog For helpful links and additional resources related to this topic. Please check out the podcast notes. Remember to stay tuned for more content on recruitment best practices and HR insight. To learn about human and our recruiting services, visit humancom. Until next time, happy recruiting.