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	<title>Employee Value Proposition (EVP) &#8211; Dr. Vidya Hattangadi</title>
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	<title>Employee Value Proposition (EVP) &#8211; Dr. Vidya Hattangadi</title>
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		<title>Why Organizations should rethink Employee Value Proposition</title>
		<link>https://drvidyahattangadi.com/why-organizations-should-rethink-employee-value-proposition/</link>
					<comments>https://drvidyahattangadi.com/why-organizations-should-rethink-employee-value-proposition/#respond</comments>
		
		<dc:creator><![CDATA[Dr Vidya Hattangadi]]></dc:creator>
		<pubDate>Mon, 25 Jan 2021 00:01:00 +0000</pubDate>
				<category><![CDATA[Human Resources Management]]></category>
		<category><![CDATA[Boomers]]></category>
		<category><![CDATA[Covid 19]]></category>
		<category><![CDATA[Employee engagement]]></category>
		<category><![CDATA[Employee Value Proposition (EVP)]]></category>
		<category><![CDATA[flexible working]]></category>
		<category><![CDATA[Gen X]]></category>
		<category><![CDATA[Gen Z]]></category>
		<category><![CDATA[HR Policies]]></category>
		<category><![CDATA[Millennials]]></category>
		<guid isPermaLink="false">http://drvidyahattangadi.com/?p=6694</guid>

					<description><![CDATA[Today’s workforce which includes a cross-section of Boomers, Gen X, Millennials and Gen Z has distinct wants, needs and ways of thinking. This has increased the level of leadership complexity and requires more tailored solutions catering to desires for both flexibility and sovereignty in terms of Employee Value Proposition (EVP). To attract and retain talent, leaders must demonstrate their commitment to the needs and success of their incongruent workforce. ]]></description>
										<content:encoded><![CDATA[
<figure class="wp-block-image size-large"><img decoding="async" src="http://drvidyahattangadi.com/wp-content/uploads/2020/12/Capture.png" alt="" class="wp-image-6695"/><figcaption>Happy and motivated Employees</figcaption></figure>



<p>FMCG major Hindustan Unilever (HUL)
has taken a biggest step towards helping its employees to battle domestic
abuse. For the first time in India Inc, HUI has coded a policy to protect its
staff from domestic abuse. This is significant as it extends the responsibility
of a company towards employees&#8217; well-being beyond the office and into the
employee&#8217;s personal and home life. HUL has designed and implemented this policy
at a time when a significant number of its workforce is working from home. The
HUL policy aims to protect and provide assistance to staff members who are fighters
of abuse, or acts of emotional and physical abuse beyond the office.</p>



<p>Anuradha Razdan, HUL executive
director (HR), says &#8220;We want to stand up as advocates for change that we
would like to see in society by proactively coming up with a policy which calls
out to our employees: &#8216;If you are someone who has faced this and wants to come
out and talk, the organisation is here to support you&#8217;.&#8221;</p>



<p>The UN has described the worldwide
increase in domestic abuse as a &#8220;shadow pandemic&#8221; alongside Covid-19.
Globally cases have increased by 20% during the lockdown, as many people are
trapped at home with their abuser. </p>



<p>Workplace is evolving; in the area of
human resources organizations are adopting and encouraging practices to improve
employees’ well-being. Working from home affects every employee perversely
depending on their responsibilities and living situations. For example, workers
with younger children need to balance keeping them occupied while trying to
keep up with work tasks. And the same goes for those with elder-care
responsibilities. Understanding employee needs is crucial. For the first time
in history, organizations have realised that they need to have open
conversations with their employees about how and when work can be accomplished without
intruding on employees’ privacy. Organizations are offering a wider range of
options for flexibility, such as more freedom when assignments need to be
turned in or adjusting work hours per day to allow more time to care for
children and elders. Employee mental and physical health is important for
effective work – life balance.&nbsp; </p>



<p>Domestic violence cases are
increasing, as employees began working from home after worldwide lockdowns
imposed to combat covid-19, and has become a greater concern for organizations.
According to HUL, one in three women and one in seven men are abused at some
point in their life. HUL looked at this fact, which is the right direction. The
new policy will certainly increase productivity positively and contribute to
the well-being of their employees. </p>



<p>According to a law firm DSK Legal,
the policies of harassment, the POSH Act, are limited to workplace harassment.
Now, as the home is extended workplace, it may be a good idea to actually cover
up even those bullies. HUL’s initiative could set a precedent for India Inc.,
which has adopted HR policies with the aim of making workplaces fair and
inclusive.</p>



<p>Standard Chartered has developed a
toolkit that provides examples of the various mechanisms that can be taken into
attention when attempting to support victims of domestic abuse. It also
provides a range of available resources for doing so. Standard Chartered Bank
has made announcement for its LGBT + employees. It will extend medical and
domestic relocation benefits to its LGBT+ employees and their partners in
India. All personnel will now be able to declare an LGBT+ partner as an
eligible beneficiary under the bank’s medical reimbursement policy. The
declared partner will also get covered under the domestic relocation policy. Organizations
are showing they care for their employees. </p>



<p>Last year Tata Steel introduced a
policy on employee partners who identify themselves as part of the LGBT +
community to take advantage of HR benefits permitted by law.</p>



<p>LaliT Suri Hospitality group too
proudly identifies itself as an LGBT-friendly workshop. The idea is to provide
more appropriate opportunities to people in the community and to stop any form
of stigma attached to them that could prevent them from getting employment.</p>



<p>More recently, cricketer Virat
Kohli’s decision to leave the on-going India-Australia tour as his wife Anushka
Sharma expects their first child has also highlighted more men seeking
paternity leave and increasing participation in chores at home. Kohli truly personified
a perfect example of how men must be evolved in wife’s pre and post childbirth
event. </p>



<p>In a new policy announced in August,
Zomato’s food ordering platform allowed all women (including transgender
people) to use up to 10 days of periodical leaves in a year. Zomato wants to
foster a culture of trust, truth and acceptance. Zomato understands that men and
women are born with different biological realities. The organization wants to make
sure that it brings out innovative HR polices as 35% of Zomato’s employees are
female.</p>



<p>Today, organizations are faced with
an ever-increasing complexity on their side of the employment pact. Purpose for
working and respect has gathered central importance for employees. This fact
calls for strong relationships between employer and employee and is expanding
the management thought process in strengthening employee value. Success is not
simply about creating a good customer experience; it is also about generating a
more engaging and rewarding employee experience.</p>



<p>Today’s workforce which includes a
cross-section of Boomers, Gen X, Millennials and Gen Z has distinct wants,
needs and ways of thinking. This has increased the level of leadership
complexity and requires more tailored solutions catering to desires for both
flexibility and sovereignty in terms of Employee Value Proposition (EVP). To
attract and retain talent, leaders must demonstrate their commitment to the
needs and success of their incongruent workforce. </p>
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			</item>
		<item>
		<title>How to set the tone of attractive Employee Value Proposition?</title>
		<link>https://drvidyahattangadi.com/how-to-set-the-tone-of-attractive-employee-value-proposition/</link>
					<comments>https://drvidyahattangadi.com/how-to-set-the-tone-of-attractive-employee-value-proposition/#respond</comments>
		
		<dc:creator><![CDATA[Dr Vidya Hattangadi]]></dc:creator>
		<pubDate>Mon, 17 Feb 2020 00:00:00 +0000</pubDate>
				<category><![CDATA[Human Resources Management]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Dr. Vidya Hattangadi]]></category>
		<category><![CDATA[Employee Value Proposition (EVP)]]></category>
		<category><![CDATA[Employee-cantered approach]]></category>
		<category><![CDATA[Employer Brand Proposition (EBP)]]></category>
		<category><![CDATA[Policies]]></category>
		<category><![CDATA[Processes]]></category>
		<category><![CDATA[Programs]]></category>
		<guid isPermaLink="false">http://drvidyahattangadi.com/?p=6109</guid>

					<description><![CDATA[ Employee Value Proposition (EVP) is a set of associations and offerings provided by an organization to their employees in return for the skills, capabilities and experiences an employee brings to the organization. Employee Value Proposition is an employee-centered approach that is aligned to existing and future workforce planning strategies. ]]></description>
										<content:encoded><![CDATA[
<figure class="wp-block-image size-large"><img decoding="async" src="http://drvidyahattangadi.com/wp-content/uploads/2020/02/EVP1.png" alt="" class="wp-image-6110"/></figure>



<p>From recruitment to retention activities
such as getting the best employees on board, engaging them significantly and managing
their retention for longer period is not a cakewalk for the HR teams. For
engaging and retaining employees for longer term defining interesting employee
value proposition is a must. So what is Employee Value Proposition (EVP)? EVP is
a set of associations and offerings provided by an organization to their
employees in return for the skills, capabilities and experiences an employee
brings to the organization. EVP is an employee-centered approach that is
aligned to existing and future workforce planning strategies. </p>



<p>Only high salary packages and variety
of perks no longer works enough to attract and retain top talent from an
industry. The most sought-after global employers are treating employees like
internal clients and are strengthening their employee value proposition as a
strategy for attracting and retaining top performers. It is also become closely
related to the concept of employer branding. In the recent times EVP is also referred
to as the Employer Brand Proposition (EBP). </p>



<p>The value proposition should consist
of people policies, processes and programs that exhibit the organization&#8217;s
commitment to employee growth, management development, ongoing employee
recognition, corporate social responsibility etc. Depending on the value
proposition, employees choose to commit themselves to an organization. Progressive
organizations actively communicate their value propositions in all recruitment
efforts, and in offer letters. Frankly speaking, the EVP should take the focus
away from compensation as the ‘primary offer’. </p>



<p>EVP at Goldman Sachs is “At Goldman
Sachs, you will make an impact”. Goldman Sachs is leading global investment
banking, securities and investment management firm that provides a wide range
of financial services to a substantial and diversified client base that
includes corporations, financial institutions, governments and individuals.
Founded in 1869, the firm is headquartered in New York. This firm recognizes
its people as its greatest asset; Goldman Sachs believes that the determination
and dedication of their people can only help them serve their diverse clientele
to generate long-term value to their shareholders and contribute to the broader
public.</p>



<p>At every step of their employees’
careers GS invests in them, and ensure their interests are maintained. Excellent
HR policies, competitive work environment, meritocracy, and good compensation inclusive
of other benefits remains focused in GS’s work culture. The firm believes in
maximizing individual potential for increasing commercial effectiveness. It
reinforces the firm’s culture. That’s the reason the firm has most competitive
employees wanting to join them. <br>
<br>
There are two sides to an employee value proposition: 1) the value (skills,
experience, personality, culture, intelligence etc.) a candidate has to offer
an employer and 2) the value (growth opportunities, recognition, work culture,
benefits, career growth etc.) an employer has to offer candidates.</p>



<p>The employee value proposition should
not be mystified with a company’s vision and mission statements, core values or
culture code. The EVP is&nbsp;about the reciprocity between employers and employees
mutual benefit and value to one another. It is about employment opportunity and
employer brand. </p>



<p>When organizations encompass the
wrong attributes or fail to differentiate their value propositions from their competitors
they fail to retain their talent. Also, when organizations &nbsp;&nbsp;show a major gap between promise and reality,
it results in reduced employee commitment.</p>



<p>It is always good to present an
authentic, differentiated employee value proposition. HubSpot’s EVP is “We&#8217;re
building <strong>a</strong> company people love.” HubSpot is a developer and marketer of software products for
inbound marketing and sales. It was founded by Brian Halligan and Dharmesh Shah
in 2006. Its products and services aim to provide tools for social media
marketing, content management, web analytics, and search engine optimization. HubSpot
is growing bigger in size. They have about <strong>44,500
customers</strong>and more
than<strong> 2,200
</strong>employees on their roll. Their annual revenue is more than $375 million. </p>



<p>HubSpot believes in documenting company’s
culture to illuminate their values and guiding principles and mapping where it
wants to go. Codifying company culture is more than just putting the current
culture into words. There is an element of aspiration added to it. By outlining
the definite roadmap, the company has defined the core values and actions.
Employees who are already working in the company and those who want to join it
know what they are getting into. HubSpot’s clients like the company’s employee
engagement and therefore the company’s business is growing. </p>



<p>In the modern management styles
organizations are realizing that when they invest in developing and delivering
a strong EVP, they attract significant talent and boost employee engagement.
For example, an organization can reduce the compensation premium by 50% and
reach 50% deeper into the labor market when candidates view an EVP as
attractive one. Organizations that effectively deliver on their EVP can
decrease annual employee turnover. 

The
EVP must define the people essence of the organization – how it is unique and
what it stands for. It must encompass the central reasons what will make people
proud to work in the organization. An inspiring vision is crucial to make sure that
EVP is unique, relevant, and compelling. When integrated into all aspects of a
business, a strong EVP will help retain top performers and attract the best
external talent. It is better to understand that building a company culture to
present in the EVP does not come solely from business leaders but from the team
members living and breathing organization’s business values. It’s the people
who work in an organization who develop ideal company culture from its vision
to reality. It’s vital question to answer why someone would choose to work at
your organization. 



</p>
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