Engaging employees through awards and recognition and by tailoring an effective Employee Value Proposition (EVP) can therefore help develop workplace happiness and motivate employees in a dynamic work environment.
At a time when the advent of automation and artificial intelligence (AI) has led to heightened competition, corporates irrespective of size, are struggling to retain their best talent amidst the uncertainties surrounding the job market. Promoting workplace happiness and keeping employees motivated and engaged is the key, to not only sustain employee productivity and achieve organisational success, but also to attract prospective employees to the organisation. Engaging employees through awards and recognition and by tailoring an effective Employee Value Proposition (EVP) can therefore help develop workplace happiness and motivate employees in a dynamic work environment.
An EVP is the complete offering a company makes to its prospective and current employees in return for their best efforts, and assures employees of stability, transparency and engagement at every stage. A well thought-out EVP is arguably the most effective strategy that can be adopted by an organisation, to not only attract the right kind of talent, but also to retain them, as it can be customized to effectively serve this dual purpose - of attracting favourable new talent, as well as promoting retention through employee satisfaction. An EVP goes beyond pay and benefits, and looks at all the non-financial aspects that attract, retain, and motivate employees, and the reasons former employees would speak well of the company. An EVP considers how the company is perceived before, during, and after employment, and is in sync with the company's goals, strategy and culture, which results in happy employees translating to happy customers. Further, by taking care of both its internal as well as external stakeholders, an EVP can help an organisation build a positive brand image for itself.
An effective EVP framework
This story is from the December 2017 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 2017 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The 'What' And 'How' Of Business
While the zealous focus by companies towards acquiring talent and leveraging their skills to the fullest is evident, companies falter after this juncture since they believe that merely hiring someone appropriate for the role will get the job done.
10 Ways Of Destressing
It is important to understand that being stressed is not a shortcoming and is a normal human reaction to work or life pressure. Successful people garner help and support from their peers when there are excessive tasks at hand.
Co-Creating Learnings From Customers
When we seek to learn, we look for resources individually, and, if we are blessed to be working in an organisation which invests in employee learning, we seek to make the most of available opportunities.
Talent management - The Vital Elements Of Strength
Talent management is the assured business strategy that will ensure the attraction of top talent in competition with other employers.
Tips To Maintain A Healthy Work-Life Balance
In the journey to excel as a working professional, one is affronted with excruciating expectations. And building a healthy balance between work and personal life gains significance with respect to leading a stress-free life.
5 Strategies For Tailoring A Technical Career Growth Path
While we focus on ensuring an attractive track for the "techies", it is also important to realise that with the changes brought in by the digital era, the requirement of "pure" management and managers is reducing.
Creating Culture As The Brand: The OPPO Way
In 1978, John Mackey and Renee Lawson borrowed money from friends and relatives to start SaferWay, an outlet for natural foods in Austin, Texas.
The Digital Panorama
Today's organisations are not a collective of bosses and followers. Agile network of leaders and collaborators use digital technology to push through customer focused innovation. Human Resource teams should be able to identify and equip these leaders with essential skills, tools and platforms to remain competitive and relevant at all times.
The Happiness Survey
Happiness and productivity, though not interchangeable, are definitely interconnected with each other. You can be happy, and hence, productive at work; and / or, you can be productive, and hence, happy at your workplace.
Its All In The Game - Gamifying HR Experience
Human-focused design recalls that people have feelings, insecurities, and reasons for doing certain things, and optimises as per their feelings and motivations. From LinkedIn's skill endorsements to likes on Facebook, from badges at work to names on the leaderboard, gamification has sneaked into our lives unnoticed.
