Employee Value Proposition Benefits
Attract the best candidates to your business
Decrease employee turnover up to 69%
Reduce spend on unwanted benefits
Your company’s employee value proposition is the culmination of all the tangible and intangible benefits you offer employees. Understanding what your employees want from their working life and experience can help with developing an employee value proposition. A standard list of benefits from 10 years ago won’t hold the same appeal as it once did, and will see potential workers flock to other companies offering better value to them, so EVP analysis can be cruicial for retaining top talent.
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Your employees are your biggest asset, but often your biggest cost and risk. Different departments, job roles, and cohorts will have different expectations surrounding your EVP. Conducting an EVP analysis and making changes to your employee value proposition accordingly can lead to improved staff retention, better results, and higher productivity. It also gives you the competitive HR advantage to maintain, attract, and retain happy, focused and talented teams.
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No more boring surveys with our mobile optimised fun EVP game
User-friendly interface to get all the analytics and data you need
Identity your EVP by department, job roles and more
To understand what benefits your employees value the most, encourage them to play our unique EVP game. The results of this gamified employee value proposition survey are displayed in an insightful report, helping you align your benefits package with your workforce’s core values.
With Talos Engage, developing an employee value proposition that attracts, retains, and inspires successful employees has never been easier.
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Talos Engage shows you the strengths and weaknesses of your workforce retention strategy in minutes, allowing you to make data-backed optimisations to your employee value proposition. You’ll gain an in-depth EVP analysis showing how happy employees are with your current HR strategy and workplace benefits package, which makes up big parts of employee value proposition development.
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EVP analysis data is segmented over all the unique cohorts within your workforce, including job role, location, seniority, and department, so you can see exactly what matters to different people. With this data, you can build a more dynamic, proactive HR strategy – one that seeks to maintain morale and productivity within your workforce.
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Tangible EVP BenefitsDefined employee value proposition benefits are often the easiest to identify in your organisation. These are the physical benefits that can be easily sold to potential employees. Make sure to regularly review these as part of your ongoing EVP analysis to stay competitive within your sector. Typical tangible EVP benefits include:
Intangible EVP benefitsImmaterial EVP benefits are more subjective, and harder to apply statistics or numbers to, but an EVP analysis can help identify what these are for your organisation. They can be feelings or actions that impact people in different ways, and often require an alignment between your brand personality and the personality of your employees. Some of the key intangible employee value proposition benefits include:
With Talos Engage, you can get all the EVP insights you need.
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