Employee Value Proposition

In: Business and Management

Submitted By basset1009
Words 528
Pages 3
Explain the Employee Value Proposition, the components and its relevance to developing Competitive Pay Programs. Employee Value Proposition (EVP) is a term used to denote the balance of the rewards and benefits that are received by employee in return for their performance at the workplace.An EVP describes the mix of characteristics, benefits and ways of working in an organization. It is the deal struck between an organization and employee in return for their contribution and performance this “deal” characteristics an employer and differentiates it from its competition Why is an EVP impotant? An effective EVP can bring an organization significant benefits. According to the Corporate Leadership Council’s research a well thought through and executed EVP can :
- Improve the commitment of new hires by up to 29%
- Reduce new hire compensation premiums by up to 50%
- Increase the likelihood of employees acting as advocates from an average of 24% to 47%
In addition an effective EVP allows organizations to source more deeply within the labor market, increasing its access to passive candidates. This is important for organizations who want to secure the best talent in an increasingly difficult talent market.
What EVP revevance to developing Competitive Pay Programs
Helps you to attract and retain talent A clear and differentiated EVP ensures that you attract and retain people that you would inevitably lose to other organizations with more attractive EVPs.
Helps you to appeal to different markets and tough to hire talent groups For organizations operating in a number of countries the EVP will need to move beyond a one size fits all. A good EVP contains elements that appeal to different groups of employees from different cultures,age,groups and functions.
Helps you to re-engage a disenchanted workforce The process of creating an EVP involves surveying…...

Similar Documents

Assignment 2: Mission, Vision, and Value Proposition

...McDonalds marketing plan is position for the company to be made supported by the well-versed and such defined plan. Mission The mission of the company is to become the customer’s favorite place and way to eat. To be the best they will give great quality, service, cleanliness, and value. The growth will show the way the company aims more on offering customer’s with such superlative products and services. Vision The vision of the company is to maintain its position in the fast-food industry. For this, the company forms an effective connection with the suppliers to make the product flow proper. They are committed to their people as well. This leads to making situations highly effectived and better than before, because they like to see their customers smile in any way possible. Value Proposition The value proposition for the organization is to maintain an effective connection with the stakeholders. The view of the company, the customer’s requirements matters the most. In addition to this, the company believes in adopting such system that leads to hopeful resultants. It seems to be very much effective. The organization follows ethical......

Words: 401 - Pages: 2

Proposition 8

...Proposition Eight Karla Ballou Questions: 1. Using at least five scholarly articles, in addition to scripture, write a paper on how the appeal of Proposition 8 further expands the homosexual agenda in the United States. (The paper should use APA formatting, and be at least 3 double-spaced pages; 1” margins) Enclosed after #3 2. List the states in which same-sex marriages are recognized. In the United States same sex can legally marry in New Hampshire, Massachusetts, Connecticut, Iowa, and Vermont and Washington, DC. New York, California, Rhode Island, New Mexico and Washington, DC recognize marriages by same-sex couples legally performed elsewhere. California - With the passage of Prop 8, gay and lesbian couples who were married between June and November 2008 are still legally married, but no new legal marriages can be performed in California. 3. In one paragraph, write a statement that you would use to minister to an individual that wants to get further information on why homosexuality is an abomination. Be not deceived, God is not mocked; whatsoever a man soweth that shall he also reap. He that soweth to the flesh shall of the flesh reap corruption but he that soweth to the spirit shall of the spirit reap life everlasting. Homosexuality is a sin of the flesh and carries a stiff penalty. Romans 1:24-28 tells us that God will give them up to uncleanness because of the lust in their hearts and for......

Words: 1517 - Pages: 7

Wyndham's Byrequest Program - Value Proposition

...The theory of Value Proposition indicates that a target market's valuation of a product can be derived by analyzing the benefits of that product to the target market and weighing the costs of choosing that product. To examine the benefits, one must review both the points of parity, features of a product that are the same as the competition or next best alternative, and the points of difference, features of a product that are superior to the next best alternative (Mgmt 205 Course Reader, pg 17 "Customer Value Propositions in Business Markets). For this analysis of Wyndham International Corporation's ByRequest value proposition, it can be argued that Marriott Hotels and Resorts and it's Marriott Rewards points program is the next best alternative to a potential Wyndham guest due to statistics that indicate that Marriott Hotels and Resorts had the highest occupancy rates in the surveyed years 1997-2001 (Case Exhibit 5) and had the highest percentage of people with incomes exceeding $50,000 per year who preferred the Marriott brand over hotel/motel brands in 2000 and 2002 (Case Exhibit 6). Also, the target market can be defined as "the average upscale traveler who, on average, takes 12 to 14 trips a year", corporate travelers in particular (Case Page 13), as it is the business traveler who usually is the primary decision maker for business trips (Case Exhibit 6). The point of parity between Wyndham's ByRequest program and the Marriott Rewards program is that both reward......

Words: 742 - Pages: 3

Marketing Value Propositions

...up for Missed Class Case: Customer Value Propositions in Business Markets Basic Case Identification Who is/are protagonist(s) or decision maker(s)? Companies that offer a service product to a customer What is the primary decision that must be made? What constitutes a customer value proposition and what makes one persuasive to the customer? Primary Alternatives to Consider for Value Propositions 1) All Benefits - preferred by most managers; - list all the products benefits; - requests the least knowledge about customers and competitors; - negative: benefit assertion (features may have no value for the customer, not knowing anything about the customer or competition may have as an effect missing the points that make the differentiation from the competition and for the customer); 2) Favorable points of benefits – recognizes the existence of the alternative - requires to know the differences between own product and next best alternative and the customer’s requirements; - drawback: value presumption (assumed points of difference may have no value for the customer); 3) Resonating focus- the most valuable - requires a complete understanding of the customer needs and how you can fulfill this through features that are superior to the customer’s offering; - requires extensive research. Ways to substantiate the customer value value word equations: expresses in words and......

Words: 255 - Pages: 2

Select Two “Employee Voice” Practices, One an Example of Representative Participation and the Second an Example of Direct Employee Involvement, and Assess the Strengths and Weaknesses of Each in Terms of Their Value to the Employee.

...Introduction Employee voice is an umbrella term used to capture the many forms of practice that give employees a view at work. These processes and structures enable, and at times empower, employees directly and indirectly to contribute to decision making in the business. This report will look into two forms of employee voice; employee representative participation and direct employee involvement, it will look at a specific practice of each form of employee voice and analyse the strengths and weaknesses on their value to the employee.   Representative Participation In 1996 a European Works Council was made a mandatory feature of any organisation with over 1000 employees that operate in over 2 EU states (EUGOV, 1996). In the UK (from the 6th April 2008) any business with a workforce of 50 persons or greater must establish a works council on demand. As a result the presence of a works council today is a very common method of representative participation. The term "works council" applies to any body that represents the interests of employees, which an employer must inform and consult with on issues affecting their organisation. Providing a works council initiates formal employee representation at workplace level to facilitate consultation and discussion of enterprise related issues between workers and management, but to what extent is a works council of value to the employee? Strengths of Works Council for employees One of the more significant strengths of a......

Words: 1255 - Pages: 6

Value Proposition

...two years, which is already part of his career plan. New Value Proposition University of Chicago offers an Internet MBA that: Is well-respected and offers the same high quality education as UC’s traditional MBA Offers continued personal development for students who may pursue post-military careers Has a flexible online format, but also offers personal interaction and networking opportunities Is managed behind-the-scenes to minimize administrative work, allowing students to focus on their studies From The Customer Point of View When I pursue my MBA at the University of Chicago Instead of other Internet or Part-Time MBA Programs I get a high quality education that is delivered in a manner conducive to my busy lifestyle, from a staff and faculty dedicated to accommodating my unique personal and professional circumstances Because the University of Chicago uses the same instructors for both resident and internet programs, with teams dedicated to handling both administrative matters and increasing my exposure to job opportunities outside of the military. Current Value Proposition: University of Chicago offers an Internet MBA that: Is well-respected and consistently highly ranked among public Universities Is delivered primarily online with the right amount of personal interaction Is managed behind-the-scenes to minimize student frustration with University procedures This superior new value proposition will attract current military members who want to use an......

Words: 980 - Pages: 4

Customer Value Propositions in Business

...customer value propositions: UNDERSTAND CUSTOMERS’ BUSINESSES Invest time and effort to understand your customers’ businesses and identify their unique requirements and preferences. Example: The resin manufacturer deepened its understanding of key customers in several ways. It enrolled managers in courses on how painting contractors estimate jobs. It conducted focus groups and field tests to study products’ performance on crucial criteria. It also asked customers to identify performance trade-offs they were willing to make and to indicate their willingness to pay for paints that delivered enhanced performance. And it stayed current on customer needs by joining industry associations composed of key customer segments. SUBSTANTIATE YOUR VALUE CLAIMS “We can save you money!” won’t cut it as a customer value proposition. Back up this claim in accessible, persuasive language that describes the differences between your offerings and rivals’ that matter most to customers. And explain how those differences translate into monetary worth for customers. Example: Rockwell Automation precisely calculated cost savings from reduced power usage that customers would gain by purchasing Rockwell’s pump solution instead of a competitor’s comparable offering. Rockwell used industry-specific metrics to communicate about functionality and performance— including kilowatt-hours spent, number of operating hours per year, and dollars per kilowatt-hour. DOCUMENT......

Words: 5574 - Pages: 23

Apple's Core Value Enlighten Apple's Employee Engagement

...Apple’s Core Value Enlighten Apple’s Employee Engagement Apple’s core values are the qualities, customs, standards, and principles that the company believes will help it and its employees succeed. These values are the basis for what Apple does and how Apple does it. These values govern Apple’s business conduct. Innovation/Vision: Apple built on innovation, providing products that were new and needed. Apple accepts the risks inherent in following their vision, and work to develop leadership products that command the profit margins Apple strive for. Positive Social Contribution: Apple build products that extend human capability, freeing people from drudgery and helping them achieve more than they could alone. But beyond that, Apple expects to make the world a better place to live. As a corporate citizen, we wish to be an economic, intellectual, and social asset in communities where we operate. Individual Performance: each Apple’s employee can and must make a difference. Individuals determine the character and strength of Apple. Apple is known for strictly enforcing accountability. Each project has a “DRI (Directly Responsible Individual)”. As an example, when iOS senior vice president Scott Forstall refused to sign Apple’s official apology for numerous errors in the redesigned Maps App, he was forced to resign. Individual Reward: Apple recognize each person’s contribution to Apple’s success, and Apple share the financial rewards that flow from high performance. Apple...

Words: 443 - Pages: 2

Cultural and Relationship Values Memorandum and Employee Handbook

...and Relationship Values Memorandum and Employee Handbook Memorandum TO: All Employees SUBJECT: Employee Handbook FROM: Boardman Management Group DATE: November 24, 2014 The purpose of this memorandum is to explain the reason behind designing the employee handbook that is attached. Subjects discussed include explaining the value and team-based culture, the mission statement, the main areas covered in the handbook and how this handbook will move us forward. The handbook will also cover employer responsibilities and employee rights. The company is a value and team-based culture. Baderman Island Resort aims to please the customers who cause employees to stretch the rules at times to make the guests comfortable. The company also conducts random acts of kindness, which also support a value-based culture. Boardman Management Group empowers its employees, which encourages a team experience as they consider all employees as family. The values of the company are articulated through the mission statement. The mission statement reads “…dedicated to managing leisure and convention focused resorts that provide a unique and quality experience to guests and visitors. The Board of Directors and operational leaders in the organization, empowers its staff to offer unsurpassed quality of customer service, through individual acts of random kindness and specialty services” (Boardman Management Group, 2012, p. 1). This mission statement reflects that the company is a value and......

Words: 618 - Pages: 3

Value Proposition

...NETWORKS Facebook acquired QuickFire Networks on 8th of January 2015, QuickFire Networks built a custom hardware and software platform which reduces video file sizes and upload times. The acquisition further lays emphasis on the social networking giant’s focus on video. QuickFire in its website before the acquisition said, “QuickFire Networks will provide you with the weapons necessary to meet the onslaught of the video revolution,” QuickFire uses proprietary technology to reduce the bandwidth needed to view the video online without affecting the quality of the video as the current network infrastructure is not sufficient to support the massive viewing of videos online which averages over 1 billion videos per day for Facebook. VALUE PROPOSITION USERS : Facebook’s users post and view and share videos on facebook by linking to videos from other sites like youtube. The videos viewed online on facebook averages over 1 billion videos per day. NEED: The time it takes to buffer videos depends on the quality of the video and the size, compressing the videos without degradation in quality reduces the buffering time. Users can upload video directly to its site, instead of linking to videos on other sites like Youtube which keeps the users on the service of facebook. Facebook gets more control over how the videos can be viewed and can be placed around advertising. PRICE: As QuickFire compresses the videos without affecting the quality of the video, the buffering time is......

Words: 736 - Pages: 3

Value Proposition

...Reflection The value proposition assignment was focusing on the marketing side of the business sector. Since Marketing is a topic that businesses focus a lot on it was a very interesting to write a value proposition for a product that we think has helped people a lot. I feel good about that I have chosen a product that has changed the people connect in this technology-advanced world. I wrote a well-rounded value proposition that explained what the product is and how it will help people if they use it. I spent about four hours that included doing the value propositions, answering the questions and writing the reflection. I think I had given decent amount of time to all parts of the assignment. I spent a lot of time deciding the product and then choosing the most important point about it that has transformed my life. The biggest challenge was to stay in the limit of 140 characters for the value proposition. I think I could have described more benefits of the product if the world limit was more than the 140 characters. I see room for improvement in developing a better value proposition since this was the first time I wrote a statement about marketing a product. I think I deserve a 5 on this assignment since it was very well thought and has involved a lot of effort. From posting these responses on Facebook and Twitter it has increased my confidence in writing. I think it helps a lot to use public forums to get out the message and how companies use theses forums to......

Words: 293 - Pages: 2

California Proposition

...Now,more and more people care about animal rights. In the U.S, some state have issued legal to protect them and give them some basic rights. States like Florida, Arizona, and Oregon have passed successful propositions which have hindered safe livestock husbandry. In addition, Colorado has automatically agreed to die out veal crates and gestation crates to avoid having to place the issue on a ballot. On August 9, 2007, animal rights groups go on to propose livestock housing legislation by filing another state petition. This law suit legislation regulating livestock production in California , including the “Treatment of Farm Animals Statute” on the November 2008 general election ballot. Proposition 2 which is includes limits on minimum space requirements for the confinement of veal calves, gestating sows, and laying hens. That is the California proposition2 comes from. Even though,the eggs price increase but consider the chicken they would have a good cote to laying hens.Do you know how much space do they have before the chicken cage size law come out? They just have 116 square inches of space, how do you think? What a horrible things! That's less than a one-foot by one-foot space that a chicken has to live in all its life. I'm not rich, but I want to pay extra for free range because I don't like to eat food from tortured animals if I can avoid it. It also made me care about the eggs’ health, foot by foot space for chicken’s live would like a incubator,thousands and thousands......

Words: 519 - Pages: 3

Kunst 1600 Value Proposition B2B Case Analysis

...Case Analysis Kunst 1600 Prepared by Mathew Chandy – EPGCMM-07-14 Nimish Mohanan – EPGCMM-07-15 Sinoj Cyriac – EPGCMM-07-16 C.K.Cherian – EPGCMM-07-07 1. What are the major, quantifiable value and price elements associated with the Kunst 1600 1. Reduce operating costs If value can be shown in the way of reduced operating cost of the Kunst 1600 as compared to that of the other pumps in the various segments, customers are willing to consider to moving to the new Kunst pump     B. Increase the number of jobs that can be done by the Kunst pump per week 2. Construct a customer value model for the Kunst 1600 in the residential AC, home refrigerator, and light commercial refrigerator repair market segments AC repair segment * USP -- Kunst  1600 did not require oil changes. Haggling between owners and technicians on who should do the oil changes could be avoided which was of interest to the owners and technicians * Operations costs analysis(  If done by a maintenance worker) Labour: $ 12 / hour Time required for oil change: 30 minutes Oil: $ 8 / quart 1 quart oil required per oil change Souring soap: $ 0.50 Towels: $ 0.15 Disposable charge : $ 5 per gallon (1 gallon = 4 quart) a)    Total operating cost / oil change = (12*0.5) +8 + 0.50+ 0.15 = $14.65 Disposable cost = 0.25x5 = $1.25 per oil change per quart Total operating cost (cost of changing oil) : = 14.65+1.25 = $ 15.9 Let us consider an oil change per......

Words: 1146 - Pages: 5

Carl Rogers 19 Propositions

...Carl Rogers 19 Propositions The Development of the SELF Proposition 8: The Self The person’s conception of who he is. The self emerges from all our experiences Experiences change therefore the Individual is ‘fluid’ The Individual’s picture of itself is his own perception We control our own perceptions of ourselves Change is not easy The individual need stability and continuity regarding himself. If not: confusion and do not know who he is. The individual sense of identity is important to him. Another person can not tell him who to be. Proposition 9: The self and significant others Example of experiences: OTHER PEOPLE AND ENVIRONMENT Everybody interact with others Our perceptions of the interactions become part of who we are Our perception of ‘the self’, other people and our relationship is of relevance here. You are a: Parent, wife, employer, employee (if you accept the relationship) It is What we do with what they tell us which is important Listen to the Individual’s perception of himself. Withstand the temptation to ‘defend’ or ‘explain’ the other person’s behaviour. You need to concentrate on how the speaker are being affected by the other person Proposition 4: Self – Determination The ‘self’ as s/he experience it The ‘self’ might not be what an outsider see What the Individual sees as relevant to himself Complicated by un-symbolized experiences. Experiences that FIT the self Pose no......

Words: 1606 - Pages: 7

Mm Proposition

...------------------------------------------------- Modigliani–Miller theorem From Wikipedia, the free encyclopedia The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) forms the basis for modern thinking on capital structure. The basic theorem states that, under a certain market price process (the classical random walk), in the absence of taxes, bankruptcy costs, agency costs, and asymmetric information, and in an efficient market, the value of a firm is unaffected by how that firm is financed.[1] It does not matter if the firm's capital is raised by issuing stock or selling debt. It does not matter what the firm's dividend policy is. Therefore, the Modigliani–Miller theorem is also often called the capital structure irrelevance principle. Modigliani was awarded the 1985 Nobel Prize in Economics for this and other contributions. Miller was a professor at the University of Chicago when he was awarded the 1990 Nobel Prize in Economics, along with Harry Markowitz and William Sharpe, for their "work in the theory of financial economics," with Miller specifically cited for "fundamental contributions to the theory of corporate finance." Contents [hide]  * 1 Historical background * 1.1 Without taxes * 1.2 With taxes * 2 Notes * 3 References * 4 External links | ------------------------------------------------- Historical background Miller and Modigliani derived the theorem and wrote their groundbreaking article when they were both professors...

Words: 1010 - Pages: 5

Una Historia de Violencia - Peliculas de accion completas en espaol latino 2017 | Deepesh A K | 30 : النبلاء