Some of the most successful organizations globally have a very high quotient of discretionary effort that they achieve from their workforce. Discretionary effort is a function of willful display of the right behaviors that are aligned to achieving the overall business objectives and strategy. An effective performance management framework drives and rewards the right behaviors – superior financial results are then just a mathematical outcome. In short these successful organizations have a very powerful Employee Value Proposition (EVP).
An Employee Value Proposition (EVP) is a holistic framework that addresses all the aspirations of a ‘high performing’ workforce. These aspirations of a ‘high-performing’ workforce can be clustered in 3 pillars which in turn address 12 sub-factors which are the decision drivers for employment choice and at the same time help organizations achieve larger business objectives. EVP must be unique, relevant and compelling if it is to act as a key driver of talent attraction, performance and retention...Read more