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
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Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
