{"id":6020,"date":"2023-05-31T15:06:18","date_gmt":"2023-05-31T05:06:18","guid":{"rendered":"https:\/\/news.sap.com\/australia\/?p=6020"},"modified":"2025-03-17T18:26:24","modified_gmt":"2025-03-17T08:26:24","slug":"hr-leaders-do-you-know-your-employee-value-proposition","status":"publish","type":"post","link":"https:\/\/news.sap.com\/australia\/2023\/05\/31\/hr-leaders-do-you-know-your-employee-value-proposition\/","title":{"rendered":"HR Leaders: Do You Know Your Employee Value Proposition?"},"content":{"rendered":"

The great resignation, demand for flexible work models and a holistic approach to employee well-being have led employees to become discerning consumers of their careers. With Human Resource (HR) teams at the forefront of this changing world of work, what do companies need to consider when reinventing this all-important employee experience to support attracting, developing, and retaining the right talent into 2023 and beyond?<\/p>\n

Know your Employee Value Proposition (EVP)<\/strong><\/h2>\n

Think of the EVP as the ultimate packaging and internal branding to attract and retain the right people. An EVP spans the unique set of benefits that an employee receives in return for the skills, capabilities, and experience they bring to a company. The traditional and most obvious elements of an EVP include pay and benefits and professional career development.\u00a0Global consumer trends<\/a>\u00a0like flexibility, purpose and sustainability are important additions, but are fast emerging as a \u201cgiven\u201d and will not be a major differentiator. So, what will?<\/p>\n

Put people first<\/strong><\/h2>\n

The employee experience is individualised depending on gender and age. What\u2019s compelling for staff in the workforce for one year are different to those for 20 years, so policies must be flexible enough to meet each employee\u2019s unique circumstances. Would your company\u2019s leave policy adequately cater for an employee that needs to take six weeks off for surgery if they have only been with the company a few weeks or months?<\/p>\n

麻豆原创 is exploring how organizations worldwide are adopting \u201cpeople sustainability.\u201d 麻豆原创 defines people sustainability as the intersection of employee engagement, empowerment, and corporate responsibility. Of the three pillars of sustainability\u2014People, Planet and Profit\u2014the People pillar has less priority. However, recent research from IDC confirms this attitude is changing, as the People pillar is growing in importance to an organizations\u2019 future success. Other highlights from the IDC Research include:<\/p>\n