Employee Value Proposition &
Total Compensation
Both an Employee Value Proposition (EVP) and Total Compensation are spectacular ways to attract and retain top talent for your company.
The EVP is the “value” you offer a candidate in return for a commitment to your company.
Total Compensation is all the ways an employee receives compensation for their work at your company which includes not only salary and bonus but also benefits, perks and development.
In the “New Economy” EVP & Total Compensation can be combined to become your most powerful recruitment & retention tool in the box.
- Let your employees know how much you truly value them.
- Attract and retain critical talent to meet your company’s needs.
- Reach up to 50% deeper into the labor market to find key candidates.
- Achieve a measurable reduction in voluntary turnover.
- Increase employee satisfaction.
- Improve engagement and increase productivity.
- Build trust in your brand.
- Differentiate your company from your competition.
EVP
The “Human” Approach
An ecosystem of support, recognition and values that an employer provides to employees to help them reach their highest potential at work.
Total Compensation
Demonstrate transparency of the total value of each employee to your company.
EVP & Total Compensation Services
We use market insights and strategic planning to help your business create competitive Employee Value Propositions (EVPs) and total compensation packages that attract, engage and retain top talent while supporting your long-term business objectives. We offer a variety of services related to EVP and Total Compensation strategies.
- Employee Value Proposition (EVP) Development
- Assessment and Analysis
- Assessment and Analysis to understand your organization’s current EVP, including its strengths, weaknesses and alignment with both your employee expectations and your company’s culture, values and mission.
- Strategy Development
- Strategy Development to develop a compelling EVP for your company that differentiates you as an employer of choice. Including defining your organization’s unique value proposition, employer brand and employee benefits.
- Communication and Branding
- Communication and Branding of your company’s EVP to internal and external stakeholders through effective branding, messaging and employee engagement strategies.
- Assessment and Analysis
- Total Compensation Strategy
- Compensation Analysis
- We will analyze your organization’s current compensation structure, including base pay, bonuses, incentives and benefits.
- Market Benchmarking
- We conduct benchmarking studies to compare your organization’s compensation practices with industry standards and competitors to ensure competitiveness in the talent market.
- Strategy Design
- We can help you design your total compensation strategies to align with your organizational goals, budget constraints and legal requirements.
- Benefits Design and Optimization
- We will review and advise on optimizing your employee benefits programs, including health insurance, retirement plans, wellness programs and other perks, to enhance your employee satisfaction and cost-effectiveness.
- Compensation Analysis