What is Employer Value Proposition?
‘Employer Value Proposition’ refers to the perceived value of an employee when one considers their performance and productivity with the cost accrued by the company in employing that individual.
In other words, it is the evaluation of an individual employee considering the benefits that they are receiving with the work that they are doing for the company. The Employee Value Proposition (EVP) also helps in managing the workforce better as the company will be better able to redistribute them based on their EVP.
Recently, EVP has come under criticism as it considers the employee’s worth solely based on their performance. However, being a human being, an employee might have other abilities which might make him or her better suited for a role than someone efficient in the said role.