As HR and business leaders reevaluate their organizations’ employee value proposition (EVP) to ensure competitiveness, this new article by Amy C. Edmondson and Mark Mortensen provides ideas to consider. They start by presenting four components of an EVP: 1) Material offerings (e.g., compensation, physical office space, location, commuting subsidies, computer equipment, flexibility, schedules, and perks. 2) Opportunities to …
Worker preferences, expectations, and values continue to shift. And while there have been many reports describing how employee preferences are changing, tracking this information across various sources is challenging. This one-page summary includes four resources that provide insights into employee values, preferences, and expectations. Each resource addresses the topic from a different angle and question: 1) LinkedIn …
This new 29-page report by Mercer provides insights into worker sentiment on various workforce topics and issues. The study is based on a small sample of 4,049 US-based full-time employees working for organizations with over 250 employees. The report highlights six key findings of which employers should be aware. Two highlights include 1) Retention. 1 in 3 employees …
Organizations continue to invest in the total rewards component of their employee value proposition (EVP) as many workers place an increased value on benefits and programs that support their well-being and their families. But as pointed out in this Gartner article, it isn’t always evident to employees and new hires that their needs are being …
Employee retention is a key focus of many leaders as workers continue to re-evaluate their preferences and what they value in their employment and employer. As managers and leaders develop and implement tactics to stem unwanted turnover, this article shares three ideas for using career development as a retention strategy. And while career development is …
Many organizations continue to refine their return to office plans while considering insights from various data sources. For example, some sources mention how an impending recession could shift the balance of power back to organizations—where there is a more significant push for a full return to the office. Other sources suggest that new COVID variants will fuel …
Workers continue to be more discerning about what they expect and value in the worker-employer relationship. As a result, many leaders are turning to their firms’ employee value proposition (EVP)—the set of attributes the labor market and employees perceive as the value gained through employment with an organization—as a source of differentiation. However, many organizations continue …
I recently shared an 86-page report by Harvard Business School, Building From the Bottom Up, that explored retention strategies for organizations’ frontline workers. These workers, which represent 44 percent or 53 million workers in America alone, are often the foundation of many firms’ operating models, yet they receive less attention in terms of retention efforts. Instead, many …
This newly released 47-page report is part of ADP’s annual study of employees’ attitudes towards the current world of work and what they expect and hope for from the future workplace. It’s based on survey responses from 32,924 workers in 17 countries worldwide. And although the report was just published, the survey was conducted in …
Many people have reflected on their purpose in life during the past two years of the pandemic. And while there are many definitions of purpose, a McKinsey article describes it as an enduring, overarching sense of what matters in a person’s life; people experience purposefulness when striving toward something significant and meaningful to them. With many workers wanting to …
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