Effective Human Resource Management With Employee Value Proposition

Abstract

The Employee Value Proposition represents the perceived overall deal between employer and employee. The employer makes an offer to the employee (or the give) and expects contributions (or the get) from the employee in return. The inducements and contributions consist of mutual obligations and promises. Inducements typically concern things such as career progression, organizational support, fair and transparent performance management, and more tangible things such as pay and holiday entitlements. Contributions related to things such as working hours, being an advocate of the employer within and outside the organization, bringing skills, enthusiasm, and entrepreneurship to productive work. Importantly, within the overall deal, there are nested deals operating at different levels of the organization, such as the tailored, workable arrangements forged between team leader and team members, these reflect opportunities available for employees to shape their work experience. Top-performing companies create a sustainable EVP and total rewards strategy based on the needs, demographics, and preferences of their workforce. Employee value Proposition refers to the rewards and benefits that an employee receives in return for the performance that he gives at the workplace in the organization. Manpower Planning: Manpower planning is defined as putting the right number of people, the right kind of people at the right place, the right time, doing the right things for which they are suited for the achievement of organizational goals. EVP is at the core of all other organizational processes. The characteristics of the EVP need to be reflected in the corporate and employer brands. This paper takes the Review of Concept of Employee Value Proposition and its relationship with Human Resource Management