Your Employee Value Proposition (EVP) is the unique set of benefits, opportunities and experiences that your company offers to employees in exchange for which they spend their working hours delivering your products and services.
Essentially, it’s the answer to the question "Why should talented people choose to work here?"
Financial compensation and benefits are probably the most important part of an EVP - staff who are fairly paid and who feel valued will be more secure and cushioned from cost of living challenges - if you can save your staff 4 or 5% on their weekly food shop that really is like having extra money in their pay packet each month!
One of the biggest challenges in attracting staff with a benefits package is finding one which works for all of your team. As people enter different life stages different things become important to them - the discounted fashion and gym memberships might become less important while family days out and cost of living savings might be more beneficial. Some staff value opportunities to learn new skills, while others might enjoy the opportunity to save on spa days or get cashback on everyday spending.
The My Staff Shop platform not only offers flexible and easy to manage Employee Rewards but also allows peer to peer recognition through our engaging fanmail system. Say “Thank you”, “Great job” or simply “I appreciate you” via the simple internal messaging and acknowledge publicly how well teams or individuals are performing!
There are many steps to creating an EVP that matches your business goals and My Staff Shop gives you the tools to showcase an exciting and engaging platform and create something that your employees really value - contact us to get started transforming your Employee Value Proposition!
Replacing an employee is expensive; retaining one costs much less. A well-designed Reward & Recognition programme can significantly reduce staff turnover.
If you are an employee and have a query about your account, gift cards, orders or anything else. Please contact us Here
