Why EVP Plays An Important Role In Branding? Know The Facts About It
In the past branding consisted of signs, symbols, names, design, or combinations of them which separated services, companies, or products. In today’s world branding has become more important than ever. The main focus is not only about reaching a target market in competition but it is also about being able to offer a solution to a need or issue.
Branding should solve issues, deliver a clear message, connect two targets emotionally do services and products, develop loyal users, confirm credibility for the brand in the marketplace, as well as motivate buyers to purchase products.
What is an EVP and Why is it Important?
EVP also is known as an employee value proposition, is the core of a successful employer brand. The employer brand must be incorporated in every aspect of the experience of an employee as well as possessing the ability to reflect the business as an organization for an employer to truly be successful. This is the reason why EVPs are important. EVPs explain the give and take of what is expected of an employee, what the employee should expect in return, as well as defining what is associated with an employer. EVPs are used to define the offer add an employer’s organization is based on and is closely related to the employer branding concept.
Steps in Developing Your EVP
An organization can approach the development of an EVP and brand of an employer in many ways. There are usually four main steps that most are categorized. The first is the dissection and reviewing of all currently available data which includes onboarding, Employee engagement, retention and recruitment metrics, and exit surveys.
Key themes and trends should be identified I analyzing all data from key employee populations. The verbatim comments of employees are the real insights that provide number contexts which the top number line should be looked beyond. The most important step of developing your EVP is to involve HR, marketing, senior management, as well as target and existing employees. Sometimes, it may spark a debate between HR professionals and marketing.
This is why it is important to include focus groups, as well as interviews with important stakeholders, do identify key themes. Propositions external customer value is usually based via “tell-all” which helps a brand define its meaning which then delivers its brand promise through marketing channels. EVPs are informed by existing employees and aligned with HR strategies as an employee-centric approach.
The 3rd step is the development of your EVP. Your value proposition should be crafted by a simple main statement which is the employer brand commitment in essence of the employee experience. The key areas a focus that you have to support your EVP should be clarified and focused. Your EVP must support your HR strategy and should be tested to make sure it does align. During the last stage, your EVP should finally be implemented through the employee experience from onboarding, career development, exit stage, and recruitment process.
The EVPs intent and message should be insured that it is delivered through all stages such as remuneration discussions, performance development materials, and recruitment adverts. Your EVP building method should be measured by incorporating it into people metrics and employee surveys as well as return on investment, financial benefits of the organization, as well as return on investment. Visit website for more information on branding importance.
The Complete Properly Built EVP
Business engagement and time investment is not required for the delivery or development of the EVP. A properly built EVP will provide several benefits which include retention of top talent, better attraction, focus on the HR agenda, the re-engagement of disenchanted workforces, as well as a solid employee brand. EVPs should be relevant, compelling, and unique in order to become a key force in attracting talent retention, and engagement which should be the main focus of an employer brand.