The new and evolving Employee Value Proposition 

Evolving EVP: meeting business and workforce change

In our latest research report, in partnership with the Reward & Employee Benefits Association (REBA), we explore the major changes organisations expect to impact business over the next two years, the key challenges that will face HR, and how employers will rethink their employee value proposition (EVP) to optimise its value for both the employer and the employee.

The economic uncertainty created by the cost-of-living, high inflation and low growth, along with ongoing business transformation are changing the employer/employee dynamic. After two years of immense global change, Chief People Officers are having to identify what now works to attract and retain the transformative skills their organisations need to succeed.

If these are issues you are trying to navigate in your organisation, download your copy of the report or leave your details below to have a conversation with our specialists.

The following video interview explores how changing ways of working and skills shortages are shifting employee expectations. And what this means for the future of the employee value proposition (EVP).

Building resilience to live with constant change

As predicted previously in this series, HR teams need to transform their practices to be fit for today’s (and tomorrow’s) workforces. They need to focus on their own resilience building and skills development to avoid becoming unsustainable in an era of rapid change.

CPOs should recognise fatigue within their teams after three years in crisis mode and adopt resilience practices that will develop them into HR teams that are future fit. Two big areas where HR is lagging behind business transformation is digital technology change and changes to meet climate goals.

At a glance, the biggest areas set for transformation are:

91%

Use of digital technology

86%

Being sustainable

82%

Making environmental and climate changes

This report is the sixth in our Transforming Engagement series with REBA and endeavours to deliver the data chief people officers (CPOs) need to identify business transformational shifts. It also looks at how to attract and retain the transformative skills organisations need today.

The new and evolving Employee Value Proposition

This report is the sixth in our Transforming Engagement series with REBA and endeavours to deliver the data chief people officers need to identify business transformational shifts. It also looks at how to attract and retain the transformative skills organisations need today.
Contributors
Nick McMenemy

- Partner, Digital, Strategy & Markets Leader, UK, Mercer Marsh Benefits

Mike Naulls

- UK Corporate Growth Leader, Mercer Marsh Benefits

Drini Zerka

, Benefits Strategy Consulting Leader

Monique Wright

, Client Director

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