
Introduction to Employee Retention: What is your Employer Value Proposition?
These questions, along with other similar ones, are important for identifying a company’s Employer Value Proposition, or EVP. A business’s EVP is, in short, the combination of salary, benefits, and other forms of non-monetary compensation and perks that a company brings to the table when it comes to hiring and retaining talent. It is important to communicate these values to employees, and that communication and transparency can help smooth the way for workers to choose to stay with their current company.