How Authentic Is Your Employee Value Proposition (EVP)?

EVP_marketing_Image

Marketing has become an integral part of talent strategy. The use of messages and branding to foster engagement, attract candidates and retain employees have resulted in some organizations thoughtfully and others inadvertently, developing Employee Value Propositions (EVP’s). EVP’s are messages that articulate what an employee can expect when they work for the company. The promises. Most of the messages, in one way or another, tend to emphasize employee development and career progression (like the image above). Branding supplements the message by offering  visual images of what an employee can experience when they’re in the organization.

The ability to deliver against EVP’s can have a tangible impact on both talent sourcing and retention. Talent functions must realize the authenticity of an EVP will be compared to real employee experiences through social media channels. Research has shown there is a direct correlation between employee reviews on social media and job application follow through. In a recent US study of more than 4,600 job seekers; almost 50% of them used social sites like Glassdoor to research the company as part of their job search strategy1. Employee reviews have greater influence on which companies candidates will choose that more closely aligns with their values. In the example below the EVP advertised career progression, but the employee review exposed this as a misrepresentation. Candidates who value career advancement may choose not to apply to that company based on the review.

bad_review_evp

EVP is important to retain your current talent bench. Consider the following true story and how it reflects on the genuineness of the EVP.

bad_meetingA friend of mine choose to work at a company that articulated messages of career progression and development in the job description, website, branding and interview processes. As an employee, she worked hard to build great relationships and develop her skill set. Messages about commitment to career development and progression were continuously communicated in town halls, intranet sites, emails and corporate communications. After a few years she felt ready to move to the next level within her career tract. With consistently great performance reviews, she anticipated an easy conversation with her Manager on formulating a plan. She raised the subject about career advancement. Her boss listened to her and after a brief pause said; “You’ll need some of these first (pointing to her grey hair) if you want to move up.” In one short sentence the conversation had ended. The employee had taken her Manager’s comments as a clear message that seniority was equal to age. She knew she would not be advancing anytime soon.

Completely disengaged, within three months she resigned and went to a direct competitor.

Of course not every employee is pegged for progression. However, this story is reflective of a top performer who believed the company was committed to advancement, irrespective of age. The revelation that the EVP was false (from her perspective) resulted in her becoming disconnected, disengaged and demotivated. No surprise, she does not endorse this company as a great place to work to her network or family. This is a tangible example that the smaller the gap between your EVP promise and delivery; the higher your retention rate can be.

Now that we’ve seen authenticity matters, what can your organization do to create a genuine EVP’s?

  • Solicit feedback/crowdsource regularly to understand what works and what can be improved – Don’t rely on annual engagement surveys to assess how people feel. Solicit genuine feedback regularly through different mediums. Highlight what is working and document what could be improved.

feedback

  •  Action feedback to address gaps – I can’t stress this enough. Feedback is abundant on ways to improve. Yet so often nothing is done to actually address it. Demonstrate you are listening to your employees by actioning feedback. If you don’t it will be seen as disingenuous.
  • Update your EVP with endorsed content Your EVP is only genuine if your employees endorse it. Update it with validated content so it is authentic.
  • Revisit your EVP every 3-5 years to align it to your strategy – The workforce is changing. Your strategy changes. Your EVP should be reflective of your strategy.
  •  Use employees to promote genuine EVP messages through social media channels – Many companies are afraid of employee reviews on social media sites. They tend to want to “shut it down” or ignore it, hoping it will go away. Instead embrace social media sites and build it into your strategy. Provide alternative, genuine experiences on sites like Glassdoor and Indeed to help job seekers make an informed decision about your company.

happy-employeeThere are lots of opportunities to build genuine EVP’s. I hope these few ideas will help you to start thinking about ways to develop authentic messages!

I would love to hear from you. Feel free to contact me twitter@annzalie.barrett or pca_icon_linkedin_111w_116hLinkedIn.

 

[1] http://recruitingdaily.com/glassdoor-reviews/

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Has Your Company Embraced Crowdsourcing to Improve Your Employee Value Proposition?

Crowdsourcing is one of the hottest conversation topics on the web. I predict it will be the most “buzzed word” of 2013. Companies are starting to pay attention to crowdsourcing as viable, cost effective ways to develop new product lines, new technologies, solve problems and improve service. Crowdsourcing is also important to HR as it can provide a wealth of knowledge in understanding employee experiences with a company’s employee

crowdsourcing

value proposition (EVP) and employment brand.

So, what exactly is crowdsourcing? The term crowdsourcing is a mix of the word “crowd” and “sourcing” first coined by Jeff Howe in a 2008 Wired magazine article “The Rise of Crowdsourcing”[1]. In essence it’s an online database where people can contribute content (written, video, pictures) by posting it in a public forum which can be viewed and shared by others. Availability on the internet makes it easier to search and find information. Integration with social media sites such as Facebook means reviews can be cross-shared to friends. Apps let you search and review on the go through mobile platforms.

To demonstrate the power and value of crowdsourcing to the business and HR, I thought I would do a cross comparison from two strategic crowdsourcing sites; TripAdvisor and Glassdoor.

tripadvisor_logo

 

I am an avid and loyal TripAdvisor member. Over the years I have become dependent on TripAdvisor to help me make informed decisions on what hotels to stay at when I travel. I find the reviews invaluable and will not make a decision without consulting TripAdvisor first. I also pay it forward by writing my own reviews, thus sharing my experience with others.

glassdoor_logo_250I was first introduced to Glassdoor through Facebook. I got a few invitations from friends in my network requesting I join.  At first glace I didn’t understand its value. However once I saw there were anonymous reviews providing real insight into the culture, work, management and environment of an organization, i was hooked.

Sites like TripAdvisor and Glassdoor are powerful because of their reach. As the stats below reveal, the traffic, membership and visibility on these sites is enormous  More importantly…they are still growing.

  TripAdvisor (Business) Glassdoor (HR)
Reach
  • World’s largest travel site[2]
  • 50M visitors per month
  • 20M business visitors per month
  • 1.5 Reviews posted every second
  • 21M registered users[3]
  • 260K companies globally
  • 5 company reviews
  • A new member joins every 7 seconds
glassdoor_reviewEvery company has a vested interest in promoting how great they are. They want to you buy their product and/or attract top talent. Crowdsourced reviews are powerful because they are authentic. They are reflective of genuine experiences from a variety of people who have interacted with the company.

90% of consumers trust peer recommendations compared to only 14% from advertisements[4]. This has put pressure on companies to become more authentic in their brand promise and employment value proposition.

  TripAdvisor (Business) Glassdoor (HR)
Authentic
  • Reviewers have actually stayed at the hotel.
  • They have no vested interest in portraying the hotel as good or bad.

 

  • Reviewers are either current employees or former employees.
  • Reviewers write reviews based on their employment experience.
  • Anonymity allows for more genuine feedback without fear of reprisal.
tripadvisor_travllerphotosCrowdsourced reviews are powerful because they are transparent about the brand promise. They help to answer the question, Is the company/employer genuinely delivering what the promise?
  TripAdvisor (Business) Glassdoor (HR)
Transparent
  • Pictures and videos of hotel rooms, bathrooms, restaurants, etc. from reviewers provide real examples of what is delivered versus what is being advertised.
  • Potential travellers have more realistic expectations about the product they will receive.

 

  • Viewers have more realistic expectations about day to day operations, work environment and management styles.
  • Employees rate the employee value proposition (career progression, growth, development, compensation, benefits, etc.) against what they experienced. This helps set expectations for future prospects.
tripadvisor_reviewsIt’s my opinion that companies should be grateful for crowdsourcing through sites like TripAdvisor and Glassdoor. Think about it. Customers and employees at no cost; are providing companies with feedback on what they’re doing well and what they can improve on.

Actionable Feedback. It’s a goldmine of rich data.

  TripAdvisor (Business) Glassdoor (HR)
Actionable Feedback
  • Reviewers provide suggestions for improve.
  • Reviewers provide feedback on what’s working.

Companies that are focused on continuous improvements can create action plans to fix shortcoming.

Positive feedback can be woven into marketing and advertising to highlight positive attributes, making the brand promise more credible.

  • Reviewers provide suggestions to Management on areas they can improve.
  • Reviewers provide feedback on things that are working well.

Employers can cross reference engagement results with reviews. Retention strategies can be created based on feedback.

Positive feedback can be woven into employment branding and the employee value proposition messaging, making them more credible.

 

If you reviewed two hotels at the same price point and one had predominantly negative reviews and the other had predominantly positive reviews; which one would you choose? Crowdsourced reviews are powerful because they influence people’s opinion and ultimately impact their decision. That has a bottom line impact.

 

  TripAdvisor (Business) Glassdoor (HR)
Reviews Impact Decisions
  • Positive reviews may yield more sales.
  • Negative reviews may result in a loss of a sale opportunity.
  • Companies can assess referral ratings based on reviews.
  •  Positive reviews may attract better talent to your organization.
  • Negative reviews may turn off top talent.
  • Employers can assess referral ratings based on reviews.
reviewsCompanies cannot ignore crowdsourcing’s impact on the bottom line any longer. Smart companies will acknowledge suggestions and make improvements to demonstrate they are listening. This willingness to change also builds credibility as reviews validate changes.

HR Departments should be conscious that employee opinions not only have a direct impact on talent sourcing strategies, but may also carry over to net promoter scores (NPS), product sales and customer retention. Dissatisfied employees may not buy or recommend company products to a friend. That impacts the bottom line.

 

 

 

 

 

By Ann Barrett, Director eRecruitment & Social Media Strategy


[1] http://en.wikipedia.org/wiki/Crowdsourcing

[2] http://www.slideshare.net/eTourismAfrica/trip-advisor-2012