4 Employee Value Proposition
4 Employee Value Proposition
4 Employee Value Proposition
IN
SPECIAL TOPIC IN
HUMAN RESOURCE
MANAGEMENT
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Table of Contents
Page
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Maslow’s Hierarchy of Needs
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While maintaining an adequate birth rate shapes the intensity of the human sexual
instinct, sexual competition may also shape said instinct.
2. Safety needs
With their physical needs relatively satisfied, the individual’s safety needs take
precedence and dominate behavior. In the absence of physical safety – due to war, natural
disaster, family violence, childhood abuse, etc. – people may (re-)experience post-
traumatic or trans generational trauma. In the absence of economic safety – due to
economic crisis and lack of work opportunities – these safety needs manifest themselves
in ways such as a preference for job security, grievance procedures for protecting the
individual from unilateral authority, savings accounts, insurance policies, reasonable
disability accommodations, etc. This level is more likely to be found in children because
they generally have a greater need to feel safe.
Safety and Security needs include:
Personal security
Financial security
Health and well-being
Safety net against accidents/illness and their adverse impacts
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valued by others. People often engage in a profession or hobby to gain recognition. These
activities give the person a sense of contribution or value. Low self-esteem or an inferiority
complex may result from imbalances during this level in the hierarchy. People with low
self-esteem often need respect from others; they may feel the need to seek fame or glory.
However, fame or glory will not help the person to build their self-esteem until they accept
who they are internally. Psychological imbalances such as depression can hinder the
person from obtaining a higher level of self-esteem or self-respect.
Most people have a need for stable self-respect and self-esteem. Maslow noted two
versions of esteem needs: a “lower” version and a “higher” version. The “lower” version
of esteem is the need for respect from others. This may include a need for status,
recognition, fame, prestige, and attention. The “higher” version manifests itself as the
need for self-respect. For example, the person may have a need for strength, competence,
mastery, self-confidence, independence, and freedom. This “higher” version takes
precedence over the “lower” version because it relies on an inner competence established
through experience. Deprivation of these needs may lead to an inferiority complex,
weakness, and helplessness.
Maslow states that while he originally thought the needs of humans had strict
guidelines, the “hierarchies are interrelated rather than sharply separated”. This means
that esteem and the subsequent levels are not strictly separated; instead, the levels are
closely related.
5. Self-actualization
“What a man can be, he must be.” This quotation forms the basis of the perceived
need for self-actualization. This level of need refers to what a person’s full potential is and
the realization of that potential. Maslow describes this level as the desire to accomplish
everything that one can, to become the most that one can be. Individuals may perceive
or focus on this need very specifically. For example, one individual may have the strong
desire to become an ideal parent. In another, the desire may be expressed athletically. For
others, it may be expressed in paintings, pictures, or inventions. As previously mentioned,
Maslow believed that to understand this level of need, the person must not only achieve
the previous needs, but master them.
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Critical Organizational Attributes
What is Attributes?
Attributes in business pertain to brands or products, companies and even employees.
They can be best described as certain underlying characteristics that best represent all
brands or businesses in the marketplace. Companies may be strong in some of these
characteristics and weaker on others.
Critical Organizational Attributes (that candidates look for)
1. Attraction
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In the light industrial sector, where skilled workers are in high demand,
effective attraction strategies are vital for sourcing the best talent. This includes
showcasing career development opportunities, a commitment to safety and
technology advancements, and flexible work arrangements.
2. Retention
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3. Motivation
Employee motivation is the level of energy, commitment, and creativity that
a company's workers bring to their jobs. Your motivated employees are the ones
who roll out of bed almost every morning feeling excited to go to work and take
on new challenges.
Factors that influence retention includes the nature of work,
compensation, and appreciation of work.
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Employee Value Proposition (EVP) and Employee Branding
• Attracts talent by telling candidates what they'll get in return for working with the
company.
• Improves employer brand and differentiates the organization from competitors.
• Produces genuine candidates and helps retain good talent.
• Builds a positive culture and drives employee engagement.
• Boosts performance by offering benefits and opportunities to employee.
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What is Employee Branding?
• Attract top talent: A strong employment brand can help a company attract the
best candidates.
• Engage and retain employees: Employee branding can help improve employee
satisfaction and loyalty.
• Optimized online visibility: Employee branding can help improve a company’s
online visibility and reputation, which can lead to more job applicants and better
quality candidates.
• Better employee engagement and performance: Employee branding can help
improve employee engagement and motivation, which can lead to better
performance and customer satisfaction.
• Lower employee turnover: Employee branding can help reduce employee
turnover by making employees feel more invested in the company and its success.
• Lower per-hire cost: Employee branding can help lower the cost of recruiting
and hiring new employees.
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• Efficient talent pool: Employee branding can help companies build an efficient
talent pool by attracting and retaining high-quality candidates.
• Begin by explicitly delineating the requisite skills, credentials, and experience for
the position. This guarantees that both recruiters and candidates comprehend the
requirements.
• Create job descriptions that not just enumerate qualifications but also emphasize
the company's culture, mission, and perks. Create a compelling experience to
captivate the interest of highly skilled individuals.
• Develop a robust employer brand that highlights the distinctive and appealing
aspects of your organization to prospective recruits. Employ social media, the
corporate website, and employee testimonials to construct a favorable perception.
• Avoid depending exclusively on employment boards. Utilize a range of sourcing
channels, including employee recommendations, networking events, social media
platforms, and professional organizations, to access a varied pool of candidates.
• An Applicant Tracking System (ATS) simplifies the recruitment process by
automating duties such as resume screening, candidate correspondence, and
interview scheduling. It enhances productivity and guarantees a more seamless
recruitment process.
• Proactively strive for diversity in your pool of candidates and guarantee an
inclusive hiring process. Not only does this encourage innovation and creativity,
but it also has a beneficial impact on your company brand (Anand, V., et.al., 2018).
• Develop a comprehensive selection procedure that include evaluations, telephone
interviews, and/or video interviews to analyze candidates' abilities, compatibility
with the organization's culture, and motives.
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• Conduct thorough research on industry benchmarks to ensure that your
remuneration plan is in line with prevailing standards. Moreover, emphasize
certain advantages and privileges that differentiate your organization from others.
• Guarantee that candidates have a favorable experience throughout the recruitment
process, irrespective of the result. Timely and clear communication, honest
feedback, and consideration for their time are essential.
• After being employed, it is important to allocate resources towards training and
development programs in order to facilitate the assimilation of new employees into
the company culture and enhance their skill sets.
• Regularly evaluate and analyze your recruitment procedures to uncover
opportunities for enhancement. Seek input from both candidates and hiring
managers to enhance and perfect your approach.
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References
1. Anand, V., & Rajput, N. S. (2018). Status of Women in India: Empowered or Facing
Challenges for Survival. Kaav International Journal of Economics,
Commerce & Business Management,5(1),147-152. https://doi.org/DOI:
https://doi.org/10.52458/23484969.2018.v5.iss1.kp.spi.a27
2. Berger, L. A., & Berger, D. R. (2004). The talent management handbook: Creating
organizational excellence by identifying, developing, and promoting your
best people. McGraw-Hill
6. https://summitstaffing.com/blog/employee-attraction-and-retention/
7. https://www.bms.co.in/simplest-way-to-help-you-learn-maslows-hierarchy-of
needs/
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