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DESCRIPTION
High Employee Engagement ties directly to financial benefits for a company and companies with high Employee Engagement typically have distinctive and compelling Employee Value Propositions (EVP). We can define an EVP as what we offer our employees in exchange for their effort and commitment.
This presentation provides an overview to an EVP model, as developed by Sibson Consulting. The Sibson EVP model can be used to diagnose the effectiveness, develop, and improve our own EVP. The Sibson EVP model is a result of over a decade's worth of research through Sibson's Rewards of Work surveys of a national workforce sample.
This framework captures those factors that most contribute to Employee Engagement, categorized into 5 elements:
1. Affiliation
2. Work Content
3. Career
4. Benefits (i.e. indirection compensation)
5. (Direct) Compensation
This deck also covers other related frameworks developed by Sibson, including the Employee Engagement Model and Engagement Characteristic Matrix; and includes templates to be used in your own presentations.
The Sibson Employee Engagement Model dissects engagement into two critical factors: Vision and Commitment. Understanding what to do and demonstrating a commitment to the organization are essential for driving employee engagement. This model categorizes employees into four groups—Engaged, Enthusiasts, Renegades, and Disengaged—based on their levels of vision and commitment. This segmentation helps in tailoring strategies to boost engagement across different employee types.
The presentation also includes practical templates for implementing the Sibson EVP model within your organization. These templates are designed to align talent and HR strategies with the broader EVP, ensuring that compensation, benefits, and career development are in sync with organizational goals. This alignment is crucial for enhancing employee engagement, retention, and overall organizational performance.
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Source: Best Practices in Employee Engagement, Employee Value Proposition, Sibson, Turnover PowerPoint Slides: Employee Value Proposition (EVP) PowerPoint (PPTX) Presentation, PPT Lab
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