Nalin Kumar Miglani
The algorithm that powers your employee value proposition How can we build an experience that delivers ‘more?’ A balance needs to be struck among the various needs a candidate or employee expresses
L Employee Experience
et’s start with a core truth that we all can agree on. All of us want to become
more. The idea of an Employee Value Proposition is built on this simple truth. Magic happens when you convert this truth to an actionable formula.
The elements of the formula
The first step is to recognise that an Employee Value Proposition is an experience, not a product. How can we build an experience that delivers ‘more?’
Great work attracts the best talent for the money you can afford. In addition, if you have a good brand, the probability of this happening goes up 28
| may 2022
Fortunately, the need states that constitute ‘more’ are easy to identify. In general, they apply to all of us. All of us: • Need more MONEY to improve our economic security, freedom and lifestyle. • Need WORK that is more interesting, challenging and makes us more valuable in the market. • Need more social recognition, normally delivered through the BRAND of our company. • Need more TRUST and
COMPASSION in our relationships at work. • Need more opportunities to be HEALTHY. Identifying these needed states is like identifying the variables in our formula. Assigning values to each variable and establishing the relationship between them helps build the formula.
Attracting Talent
For a person who is about to join a company, the play is mainly among MONEY, WORK and BRAND.
