Publisher
University of Tennessee at Chattanooga
Place of Publication
Chattanooga (Tenn.)
Abstract
In today's competitive job market, organizations are increasingly recognizing the importance of a well-crafted Employee Value Proposition (EVP) in attracting and retaining top talent. Recent studies show that companies with strong EVPs experience lower turnover rates and higher levels of employee engagement. However, the true power of an EVP lies in its ability to align with both organizational goals and individual employee needs, which can be tapped through the use of psychometrically validated assessments within EVPs. This presentation explores the critical role of assessments in developing and refining EVPs that resonate with potential and current employees. By leveraging data-driven insights about personality traits, cognitive abilities, behavioral/competency application, and work preferences, organizations can create more targeted and effective value propositions that speak directly to the motivations and aspirations of their workforce. In this presentation, we will examine how psychometric assessments can inform each component of the EVP, from compensation and benefits to career development opportunities and workplace culture. Participants will gain practical strategies for integrating these assessments into their talent management processes, ultimately leading to more successful recruitment efforts and increased employee satisfaction. The goals of this session will include learning the role and significance of assessments in EVPs, leveraging the diverse applications of assessments to increase the value of an EVP, and develop strategies for incorporating assessment data into EVP design and implementation.
Date
November 2024
Subject
Industrial and organizational psychology
Document Type
presentations
Language
English
Rights
http://rightsstatements.org/vocab/InC/1.0/
License
http://creativecommons.org/licenses/by/4.0/
Included in
Enhancing EVPs through Assessment: A Data-Driven Approach to Talent Attraction and Retention
In today's competitive job market, organizations are increasingly recognizing the importance of a well-crafted Employee Value Proposition (EVP) in attracting and retaining top talent. Recent studies show that companies with strong EVPs experience lower turnover rates and higher levels of employee engagement. However, the true power of an EVP lies in its ability to align with both organizational goals and individual employee needs, which can be tapped through the use of psychometrically validated assessments within EVPs. This presentation explores the critical role of assessments in developing and refining EVPs that resonate with potential and current employees. By leveraging data-driven insights about personality traits, cognitive abilities, behavioral/competency application, and work preferences, organizations can create more targeted and effective value propositions that speak directly to the motivations and aspirations of their workforce. In this presentation, we will examine how psychometric assessments can inform each component of the EVP, from compensation and benefits to career development opportunities and workplace culture. Participants will gain practical strategies for integrating these assessments into their talent management processes, ultimately leading to more successful recruitment efforts and increased employee satisfaction. The goals of this session will include learning the role and significance of assessments in EVPs, leveraging the diverse applications of assessments to increase the value of an EVP, and develop strategies for incorporating assessment data into EVP design and implementation.
Department
University of Tennessee at Chattanooga. Dept. of Psychology