A candidate value proposition taps into a candidate's desires and needs, and positions your company as the solution. Companies with superior candidate value propositions have a compelling answer to the question: "Why would a talented person want to work here?" Hence, you must think like a marketer.
In a McKinsey survey the top-quintile companies, in terms of shareholder value, outperformed mid-quintile companies in 13 out of 19 employee value proposition dimensions, and performed about the same in the other six. This stronger value proposition translates into a stronger pull on talent: 83 percent of top-quintile HR executives said their job offers are rarely turned down, and 88 percent said they seldom lose top performers to other companies.
So what is a compelling value proposition? Here are six attributes from the McKinsey survey:
- "Elbow room" that will allow a top performer to maneuver.
- "Head room" to allow them to make decisions without constantly seeking approval from the top.
- A clear link between daily activities and business results.
- A position that stretches but does not defeat.
- Something new to work on as often as possible.
- Great colleagues above, around and below.
Rather than look to an anonymous survey, here is what Jack Welch says are six attributes that make your company a great place to work:
- Preferred employers demonstrate a real commitment to continuous training.
- Preferred employers are meritocracies. Promotions are tightly linked to performance, and rigorous appraisal systems consistently make you aware of where you stand.
- Preferred employers allow people to take risks and do not shoot those that fail. A culture of risk-taking attracts the kind of creative, bold employees that companies need in a competitive global marketplace.
- Preferred employers understand that gender, race, and nationality are never limitations; everyone's idea matters. Preferred employers are diverse and global in their outlook and environmentally sensitive in their practices. In a word, preferred companies are enlightened.
- Preferred employers keep their hiring standards tight. Candidates should meet strict criteria that center around previous performance and intelligence. Talent has an uncanny way of attracting other talent.
- Preferred companies have a track record of growth and growth plans. Only thriving companies can offer a future with career mobility and growth. One of the most intoxicating things a company can say to a candidate is: "Join us for the ride of your life."
With a little time and brainstorming, a value proposition can be created for any career opportunity at any company. The best thing about having a compelling value proposition and being a preferred employer is that it attracts top talent and this launches a virtuous cycle. The best team attracts the best team, and winning often leads to more winning.
Learn more about Zenzola Group's proprietary hiring process. |