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Why attracting and retaining top talent may require an EVP reset

Supporting people and organisations to thrive | 6 minute read

For years, organisations have treated the Employee Value Proposition (EVP) as something crafted by leaders, promoted by HR and consumed by employees. But in a labour market defined by skills shortages, shifting expectations and widening business risk, this one way model is no longer enough. Today, the EVP must be built with employees, not simply communicated to them.

Key takeaways

1. A people‑built EVP - shaped with employees, not just for them - creates trust, credibility and stronger attraction outcomes.
2. Resetting your EVP can strengthen consistency across the employee lifecycle, reducing friction and supporting retention.
3. Shared ownership of your EVP supports long‑term business resilience through adaptability, engagement and capability.


Why this matters

With expectations differing across generations, roles and life stages, an EVP created in isolation can quickly become outdated. To stay competitive, organisations must prioritise input, insight and co‑creation, ensuring the EVP reflects real needs and shared priorities.


69%

Organisations that effectively deliver on their EVP decrease annual employee turnover by 69%.

Source: Gartner


10%

Employers with a poor reputation had to offer a 10% higher salary for talent to accept their position.

Source: HBR

To many organisations, communicating their EVP takes the shape of a carefully worded statement, a careers page refresh, or a few well designed slides that talk proudly about culture, values and purpose. This is all well and good, but what weight does that communication carry if what your employees experience day-to-day doesn’t match up?

The truth is this: An EVP is no longer about you, your organisation or even your competitors. It’s about the lived experience of your people from hire to retire.

Shared ownership is central to this shift. When employees can influence policies, behaviours and the experience of work, they’re more invested in the outcomes. This co‑creation makes culture more consistent, strengthens trust and ensures the EVP evolves with employee expectations.

Why the EVP needs a reset, not a refresh

Most EVPs were designed for a world where the organisation dictated the offer and employees accepted it. However, today’s workforce is now more informed, more mobile and far less tolerant of disconnects between promise and reality.

A reset means asking deeper questions:

  • Does our EVP truly reflect the day to day experience of our people?
  • Are we involving employees directly in shaping what the EVP becomes?
  • Is our EVP flexible enough to meet a multi generational workforce where needs vary dramatically?

Incremental change doesn’t close these gaps. A reset demands a shift from employer led design to shared ownership, ensuring your EVP is not aspirational but authentic.

The EVP as a driver of employee experience from hire to retire

A modern EVP must be woven into every stage of the employee lifecycle. From recruitment and onboarding to learning, wellbeing, recognition, redeployment and retirement, employees should feel a consistent, people first experience. It may seem a waste to invest in outplacement support for your leavers, but with the power of word-of-mouth and the existence of tools like Glassdoor, what your leavers say about your business is everything. Everyone expects a business to say they’re great, but if even the people that no longer work for you are saying it too, then that’s a great way to prove you also walk the walk.

Shared ownership strengthens this alignment. When employees have a voice in shaping these touchpoints, experiences become more coherent and credible. This translates into tangible outcomes for organisations, including:

  • Faster attraction of the right talent
  • Higher engagement and productivity
  • Reduced turnover in critical roles
  • Stronger internal advocacy and employer reputation

When expectations are co created and consistently delivered, trust grows - and trust is one of the most important currencies in today’s workplace.

Talent, EVP and long-term resilience

EVP is often seen as a branding or HR initiative, but it is increasingly a business strategy. Skills gaps slow growth, high turnover increases cost and risk, and disengagement weakens performance. A co created EVP directly impacts resilience by building stability, adaptability and capability through shared commitment.

When people feel supported, valued and involved in shaping their future, they’re more likely to stay, grow and adapt—even in uncertain times. Organisations with a credible, lived, shared ownership EVP are better placed to:

  • retain critical knowledge
  • redeploy and reskill as needs shift
  • maintain morale during change
  • respond confidently to disruption

EVP becomes both a leadership tool and a risk management asset.

Why an EVP isn’t about your competitors, either

Benchmarking can be useful, but your EVP should not be built around what others offer. Copying benefit packages or employer messaging often leads to misalignment and a lack of authenticity.

The most effective EVPs are grounded in employee insight:

  • what people value at different life stages
  • what drives performance and wellbeing
  • what support they need to thrive

This is where shared ownership is most powerful. By designing EVP through listening, collaboration and continuous feedback, organisations create something distinctive, credible and difficult for competitors to imitate.

Resetting your EVP for the future

Resetting your EVP doesn’t mean starting from scratch. It means being honest about what your people experience today, where expectations are shifting, and where your organisation needs to be tomorrow.

The future ready EVP is:

  • co created, not top down
  • adaptive, not static
  • experienced, not simply communicated
  • a partnership, not a proposition

In a competitive talent market, the winners won’t be those with the best statements, they’ll be the organisations whose people feel the EVP every day because they helped build it. And when employees choose to stay, grow and perform with you, that is the ultimate competitive advantage.

Want to find out more? Join our upcoming webinar

10th March at 10am

From proposition to partnership: Rethinking the employee value proposition (EVP) through shared ownership

Join us on our upcoming webinar, where we explore how a partnership-led EVP helps organisations remain resilient and people-first as technology reshapes roles, skills and expectations.

On this webinar, we'll explore:

  • Why employer-led EVP models are no longer fit for purpose
  • How to design an employee benefits package for a multi-generational workforce
  • Why investment in more meaningful learning and development programmes is essential to building capability whilst supporting long-term career growth
  • Why your EVP is a key strategic asset in attracting hard-to-find talent

Save your seat

Ready to unlock a more competitive, future‑ready EVP?

Ready to see how our EVaP model could transform your organisation? Book a chat with one of our EVP specialists today.


General disclaimer

This insights article is not intended to address any specific situation or to provide legal, regulatory, financial, or other advice. While care has been taken in the production of this article, NFP does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of the article or any part of it and can accept no liability for any loss incurred in any way by any person who may rely on it. Any recipient shall be responsible for the use to which it puts this article. This article has been compiled using information available to us up to its date of publication.


NFP contributors

Steve Foulger
Director of Organisational Transformation and People Services



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