Please assist in answering questions on human resources recruitment and retention practices:
Problem 1. Organizations offer employee benefits for several reasons. First, they want to be attractive to potential candidates. Second, to increase employee morale.
- What makes up the Employee Value Proposition (EVP)?
- Give an example of an EVP and explain how it makes a company more attractive to a potential employee.
Problem 2. Pay is not always as simple as picking an amount to pay an employee. You must factor in a variety of elements to come up with the perfect amount. This is not always agreeable between employer and employee. One approach is to use job-based pay or person-based pay.
- Can you describe the difference between these two approaches?
- How do you choose which one to use and when?