One of the key steps in any recruiting process is the development an “Employee Value Proposition” –an ‘EVP’– that answers the question “Why would a talented individual be interested in this role and organization?” for candidates. Think of this as the “pitch” presented to engage candidates in the recruiting process.
Why do you need this? Because top caliber candidates are not usually drawn to opportunities that do not offer clear benefits that resonate with them. In addition, combined with the competencies already defined, the EVP is an integral component in the development of recruiting tactics.
Different types of opportunities appeal to different people:
1. “Go with a leader” candidates seek opportunities with a recognized industry leader;
2. “Big risk, big reward” candidates are risk takers and seek above average returns;
3. “Make a difference” candidates seek an inspiring mission and exciting challenges; and,
4. “Lifestyle” candidates want a balanced lifestyle, convenient geography and compatibility with their boss and team.
A start-up likely won’t appeal to groups 1 and 4 and you probably wouldn’t want the 4s anyway.
Group 2s are likely early in their careers, don’t have significant financial responsibilities and can afford to take a risk in the short-term for long-term benefit. Group 3s may well be in their late careers, have financial security and are now looking for an opportunity to have an impact and make a difference. Group 2s and 3s are the ones you should go for to get your startup off to a strong start.
Research indicates that the top factors that motivate talent are:
• Values and culture;
• Leadership quality/good team;
• Exciting challenges;
• Inspiring Mission;
• Freedom and autonomy; and,
• Career advancement and personal growth • Differentiated compensation
The EVP targets candidate segments and should address the above factors to motivate those people to join your startup.
“Why have these companies (Google and Gilt Group) succeeded? It’s not the idea – it’s the people. Execution is what matters, and execution relies on human talent.”
Kevin Ryan, Founder and CEO of Gilt Group
Harvard Business Review, January-February 2012
Good strategies include key goals or milestones for the development of the business. The key,
as Kevin Ryan articulates, is to put the right human talent in place at the right time to achieve
key objectives which may include product development, concept testing, market scoping,
financing, etc. Getting the right talent in place in early-stage companies is imperative as each
role is “mission critical” – there is little margin for error.
Articulating key milestones will result in the identification of pivotal roles and functions. In
early-stage companies, these roles tend to be tactical in nature with very specific short-term
Once the pivotal roles have been established, the next step is to define the competencies
which are the set of skills, knowledge and behaviors necessary to fulfill that role. Skills are
what the individual is able to do developed from learning and experience. Knowledge is what
he or she knows or needs to know to apply those skills and behavior – or attitude – is how
the individual needs to act to be most effective. Behavior incorporates both emotional and
social components and therefore characteristics such as self-awareness and confidence, and
willingness to collaborate.
Competencies typically divide into three main areas:
•Functional and technical competencies – the skills and knowledge required to perform
the jobs or tasks.
•Professional competencies – the behavioural aspects of competency such as personal
and interpersonal skills and leadership characteristics.
•Core competencies – common sill sets and traits that reflect the organizational values
and culture, and skill needs
Building the talent necessary to achieve key milestones can be thought of as a special
type of “problem solving”. As in any process of this nature, the more effort and thought put
into defining the problem the more likely it will be successfully resolved. Early front end
investments in thinking through needs will ensure that the right people are in place at the right