Communicating a business’s “employee value proposition” or EPV – the package of rewards that it offers in return for the person’s performance at work – is having an increasingly positive impact on employee engagement, retention and recruitment, research has claimed. Aon’s Benefits & Trends 2020 Survey (registration required) suggests that although the percentage of employers who have, or are working towards, an EVP remains similar to last year (76 percent), the number that now communicate it to staff has increased. Of those employers that have an EVP, 77 percent now explain it to employees, an increase of 9 percent on 2019.

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Employers worried about rivals poaching their staff should be looking closer to home to spot their next competitor, a new study has claimed. In a survey of 3,000 UK employees by Synergy Creative, nearly half (47 percent) said that they would love to be their own boss, raising the prospect of them setting up in competition to their existing employer. Of those intending to find a new job in 2020, a third said their ideal job is to work for themselves, compared to 25 percent who are looking to move to another company. More →