In an intensely competitive business landscape talent acquisition and management is paramount to an organisation's success. As the saying goes, you're only as good as the people you employ-and Colombo Leadership Academy together with People Business is here to share exactly how employers can use a clearly distinguished and positioned employer brand to retain talent and attract the best into an organization.
Employer branding is a hot new buzzword in business circles. In much the same way a traditional corporate brand works, an employer brand projects the core values of a company's work culture to current and prospective employees. Businesses around the world in particular have begun to hone in on building their employer brand - or as it was formally known, an Employee Value Proposition (EVP). The Economist magazine notes that effective EVP management can bring home tangible benefits; including a 20 percent increase in the pool of potential workers, a four-fold increase in commitment among employees and a 10 percent decrease in payroll costs.
Colombo Leadership Academy is bringing a comprehensive EVP development programme to employers in Sri Lanka, alongside strategic partner People Business. The country's employment landscape is rapidly changing colour, with more businesses seeking to engage better with their employees in order to retain top talent and attract the best in the business. Employers are also faced with a severe problem of ‘brain drain’ due to the emigration of highly skilled personnel.
In this context, positioning an organisation as an employer committed to providing a rich and rewarding employee experience may prove to be a worthwhile investment. Colombo Leadership Academy's programme is geared towards developing this EVP and leveraging it for overall strategy execution and performance sustainability. CLA is a premier leadership development and transformation entity with a strategic partnership with People Business. “We have already signed up two large EVP projects with highly reputed Sri Lankan companies in the retail and manufacturing sectors,” shared Riaz Hassen, CEO and Director. “A well-defined EVP could well become the most promising competitive strategic advantage an organisation could create to achieve its edge over competition to attract, retain, motivate, develop and productively engage human resources to create desired business outcomes.”
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