People and Organizations

The employee value proposition refers to elements or values which organizations offer and the employee might value or which might encourage them to join or retain in the organization   (Amstrong, 2009) . Ultimate aim is to become the employers of choice which communicate to employees Grate Place to work   (Amstrong, 2009) . Successful firms are able to meet the people’s expectations for a good job and great place to work. They became the employer of choice as the needs of people are met (Purcell et al , 2003). That helps them to attract the best talent to their organization. Factors that contribute to be a great place to work are   Interesting and rewarding work Opportunities for learning and development Remuneration Job security Work life balance   (Amstrong, 2009) State and privet sector banks in general has a higher employee value proposition in Sri Lanka compared with other sectors. There are 43 banks in Sri Lanka and 9 of ...

New generation employees or millennials enter in to the workforce with new values, attitudes and preferences towards work. How those values attitudes and preferences are going to affect the organizations and in which ways they attract and retain these employees is a hot topic among HR professionals these days. However real challenge for organizations is to create a multi-generational work environment to suit Baby boomers (born 1946-1964), generation X (born 1965-1981), and generation Y (or millennials, born 1982-1999) (Twenge et al., 2010). In 2025 work force worldwide mostly will be made of Millennials, in 2025 75% US labor force will be millennials (Emerson, 2019)   (Statistica, 2019) The Millennials were exposed during their teenage years to a Cultural Historical, economic and technological changes that have shaped their values and attitudes, preferred interaction styles, beliefs, and personal concerns and desires   (Sauser & Sims, 2012) . Some of those ...