What really attracts top talent? Why EVP matters more than pay

While competitive compensation remains a key part of any offer, it's no longer the defining factor in attracting high performers.
The real differentiator? Your reputation—and more specifically, your Employee Value Proposition (EVP).
At South End Partners, our Toronto-based recruitment and talent strategists work with leadership teams across industries who are focused on building long-term talent strategies, not just filling roles. Time and time again, we see the same truth play out: organizations with a clear, compelling, and authentic EVP consistently attract stronger candidates, reduce turnover, and elevate their employer brand.
The EVP: Your Most Underleveraged Talent Asset
An Employee Value Proposition is more than a branding exercise or a section on your careers page. It’s the answer to one critical question: Why should a talented person choose to work here—and stay?
Your EVP encompasses everything from your culture, values, and mission to the actual experience of working at your company: the development opportunities, leadership quality, flexibility, recognition, and the day-to-day atmosphere.
When done well, your EVP aligns who you say you are with how people actually experience your organization—from first interview to long-term tenure.
What the Data Tells Us
A growing body of research supports this shift. Studies from LinkedIn, Gartner, and others show that a company’s reputation and EVP influence a candidate’s decision more than the specific role, title, or salary.
This is especially true for top performers—those who can afford to be selective. They’re not just looking for a job; they’re looking for a workplace where they feel aligned, valued, and able to grow.
For these candidates, money is the baseline. What really moves the needle is purpose, people, and culture.
A Strategic Imperative, Not a “Nice to Have”
In today’s market, EVP is no longer a nice-to-have—it’s a strategic imperative.
The companies that are winning top talent have done the hard work of defining who they are and what they offer employees. And just as importantly, they’ve ensured that this promise is lived every day. From leadership behaviors to onboarding, from performance management to internal mobility, they’ve built consistency between what they say and what employees experience.
The result? Stronger employer brands, lower attrition, and higher engagement. And in the case of our clients, better business outcomes.
EVP in Action: What It Looks Like
At South End Partners, we’ve helped organizations shape and activate their EVP in ways that make a measurable difference. Recently our team worked in partnership with a global manufacturer struggling to attract engineering talent to revamp their EVP. Our team helped the leadership team to highlight their commitment to sustainability and innovation—two qualities that deeply resonated with their target candidate pool.
The change wasn’t just cosmetic. Leadership started showing up differently, internal communications were refined, and teams were empowered to bring that mission to life. Within six months, the company saw a meaningful uptick in quality talent attraction and a measurable improvement in employee engagement scores.
This is the power of an EVP that’s not only clear, but consistent.
A Poor Employee Experience Hurts More Than Your Reputation
On the flip side, a weak or misaligned EVP is one of the biggest risks to your long-term talent strategy.
If the employee experience doesn’t match the message, it doesn’t just impact morale—it affects retention, referrals, and your ability to rehire. Disillusioned employees talk. Candidates read reviews. And reputation gaps become hard to close once they’ve opened.
That’s why your EVP must be grounded in truth. It should reflect who you are today, while also communicating what you aspire to become. It’s not about sugarcoating the challenges—it’s about being honest and consistent about what people can expect.
Where to Start
If you haven’t defined your EVP—or if it hasn’t been revisited in a few years—it may be time for a reset. Here are a few places to start:
Ask your employees: Why do they stay? What do they value most? What would they change?
Audit your candidate experience and employer brand messaging. Are you making promises you can’t deliver on?
Align leadership around a clear narrative. Your EVP is only as strong as your most visible leaders.
Embed your EVP into every stage of the talent lifecycle. From recruitment to performance reviews and from onboarding to offboarding.
Not sure where to start? We can help.
At South End Partners, our Toronto executive recruiters work with large and small organizations across industries to help them find the right leaders for the right opportunities using an objective, data driven approach.
We also provide comprehensive HR consulting services including onboarding support, interview coaching and training, and strategies to develop your superstar teams.
Reach out to find out how we can help you today!