The breakdown of the classic employment deal is an opportunity for employers to refresh an outmoded employee value proposition (EVP) that no longer reflects the wants and needs of either the workforce or the organization.

Armed with detailed knowledge about their employees' wants and needs, employers can create a portfolio of programs they can tailor in unique ways for key segments of their workforce, such as critical-skill or high-potential employees, to improve attraction and retention. And they can vary the components of the portfolio, and their level of investment in those components, to align with financial realities, business goals and talent requirements.