2015 was a big year for employer branding. Because the job market right now is candidate driven, it seemed like every company was seeking an edge in the war for top talent. Employer branding was thought to be that edge. According to LinkedIn, 56% of recruiters made employer branding a priority in 2015. However, 91% of candidates were already evaluating employers based upon their employer branding. This statistic created a sense of urgency in Talent Acquisition circles. In the rush to adopt new employer branding strategies,many overlooked the fundamentals- what existing employees had to say. LinkedIn called this an employer's talent brand and it exposed critical gaps between what employers preached and what they practiced. Surveys such as Novo Group's 2015 Middle Market Report cited that 50% of candidates turned down jobs because of a lack of strong employer brand. In contrast, LinkedIn found that employers with strong employer branding attracted twice the candidates their competitors did. To avoid losing the war for top talent in 2016, it's time employers committed to realigning their employer branding.
2016 is a new opportunity for employers to start fresh with their employer branding. As the job market continues to grow, more hires will be done in 2016. The Bureau of Labor Statistics cites the unemployment rate is at 5% nationally right now and expects this to continue to decrease. As more people feel comfortable getting back into the job market, it will become increasingly difficult for employers to attract and hire the best talent. Novo Group cites 79% of middle market employers will look to their employer branding to provide the difference that candidates seek. If your employer branding is not in alignment, it's critical to start looking at the following elements of your employer brand:
Strong employer branding can be the game changer employers need to attract and hire top candidates. It's worth a review to find out if it's not in alignment with what your Talent Acquisition team may be presenting. Taking the time to assess these elements of employer branding with an eye towards alignment can help your company beat the competition in 2016!
Catherine, again - awesome post.
You definitely got me thinking with the 50% of candidates turning down jobs because of the employer brand. The thing that's interesting about that stat to me is that most candidates don't actually know what an employer brand even is, they just know what they don't like. So one thing I'd add to this list- have a test group of top performing employees look at your website and job postings to tell you what they like/don't like. Making changes based on our "gut instincts" doesn't always play out.
Realistically, we can't make everyone happy but if we can adjust our site to appease top performers, we're more likely to attract more of them.
Great post! Happy New Year!
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