Creating an employer brand is the most effective approach to facilitating a company’s ability in recruiting top employees. Employer branding requires more than just HR, marketing, or communications departments’ services, it is a concept that demands a holistic and strategic approach.
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Company as an employer of choice
An employer brand communicates why a company is an employer of choice, recruiting only top talent employees and providing unique work experiences. It allows a company to recognise, design, and convey its singular culture by integrating knowledge from HR management and communication.
Competo’s model of employer branding development includes a review, synchronisation, and the advancement of HR and communication departments.
What are the benefits of employer branding?
- A higher number of exceptional job applications,
- faster appointments to vacant posts,
- lower recruitment costs,
- an “employer of choice” image,
- being different from the competition,
- higher job satisfaction rates,
- loyalty and workforce inclusion.
EMPLOYER BRANDING IN NUMBERS
41 percent of employers estimate that replacing a staff member can cost at least $25,000.
92 percent of candidates would be willing to leave their current job, if they received an employment offer from a company with a good reputation and an attractive employer brand.
Costs of bad branding
Candidates demand a 10 – 20 percent increase in their compensation package when working for a company with a poorly developed employer brand, compared to those employed by companies with attractive employer brands.
83 percent of HR managers and recruiters would like to invest more in talent management, which is prioritised in their companies.
More than 80 percent of managers believe that an attractive employer brand is indispensable for attracting ideal employees.
84 percent of companies, which are among the best employers in the world, are managing their employment value proposition (EVP) effectively.
- Glassdoor: Top HR Statistics, 50 HR and Recruiting statistics for 2017;
- Lever: Ultimate selection of recruiting stats to know in 2017;
- Linkedin: Global recruiting trends 2017, Corporate Leadership Council research 2006;
Competo’s process of search and selection is designed to significantly reduce the possibility of choosing an inappropriate candidate.
Cooperation based on listening and support in building a better functioning culture of empowered and engaged employees.