2) Financial Stability
Companies that invest in employer branding could experience revenue growth as much as 3.5% and a 2.5% profit margin increase.
Having a good employer brand will ensure your company’s financial stability as well. Boston Consulting Group conducted a study that showed that companies that invest in employer branding could experience revenue growth as much as 3.5% and a 2.5% profit margin increase.
3) Engaged & Enthusiastic Employees
When your employees talk positively about your company, it will generate the interest of the public.
Companies with a strong employer brand have more engaged employees. Employees will have a higher level of motivation as they are proud to be working for a company with a strong employer image. Therefore, having a strong employer image will not only improve the perception of your company from the public, but also in your company as well.
Having enthusiastic employees is an important factor of growth in the company. When your employees can talk passionately about their work, they will put in more effort into their work as well. Employees should be able to converse about the line of business for which they are working. The company should have planned a future career prospects for employees and a great organisational culture. Employees that talk positively about your company will generate the interest of the public as they wonder what it is like to be working for your company.
Read also about three great companies that are really doing their Employer Branding Done Right.
4) Improved Recruitment Cycle
Your company’s online presence will create the first impression for the job applicant.
As mentioned in the first point, a company’s online presence is very important, and this affects the recruitment process as well. Job applicants will often research online about your company before applying for a job. Your company’s online presence will create the first impression for the job applicant. When you have a strong online presence and a positive employer brand, people can read good things about your company online. A company that is less promoted or less well known might not be as appealing as a well-known company to job candidates.
A good employer image will help draw attention to your company and aid your recruitment process. Top talents and graduates want to join your company and existing employees want to stay. Employer branding will help the HR department to have a better turnover rate as well. A company with a better yearly turnover rate is more appealing.
5) Employer Branding is Important for Recognition
Graduates and top talents wish to work for companies with a powerful and good reputation.
Having a strong employer brand allows your company to get recognition and increases your brand awareness. Graduates and top talents wish to work for companies with a powerful and good reputation. They often follow social norms and ask around for suggestions. There are many articles listing the top companies that university graduates would like to work for and these companies have successfully defined their employer brand.
Every company should try to be the first company potential employees will think of. If a company is not popular among the top talents and the community, negative word-of-mouth will spread, and that will affect the company. The ability to attract and retain the best talent in the market is key for any organisation. Therefore, companies should always try to be a striking employer that can provide a sense of belonging to its employees.