As technology continues to transform and expedite the way we work, the job market for relevant, adaptable skills is evolving at a parallel clip. However, modern employers are struggling to keep up with that pace when it comes to retaining and hiring great candidates. In fact, there are now officially more job openings than unemployed workers, meaning that candidates are in the driver’s seat when it comes to having their pick of job opportunities. While exciting job descriptions matter, modern workers are increasingly looking for companies that promote social good, have a meaningful value set, and foster relationship between employees through events and learning opportunities. The race for top talent is fierce — but there’s a way to stay top of mind for job seekers and it’s through a little strategy called employer branding.
What’s exciting about this reality is that work and life are more blended today than ever before, so the opportunity to highlight how your company mixes the two is significant. We have dinner with coworkers, we connect again online when we’re home. We volunteer together, attend sports events, and even create clubs with one another to foster relationships around shared values. How you share these things is what will set your company apart from the rest.
In Mary Meeker’s Annual Internet Trends Report, she reveals that more people today have access to the internet than those who do not, and with that, access to everything about your company including details on physical workspaces, perks, benefits, management styles and interview reviews are ubiquitous. If not tended to, online forums can present your recruiting efforts with an uphill battle. To prevent negative online commentary, building and nurturing a genuine employer brand can do some of this very important work for you. Keep reading to discover what employer branding means, how it relates to growing your business, and ways to excite your team so they feel empowered to be your greatest company evangelists.
Your employer brand is the persona through which your employees and the public perceive your company values, business goals, and personalities of your workplace. A company’s employer brand manifests itself in many ways, but today can mainly be found through employee social media activity, public participation in current events, support of initiatives like volunteering, and of course the industry that your business is aiming to enhance.
When a job seeker visits your website, what do they see? Is it all sales information and product details? Is it difficult to find your careers page and company story? If yes, reconsider how you position these things; while emphasizing the success of your customers is hugely important, shining a light on the employees who make those wins come to life is equally critical. Afterall, customers love working with employees that are happy, engaged, and excited to deliver a great experience.
Unemployment rates in the states are at the lowest they’ve been in 8 years, clocking in at just below 5%. What does this mean for your business? Well – many things actually, but first and foremost, it means that the competition for top talent is on, and that candidates are in the driver’s seat when it comes to deciding between potential employers. In 2018, job seekers are more discerning when it comes to evaluating perks and processes like the availability of flexible work, career mapping and volunteering activities. After all, work and life are more intertwined today than ever before, so it’s imperative that you showcase your support of employees blending these work-life facets as it works for them.
You see, employer branding today matters, and the reasons are multiple. Studies show that more than ever, millennials find significant value in joining a company that aligns with their personal values. Does the company have a VTO policy (paid time off for volunteering)? Do they host a bring your child to work day? Do you host learning and development sessions or offer an education stipend? The ways in which you can market your employer value set are multiple. Showcasing those values on sites like Glassdoor, Twitter, Instagram and beyond offer the world outside of your office doors an idea what it’s like to be on your team from 9-5.
As you sit at your desk today, do you feel confident in your company’s value proposition? Do you have absolutely zero clue of what it might be? Consider your answer, and figure out what that means for your employer brand.
If you haven’t yet built an employer brand, check out our Employee Handbook that will help you brainstorm ways to create your own.
By encouraging a transparent dialog around work experiences, you’ll position yourself as a supportive, development-oriented employer. There’s no better way to highlight what life is like at a company than through your team itself.
The above tips will cascade into employees sharing with friends, family and other communities about their work experience. With work increasingly woven into various aspects of our lives, the way you equip your team to share this story is critical. To continue building your great business, be sure to prioritize your employer brand, and the positive effects will flow from there.