Employer Branding, as a term, was first publicly introduced to a management audience in 1990 and was defined by Simon Barrow, Chairman of People in Business; and, Tim Ambler, Senior Fellow of London Business School. It was meant to denote an organisation’s reputation as an employer. Since then, it has gained considerable acceptance in the global management community.
Employer Branding could also be defined as the image an organisation has, as a place for work, in the minds of the present employees and key stakeholders. Often considered as a combination of art and science, Employer Branding is concerned about the attraction, engagement and retention initiatives targeted at enhancing an organisation’s employer brand.
Advertise your workplace culture, values and goals to potential and existing employees.
Employer Branding helps companies attract and retain high performing employees. In the increasingly competitive market, use employer branding as a tool. In the process, you can create a productive workforce and help your organisation achieve long term success.
From an HR point of view, branding is very essential. In recent years, there has been a phenomenal increase in the entrance and success of Indian corporations in the global market. With the influx of multinational companies continuing to grow in India, along with Indian companies going global, the opportunities for India to contribute to the world economy has significantly increased.
In the present job markets, where companies are competing to attract the best talent, creating the right image of your company as an employer is a challenge. Employer Brand may at times assume more importance than critical factors like job profile and pay package. Thus creating the perfect image of your company in the minds of employees can be quite a task.
Building a brand is typically a two-fold process : External and Internal Branding.
The first is for prospective employees and the second is for the present set of employees. To develop a successful employer brand, the HR department of an organisation should first understand what perceptions and beliefs the current employees and the candidates aspiring to join in embrace about the organisation’s culture and brand promise. That would require some research.
It is really important to know your strengths and weaknesses as a potential employer. But what is more important is to understand how your employees, at all levels, perceive the organisation’s brand to be and what value they attach with it.
If a company has a good brand image in the market, it will help get the right kind of workforce at the right time and will also put the company in a position to control over employee cost. Contrarily, an organisation with no brand name has to shell out lots of money to attract and retain the right candidates.
A strong employer brand can help your organisation stand out.
In the present hiring conditions, it can be challenging to recruit and retain employees if you do not have a consistent employer brand.
A popular and compelling employer brand can help identify, attract and retain the right kind of people, people who are fit to perform the duties that your company requires them to perform.
Many employees prefer working for employers who have their own value system and have a proven track record of living by them. A great employer brand can make employees pick your company even when you do not have the resources to provide outstanding salaries or perks. You may become an employer of choice if you have a proper employer brand.
As India forges ahead to make its impact on the world, employer brand as a strategic human resource tool will gain greater importance in the Indian organisations. Take care while developing, communicating and marketing the brand so that it ultimately yields growth and profits.
Finally, just as a business does not remain static, an employer brand also does not. It is important to periodically measure the success of the employer brand and its continued relevance to employees through ongoing research.