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Leveraging Employer Branding As A Key Business Strategy

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Many years ago, I heard a leader say that unless you earn the hearts and minds of people, nothing you do really matters. That advice took on a new meaning later on in my career, when I worked one organization that could draw hundreds of thousands of top talent per every open position posting and later observed another organization that struggled to attract any talent at all.

A key difference between the two organizations is having the ability to earn the hearts and minds of people. That complex quest can be achieved through leveraging employer branding as a key business strategy.

Why should we discuss the need to attract talent when there are lots of people looking for work? After all we have just gone through a major recessionary …show more content…

That is up nearly by 10% from August. That may be good news as a sign of a recovery economy. However, it is also bad news for those who wish to hold on to skilled talent. We haven’t even touched the subject of anticipated increasing retirements from the baby boom generation.

What can we do about a skills shortage in our organizations?

An Influential Solution: The Employer Brand Proposition

The challenges employers continue to face are how to retain and attract skilled talent. One of the most influential areas that too many organizations currently overlook is its employer brand as a key business strategy. Studies range in the reported cost of a new hire, purporting single hire expenditures from $10,000 to upwards of $100,000. And yet despite these hard numbers, Employer Brand International’s Global Research Study found only a mere 14% of companies are truly leveraging employer branding.

A formal definition of employer branding is “a targeted, long-term strategy to manage the awareness and perceptions of employees, potential employees, and related stakeholders with regards to a particular organization.” While the term 'employer brand ' reflects what people currently associate with an organization, employer branding has been defined as the sum of a company 's efforts to communicate to existing and prospective staff what makes it a desirable place to work, and the active

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