Think you don’t need an employer branding strategy? Read on about a few numbers.
88%
The percent of employees, out of 19,000 surveys and exit interviews, who leave an organization for reasons other than money. In that same survey, 89% of employers said they believed that employees left only because of money! (The Saratoga Institute)
What this means for you: Don’t think you can’t compete just because you can’t offer top dollar. Generations X and Y consider many other factors, including culture, perks, flexibility, and corporate responsibility. If offering average pay and benefits is scaring you from reaching out to prospects, rest assured that your organization probably has one or more other strengths that will impress prospective employees.
60%
The percent of employees who would recommend jobs at their company to a close friend or family member — but employers say that only 23% of their employees participate in employee referral programs! (Bernard Hodes Group)
What this means for you: Organizations must do more to encourage their employees to refer talent. More than half your employees want to refer friends; they either don’t know how or don’t think about it when the opportunity comes. If you don’t have a referral program, you should create one. And if you have one, you should explore ways of getting information to your employees in a continuous, memorable way.
55%
Percent of employees, from more than 1,700 organizations worldwide, who believe “it’s important that other people want to work for my employer.” Employer Brand International)
What this means for you: Employer branding isn’t just for recruiting; it can help retain talent, too. Just as employees leave for reasons other than money, they also stay for reasons like reputation and pride in work. Even if your recruiting is going somewhat smoothly, employer branding can help keep your current employees satisfied and productive, lowering your overall hiring costs.
51%
The percent of global employers, out of 632 surveyed, who believe that not having the right people had some effect on their companies’ losing business. (Universum EB Insights 2011)
What this means for you: Talent can be an unappreciated, overlooked, and under-funded resource. Some CEOs are familiar with cost-per-hire, but what about quality of hire? The wrong hire can cost more money than not hiring at all. In this economy, it may be easy to fill certain positions with warm bodies, but finding top talent who will lead the next generation of your company requires a compelling, differentiated message.
3%
The percent of employers, out of a survey of 175 HR, communications, and marketing professionals, who said they had no employer branding strategy. 51% had an established strategy and most of the others were in the process of developing or refining theirs.(Bernard Hodes Group)
What this means for you: You must have an employer branding strategy. Presuming that you are an “employer of choice” and don’t need to reach out to job-seekers is no longer an option. Ninety-seven of your competitors are communicating their mission, vision, values, culture, and benefits to your talent pool; you have to get in the game or you’ll give away the victory.
15 comments
rss | trackback
Tom Fosgard Aug 22, 2012 at 12:18 pm
Very interesting numbers! Thank you.
Ken Schmitt Aug 22, 2012 at 7:06 pm
Fascinating! A great eye opener for companies who want to be competitive and “get in the game.” As a career management and recruiting firm, we see a lot of companies who need to work on their branding. Through experience with hiring managers within a company I can see what great opportunities they have to offer, but if this isn’t branded within as well as outside, the talent pool shrinks and they can’t maintain what works well for them.
Ken Schmitt
http://www.turningpointsearch.net
Employer Branding Numbers Everyone Should Know – ERE.net « e-RH Aug 23, 2012 at 10:24 am
[...] on http://www.ere.net Share this:TwitterFacebookGostar disso:GosteiSeja o primeiro a gostar [...]
Tom Richter Aug 23, 2012 at 11:32 am
Very telling numbers, but unfortunately so true…
Howard Adamsky Aug 23, 2012 at 3:18 pm
Facinating article.
I love numbers that are simple and clean and presented in this style.
HR Blogposts der Woche 34/2012 | HR Software Blog Aug 24, 2012 at 10:05 am
[...] vom Employer Branding Employer Branding wird immer wichtiger und um das darzustellen stellt ERE einige wichtige Zahlen vor. Unter anderem geben 88 % der Mitarbeiter die kündigen an, dass die [...]
Employer Branding Numbers Everyone Should Know.. « Jackson Rose Recruitment Solutions Blog Aug 24, 2012 at 11:29 am
[...] on http://www.ere.net Share this:LinkedInTumblrPinterestStumbleUponRedditDiggFacebookTwitterLike this:LikeBe the first to [...]
Chris Van Mossevelde Aug 27, 2012 at 10:03 am
Check out Universum’s latest study, run during the first half of 2012 http://www.universumglobal.com/Talent-Attraction
Brainstorm Bulletin, Mon Sept 10, 2012 | Brainstorm Sep 10, 2012 at 6:23 am
[...] you may be taking a back seat to your competitors with a defined employer branding strategy. Article News Date: August 22, [...]
Gareth Jones Sep 10, 2012 at 12:57 pm
The first stat says it all – organisations are totally out of touch with what their employees are really thinking. With all the conversational technology available to us now, this situation is not at all funny – its a crime and represents a total failure of leadership.
What is Employer Branding and how can it help hire Life Science people? | Hampton Scientific & Executive Search Services Oct 28, 2012 at 11:08 pm
[...] Employer Branding Numbers Everyone Should Know (ere.net) [...]
Analytics is key to understanding & building your Employment Brand | The Source Mar 29, 2013 at 1:34 pm
[...] Here are a few Employer Branding Numbers Everyone Should Know! http://www.ere.net/2012/08/22/employer-branding-numbers-everyone-should-know/ [...]
Why Your Company Should Create a Talent Community Apr 7, 2013 at 1:45 pm
[...] methods of keeping talent pools together — email and phone calls — are now outdated. But while 55% of employees believe it’s important that other people want to work for their employer, 60% say [...]
Why Your Company Should Create a Talent Community | Eptins Apr 20, 2013 at 6:50 pm
[...] methods of keeping talent pools together — email and phone calls — are now outdated. But while 55% of employees believe it’s important that other people want to work for their employer, 60% say [...]
Magazine Demo » Why Your Company Should Create a Talent Community Apr 27, 2013 at 12:43 pm
[...] methods of keeping talent pools together — email and phone calls — are now outdated. But while 55% of employees believe it’s important that other people want to work for their employer, 60% say [...]