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Universum’s Employer Branding NOW 2023 report highlights the continued emphasis on making Employer Branding a top priority.
According to a the results found in Universum’s survey, the World’s Most Attractive Employers (WMAE), a staggering 78% of respondents stated that Employer Branding is now a top priority, marking an 11-point increase over the past two years. This trend is not limited to large corporations alone, as the majority of small and medium-sized enterprises also consider Employer Branding to be a critical area of investment within their company.
The shift towards prioritizing strong Employer Branding can be attributed to the realization among company leaders that the success of their organizations hinges on the quality of their talent pipeline and talent management. By cultivating a positive Employer Brand, companies are not only able to attract qualified candidates for immediate job openings but also build long-term relationships with potential hires who may be suitable for future roles within the organization.
Crafting an effective Employer Brand, however, is no easy task. Employers face the challenge of creating a brand that is not only clearly defined and differentiated but also authentic to the lived experiences of their employees. Aviv Weizmann, an expert in Employer Branding, highlights the issue of undefined and unintentional recruitment processes within companies. Even well-known brands can struggle to attract and recruit potential employees due to a lack of a clear and compelling Employer Brand. To overcome this challenge, organizations need to establish a distinct and captivating Employer Brand that serves as a guiding North Star, enabling them to both attract and retain the right employees.
Additionally, companies must navigate the evolving expectations and values of their employees regarding career priorities, work-life balance, and flexible working arrangements. The rise of remote and hybrid work models has further complicated the task of aligning employee expectations with business needs. Richard Mosley, Universum Global Client Director, emphasizes the importance of striking a delicate balance between signaling an employee-friendly and flexible workplace while also maintaining expectations for productivity and accountability.
Despite the broader economic slowdown, recruitment marketing budgets remain robust in 2023. Nearly half of the organizations surveyed reported an increase in their budget since 2022, indicating a continued investment in Employer Branding efforts. This trend underscores the recognition of the long-term benefits that come with a strong Employer Brand, including improved talent acquisition, increased employee engagement, and enhanced organizational performance.
Investing in Employer Branding is not just a short-term strategy; it is a proactive approach to building a sustainable talent pipeline and ensure the future success of the organization. Companies that prioritize Employer Branding today are laying the groundwork for filling critical roles in the next one to three years. By establishing a compelling Employer Brand, organizations can foster a positive reputation, attract top talent, and cultivate a motivated and engaged workforce.
Employer Branding has emerged as a critical priority for organizations in 2023. The need to attract and retain top talent, coupled with the evolving expectations of employees, has driven this shift towards investing in Employer Branding. Creating a clearly defined and authentic Employer Brand is essential for organizations to successfully navigate the challenges of talent acquisition and management. As companies strive to strike the delicate balance between employee-friendly practices and business objectives, the significance of Employer Branding in shaping organizational success becomes increasingly evident. By investing in it today, companies can build a strong talent pipeline, foster employee loyalty, and position themselves as desirable employers in the competitive job market of the future.
This is one of the many key takeaways discussed in Universum’s recent Employer Branding NOW 2023 report. For more key takeaways and a deeper dive into the findings, download your free copy of the eBook today!
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