It’s easy for you to start talking about the products or services your company offers, but how do you talk about your company itself? It’s not enough to promote one of your own brands, companies must brand themselves as employers.
Brett Minchington, Chairman/CEO of Employer Brand International, defines your employer brand as “the image of your organization as a ‘great place to work’ in the mind of current employees and key stakeholders in the external market (active and passive candidates, clients, customers and other key stakeholders). The art and science of employer branding is therefore concerned with the attraction, engagement and retention of initiatives targeted at enhancing your company’s employer brand.”
Companies brand themselves as employers to convey to the world why their workplace is appealing in hopes of attracting good workers, which is especially important during the economic slowdown. As companies cut costs, getting the best people in the right jobs is even more crucial. Additionally, as companies expand into foreign markets competition for skilled workers increases.
While there are many ways to approach employer branding, one of the most important things is knowing who you are. Create a brand based on your company’s mission and objectives. The book Built to Last: Successful Habits of Visionary Companies demonstrates that companies with consistent, distinctive and deeply held values tend to outperform those companies with a less clear and articulated ethos. Product lines, profit strategies, cultural tactics, and organization structure can change – but a core ideology should not.
Your employer brand is who you are, and how others—both employees and potential candidates — view your company. Communicating your organization’s mission and values will attract and engage the like-minded talent who will directly affect your bottom line.
