May 12 2009
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Company leaders are the most powerful Employer Branding tool - Global Survey Findings
Employer Brand Institute Chairman and CEO Brett Minchington said the research underscored how important it was for an employer brand to reflect the actual employment experience lived by employees. "Leadership behaviours and actions are the key to building a strong employer brand. No amount of investment will optimise the benefits of a strong employer brand unless leaders themselves can deliver the employer brand promise and cascade it throughout the organisation," Minchington said.
The survey also showed that companies were relying on a range of metrics to measure the success of their employer branding projects, with 42% tracking retention rates. Some 35% of respondents were tracking quality of hire, 30% recorded the number of applicants and 29% measure the cost per hire.
Whilst the survey found employer branding is now high on the leadership agenda many organisations lack the capability to leverage their employer brand due to the absence of a clearly defined strategy. The survey found only 16% of companies has developed a clear strategy for their employer brand. Interestingly, respondents also said having a clearly defined strategy is the key to achieving their employer brand strategy.
Other key findings of the global survey include:
Recognition as an employer of choice (32%), ease in attracting candidates (28%), decrease in staff turnover (25%) and reduced recruitment costs (25%) are the main benefits companies have gained from their employer brand program.
A company's corporate reputation and culture (average 6.1 on a scale of 1-7) is the most important attribute in attracting new talent to a company along with the work environment (6.07), career development (6.0) and the company's leadership capability (5.99).
The findings of the survey highlight areas leaders need to address and take action to position their employer brand to deliver shareholder value by attracting and retaining talent that is highly engaged in achieving the company's mission.
CEO/Managing Director (7%), Executive (8%), General Manager (6%), Vice President (4%), senior manager (20%,) Managers (29%) Supervisor (3%), Team leader (4%), Officer (7%) Administrator (3%), Other (9%)
Africa (54 respondents), Asia (399), Australia (522), Europe/UK (462), NZ (222), UAE (51), USA/Canada (315)
Employer Brand Institute
The Employer Brand Institute (EBI) is a global firm providing research, strategic consulting, publications, training and thought leadership in employer branding. EBI's expert services are provided through an international network of Senior Associates and an Advisory Team of leading professionals and academics from around the world. For more information, please visit www.employerbrandinstitute.com
For media inquiries please contact
Global Relationship Manager
Employer Brand Institute
+61 8 8443 4115
© Press Release 2009
© Copyright Zawya. All Rights Reserved.
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