While studying MBA, a student comes across the term employee satisfaction. It is said that employee satisfaction is a moral duty of the company. From a survey, it was found that impulse satisfaction is directly related to the output and the efficiency of the company. To motivate the employees the tool of employer branding is put to use. Employer branding helps to bridge the gap between the employees and the organization.
In the process, the employee is rewarded for his contribution to the organization. It has scope for multiple long-term benefits. The great employer branding acts as a method to increase the face value of a company to the entire world.
Employee branding is the image of a company towards its employees. Let’s check out some of the exclusive benefits of creating employee branding.
Acts as bait to attract rare talent
One of the important objectives of an organization during recruitment is to get talented individuals. It is time-consuming and expensive from the company’s side of the operation. Employee branding is a broader concept, which includes quality products, customer services, media interaction, awesome websites, etc. In simple terms employee branding has a tremendous impact on the existing employees and the upcoming ones. If you are a candidate who which is to get a job, you will consider employee branding. More than three-fourths of potential job seekers focus on employer branding before considering a job.
Looking from a broader perspective, employer branding is a core factor in the experience of an employee and business activity. Employee branding is a vast domain that goes parallel with the vision of a company and the long-term benefits attached to it. From the traditional point of view, most companies work a lot to get raw talent. On the other hand, employer branding can help the company to skip the efforts of searching. It is an icon of the flexible work culture of the organization. Due to this icon of employee branding, potential candidates are eager to join the company. This is the method of employer branding to attract the best talents in the industry.
Leaves a psychological impact on the mind of employees
One of the key objectives of people to join the corporate world is to earn a higher salary to achieve a better living. In simple words, people love money in an account. But there are some minor exceptions. There are different people in the organization, and their thought process or ideology differs from one another. Some people are prone to monetary benefits. They are materialistic and money is their top concern.
On the other hand, few socialize. They prefer recognition and acceptance from the organization. They like job satisfaction in the profession. There are many instances where we here people preferring low-paid jobs in a company that has a better reputation. This is an important factor that can help a company to increase its savings.
Thus, creating a well-reputed company with a flexible work culture can help you with more than just savings. It leaves a psychological impact on the employees of the organization. They feel motivated and feel like they as a part of the organization.
It helps to reduce the recruitment cost
As mentioned earlier, the HR of a company spends a lot to recruit the best talents for the organization. With the help of employee branding, you try to position your company as the employees’ first option. This can act as a target for the upcoming candidates. A survey was conducted to understand the importance of employee branding to the recruitment cost. It was concluded from the survey that companies with wicker employee branding have to bear more expenditure than a company with better employee branding in the process of recruitment.
This research was conducted by LinkedIn. It was often found that some companies prefer to pay extra wages to their employees to cover up the undervalued reputation. In a market for intense competition among the corporates to recruit the best talent, most of the potential candidates will opt for the better-reputed company. Employee branding is an investment where the reputation of your company increases. Great employee branding helps a company to reduce its spending on the process of recruitment.
It can help you to promote your brand
There is a white difference between the employee brand and the corporate brand. But they are complementary to each other as their influences are correlated. The image of a company determines the business operation and its future. If the image of a company is negative, then the customer will less likely to engage with them. Similarly, if the company has a bad copper image then they are not willing to apply for the company.
It is said that if a company invests to improve employee branding, then it will have a dynamic effect on the corporate brand and its reputation. This can lead to increased engagement and active involvement of the employees. To increase employee reputation some other following steps should be taken. An HR needs to build a concrete strategy in employer branding. Building employee brand should be a critical component in the strategy of HR.
It is also advised to focus on employees’ happiness. Under a general study, it was observed that the happiness of the employees is directly responsible for the output of an organization. In other words, the happiness of the employees increases the efficiency of the entire team which increases the output amount. It is advised for the companies to provide volunteering social services to society.
Donating money during the natural crisis, student education, and blood donation can create a positive image for the company. It 21st century is the age of digitization, where social media plays a critical role. A company should be actively active on social media to present itself to the world. In the world of corporates, employees move from one place to another. If an employee is satisfied with the work culture of the company, then he can spread the positive experience to the world.
From the article, we can highlight the benefits of employer branding. The company should use employee engagement management tools to improve employer branding.