Why is Employer Branding important?
A good employer brand means a reduction of turnover rates by 28% and cutting costs-per-hire by half. Additionally, 75% of active job seekers are likely to apply to a job if the employer actively manages its employer brand.
To be a little more specific:
- It attracts great talent and retains existing employees
- It reduces hiring costs
- It boosts employee engagement
- It defines and boosts your brand value
But in order to maintain your organization’s employer brand, you need a strategy that includes a robust set of tools that automate monitoring, planning, and activating campaigns. And there are many tasks that can be automated or facilitated by technology. These technological tools help in executing many painstaking, repetitive tasks, while some leverage AI to make “smart” judgments about certain tasks such as data analysis or scheduling. When integrated, they can serve as a powerful platform to activate your employer brand. With respect to HR technology, there are many to choose from but you have to choose what’s right for your company by establishing clear goals for activating and monitoring your employer brand.
Here are some tools to consider for your employer brand strategy:
1. Candidate experience tools
When it comes to engaging with applicants, HRTech automation platforms are recorded to be more effective when compared to human recruiters. This is because they enable seamless communication, 24/7. That’s how automation indirectly makes the employer appear as being more responsive, thereby, strengthening the employer brand.
Impress.ai is one such company that streamlines recruitment automation solutions, ensuring a superior candidate experience.
2. HR Tech platforms
HRTech platforms play an increasingly important role in boosting employee experience. They help keep employees’ satisfaction and also elevate employee engagement. For example, Impress.ai uses 15Five, which is a performance evaluation and management software, that streamlines employee experience with the company. Other HRTech platforms such as GreytHR, My Payroll, Talenox, etc have been used by organizations across the globe that helps foster a good company culture, which, again, is vital to employer branding.
3. Employee Reviews
Keeping a track of your employee performance is now made easy by employer review sites. These help you see your company from the point of view of the company’s past and current employees. These sites also facilitate as points of reference for job seekers. Thus, having a high rating on these sites directly leads to greater attraction potential. Glassdoor is one such site. Monitoring the reviews on these sites will help you keep a track of your company’s performance and address problems that could lead to your brand’s downfall.
4. Social Media Channels
Although this isn’t directly an HR tech platform, it does facilitate as one. Here’s how- brand communication via social media has a significant impact on building & maintaining employer brands. Candidates usually engage with the company via its social media channels, and it is important to maintain a stellar employer reputation in order to keep them engaged. Some of these channels include social networks like GitHub, LinkedIn, slack community, job portals, etc.
You can also use social media tools to tailor your brand’s communication by using strategies that work for your competitors. Using all the insights derived via what your audience has to say about your brand helps you know your customers better and improve your marketing strategy. Tools such as Hootsuite, TweetDeck, and Mention are a few specific examples that can be used for building your brand.
There are many HT tech platforms available in today’s tech-driven marketplace to help strengthen your employer brand. But, how well you utilize these platforms and invest in the right ones for your company, are decisions that could make your brand everything you’ve envisioned it to be. And because today’s HR tech leverages artificial intelligence to make “smart” judgments- when integrated, it can serve as a powerful platform to activate your employer brand.