The facts are alarming. This year, it is predicted that one person will enter the workforce
for every two workers leaving. By 2020, The Conference Board of Canada predicts there
will be a shortage of 1 million skilled workers.
According to The Conference Board of Canada, "the war for talent is fierce, and is likely
to become more so with the massive number of employees retiring in the next five years.
Top organizations are moving beyond the vanilla "employer of choice" concept to a more
rigorous strategy of attracting and retaining the right employees through branding."
High performance companies understand that the key to attracting and retaining talent is
to be, and be seen to be, a first-tier employer that can meet the needs of high
potential/high performance employees. Research shows that there is a direct link
between recruitment practices and high performance. According to a 2005 Watson
Wyatt study, companies with superior recruiting practices financially outperform those
with less effective recruitment programs.
To be effective, traditional marketing practices must be applied to recruitment. After all,
every candidate is a potential customer and every customer is a potential candidate. By
creating a strong employment brand, employers get the edge they need in the "war for
talent."
So, what are some areas to focus on when creating, living and enhancing your
employment brand?
Find a way to touch every candidate
For every opportunity you advertise, you attract a number of candidates. Most
organizations focus on the "right now" candidates—those who may fit the opportunity
today. Brand-centric organizations recognize the value in all candidates and view every
applicant as "potential" for existing and future opportunities, referral sources of top
talent, and existing or potential customers. With the help of technology, they track
applicants, acknowledge the receipt of resumes and notify candidates of their status.
Failing to do so may be perceived by candidates as a clear demonstration of how you
operate and how your company values its people. This is by far, the simplest way to set
yourself apart from your competition.
Leverage your Talent Pool
By tracking qualified candidates through the effective use of an Applicant Tracking
system (ATS), Customer Relationship Management (CRM) software, or even manual
processes, companies can draw on an existing pool of qualified, interested and, more
often than not, available talent. Effectively marketing to and mining from this pool of
candidates is far more efficient and cost effective than re-advertising or re-hiring a third
party recruiter. This is a great opportunity to market and leverage your employment
brand.
Train hiring managers on effective interviewing
The effect of poorly conducted interviews can leave candidates with a poor perception of
your company. Candidates tell people they know about their negative experiences,
resulting in a "knock" against your brand. By giving managers the skills, coaching and
support they need to conduct effective interviews, they become qualified to select the
best candidates for the position and provide candidates with a positive impression of
your company. In essence, the interview and the process surrounding it is an incredible
opportunity to enhance your company's brand.
Build and use consistent employment messaging
To help you develop key messaging around what makes you a great place to work, talk
to your employees. Draw on their positive experiences as well as your vision, mission
and value statements to help you craft key messaging that defines the employment
experience for your organization. Then, consistently and frequently communicate this
message internally and externally to reinforce your employment brand.
Have a "Great Start" Program
Every company can affect the retention of new employees during the first month of a
new hire's employment. By introducing a "Great Start" program, brand focussed
companies work to create a welcoming environment to ensure that a new employee's
first experiences will establish the foundation of their attachment to their new employer.
Orientation sessions and on-boarding programs are only the beginning. Helping them to
feel a part of the team, and enabling them to "live" the employment experience is the
ultimate destination. Your employees are spokespeople for your company, it's critical to
start them off right.
Conclusion
While there is little doubt that recruitment over the next decade will have its challenges,
we can mitigate some of these risks by embracing our employment brands and living
"best of breed" recruitment practices. At the most fundamental level, how we recruit,
manage the hiring process and bring new employees into our organizations is what will
set us apart from our competition.
This article first appeared in Ceridian Canada’s e-newsletter, The Specialist, March 2006
issue.
Untitled
Ceridian delivers best-practice Human Resource solutions to help customers acquire the best talent, pay their staff accurately and on time, improve HR decision-making and reporting, and drive employee engagement and wellbeing.
To learn more about our suite of HR solutions and how we can partner with your organization, click here or call us toll-free at 1-877-CERIDIAN.
© Ceridian Corporation. All rights reserved.