It may be difficult for organisations to shift their focus from the effects of storm battered markets but the situation will end sooner or later, just like it always has done. The big question on everyone’s minds is when will it improve?
When distressed market conditions dictate that recruitment activities are temporarily shelved, the more astute companies crank up their engagement and retention machines. They will recognise that core employer branding principles are now more valuable and necessary than ever before. The ability to attract correct-fit talent, satisfy them that the organisation has solid prospects and engage them with experiences that inspire them to produce their best work and motivate them to stay has become a determining factor in an organisation’s ability to achieve and sustain success.
Judging from past experience, once the media decides that the worst is over, that we can breathe again and start the rebuilding process, we will witness a race to regain lost ground and re-engage with the jobs market. Those employers that have done their homework and honed their employment offer will be the ones attracting the cream of new talent and forging ahead with a committed and resilient workforce.
So where do you start? This is the time to stop worrying and to start planning. It’s time to get back to basics, strengthen your employer brand and ensure your own employees and key external audiences are exposed to it and recognise its value. Make sure it is differentiated once and for all from those of your competitors. Put your efforts into gaining an in-depth understanding of your employer brand and what it is capable of achieving.
1/. Employee Value Proposition
If you don’t have a well defined Employee Value Proposition (EVP) in place you are severely disadvantaged. An EVP sits at the heart of your employer brand. It is what your employment ‘experience’ delivers on functional and emotional levels – the essence of what makes you different and attractive as an employer. At Heywood Innovation the EVP model we embrace as part of our EmployerBrandGuidanceSystem comprises the EVP as the ‘beam’ supported by 12 ‘pillars’ as shown in the illustration.
These pillars represent the essentials that must be addressed in your employment offer.
2/. Communicate with your employees
Be honest. Tell them the truth. Don’t gloss over the reality of the situation and don’t pretend the company is immune to the changing market conditions, because they just won’t believe you. Be open and transparent. Reassure them. Explain simply and clearly the steps you are taking to address the changes. Tell your employees how much you value them and the important role they play in the organisation’s future. This should come from the organisation’s leader and be reinforced by group leaders all the way through the organisation.
3/. Take engagement with employees to the next level
What steps did you take to engage and motivate your staff before the market downturn? If they were proving less than effective, then I recommend you quickly review the reasons why and make improvements, because the coming months will prove a considerable test. Do you know to what extent employees are engaged and motivated? If not, it makes sense to find out now and plan accordingly.
4/. Don’t stop marketing
If you stop marketing your employment offer into the jobs market, future job candidates and your own employees may fear the worst and conclude that all is not well. If your competitors have stopped marketing their presence in the jobs market, take advantage of this and gain the upper hand by being top of mind when conditions improve.
5/. Reduce your recruitment and training costs
As organisations count the cost of staying in business and trying to make headway, positioned near the top of the list is the significant investment paid to recruiters to source new talent and the associated internal costs of inducting and training these people. These processes will be increasingly scrutinised.
My predictions for 2009 are that:
> more recruitment activities will be brought in-house
> induction processes will be reviewed and more closely aligned with employer brands that are well defined
> a new generation of intranet will appear that is more interactive with employees and is seen as a communications tool rather than an information repository
> internal communications will become more frequent and constantly reinforce the organisation’s values, vision and commitment to its employees
> 2009 will be the year when the value of employer branding rises considerably and claims a greater share of an organisation’s annual budget
Tony Heywood is a Fellow of the Design Institute of Australia, founder of Heywood Innovation in Sydney Australia and co-founder of BrandSynergy in Singapore.
tony@heywood.com.au
www.heywood.com.au
www.brandsynergy.com.sg
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