Regardless of hiring slowdowns in sure industries and areas, college students and dealing professionals world wide stay assured concerning the hiring market—and leaders agree that hiring the precise expertise is nonetheless a problem, whatever the financial panorama, and new international analysis from Stockholm-based employer branding agency Universum reveals that a big majority assume they should enhance their office reputations to draw high quality candidates—and this want is much more essential in 2023 than ever.
The company’s eight annual Employer Branding NOW 2023 report, primarily based on its survey carried out through the first quarter of this 12 months, finds that amongst main employers in 75 international locations, 78 p.c say employer branding is a high precedence—up 11 factors in two years. Even for small- and medium-sized employers, the bulk say such branding is a essential space of HR funding, with near half of all of the employers surveyed growing their employer model budgets.
“However a flurry of stories about layoffs and financial contraction, most firms are nonetheless fighting a expertise shortfall, and the issue isn’t going to enhance anytime quickly,” stated Yusuf Azoz, CEO of Universum, in a information launch.
Further findings from the analysis embody:
Differentiation is a high precedence
Sixty p.c of main international employers say differentiating their employer manufacturers and EVPs from rivals shall be a key goal within the coming 12 months.
Employer manufacturers are revising their Employer Worth Proposition
Worker well-being and versatile working circumstances—areas of focus through the pandemic years—are actually emphasised in fewer than one in three EVPs. The explanation: these have grow to be baseline expectations, not “perks” supplied by an employer. Delivering a constant “on-brand” expertise for workers is more and more key given the continued threat of attrition.
Information-driven resolution making is now the norm
In 2023, 88 p.c of firms listed because the World’s Most Engaging Employers say they “ceaselessly” or “all the time” use information to drive selections—utilizing dashboards to watch each step within the recruitment funnel.
“Information-driven insights are completely essential when expertise markets are in flux, as they’re now,” stated Richard Mosley, Universum international consumer director, within the launch. “With so many cross-currents affecting perceptions and preferences it’s important to remain in tune along with your goal audiences and monitor your model picture.”
Obtain the complete report right here.
The agency surveyed over 1,700 expertise leaders from 75 international locations between February 15 and March 31, 2023, and over a 1000 college students and professionals.
