ROI of Employer Branding and Talent Marketing
What is the ROI calculator about?
In a competitive job market, selling jobs is not enough to get the attention of top talent. The real challenge lies in making your organization the top choice for talent. This is more important for small and mid sized companies who compete for talent with well known brands and with deep pockets. Hence, companies need to invest in building an employer brand that is an authentic representation of what employees “think, feel and do” in your organization, and how this offers a great and different working environment for talent. However, TA leaders are often asked about the ROI of investing in employer branding and talent marketing.
If you are someone who is just getting started with employer branding, or building a business case to ask for budgets to invest in employer branding, this calculator will help you. The ROI comprises four key elements which add up to a staggering 1003%.
A robust employer brand not only attracts talent but fosters loyalty. Employees who resonate with your brand are more likely to stay, reducing turnover costs and creating a stable, productive workforce.
Decrease in Time to Fill:
An attractive employer brand streamlines the hiring process. When your reputation precedes you, top talent is eager to join, reducing the time it takes to fill key positions and ensuring business continuity.
Decrease in Cost to Fill:
A strong employer brand reduces recruitment costs. Candidates are drawn to your organization organically, cutting down on expensive sourcing methods and allowing you to allocate resources more efficiently.
Increase in Conversion Rates:
Talent marketing enhances your ability to convert potential hires into committed employees. A compelling narrative and strategic communication attract candidates who align with your values, resulting in a higher conversion rate at each stage of the talent lifecycle..
These four pillars collectively contribute to an astounding 1003% ROI on your employer branding and talent marketing investments. Beyond selling jobs, it’s about being the undeniable choice for top talent – a strategic advantage that pays dividends in retention, efficiency, and overall organizational success.