BRANDING AND THE BOTTOM LINE

Branding, just as any other strategic endeavor, is about bottom line business results.
A brand makes attracting new customers and holding onto current customers cheaper.

Employer Branding does the same thing. It makes attracting talent cheaper and inspires turnover-cutting loyalty. Suddenly HR looks like a moneymaker.

So what would your CEO say to that?
“Why does our company need more than one brand?”

The answer, of course, is that you don’t.

The finer points of how the brand is communicated obviously differs from consumers to employees, as do the specific value propositions, but the core of the brand does not. It’s the still the same personality, the same voice, the same values.

HR is merely one of many stakeholders in an organization’s overall brand. It’s their role to communicate the brand in a compelling way to current and potential employees. Similarly, the CFO’s role as a brand stakeholder is to communicate the brand to the financial community. Marketing communicates the brand to consumers. PR communicates the brand to the media. But you never hear terms like “financial brand,” or “PR brand.”

Does HR really need its own term for this responsibility? I can deal with it if you can, so long as we don’t lose sight of the fact that it refers back to the same brand that everyone else in the company is talking about.

If everyone is striving for profitability then having just one brand is only natural. Just ask Phil Knight or Steve Jobs. Nike and Apple, two of the most desirable places to work, don’t do “employer branding.” They don’t have to. Their brands are so well integrated throughout every department that employees and consumers alike are attracted magnetically.

Whether you call it employer branding, employment branding, or just plain branding, your CEO still only wants to know how it can save money or make money for the company.

For more perspective, call BRANDEMiX.

Labels: brand, BRANDEMiX, Branding, Employees, Employer Branding

Here’s the first thing you need to know: There’s no such thing as an employer brand.

In reality, your company only gets to have one brand. It’s not as if you can have a consumer brand that targets consumers, an employer brand that targets employees, an investor brand that targets investors, and a vendor brand that targets vendors. You can’t simply build a different brand with a different meaning for each audience.

The reason? No one thinks that way. You only get one reputation. We don’t isolate our opinion of a company as an employer from our opinion of it as a product maker or service provider. We balance everything we know about a company and determine one attitude towards it. Wal-mart’s reputation as an employer doesn’t just hurt its talent acquisition; it deters some people from shopping there. Conversely, Oldsmobile’s inability to create desirable cars didn’t just hurt its sales figures; it made attracting top engineering talent very difficult.

Not surprisingly, employee loyalty and customer loyalty are highly correlated. It only makes sense to think of the brand holistically.

* Studies show a high correlation between consumers’ admiration for a company’s product and their willingness to work for that company and vice versa.

Since there’s only one brand for many targets, every department from HR to PR is thus a stakeholder in your brand. They all have a responsibility to hold up their part of your company’s reputation and their cohesion is critical. We can’t have the HR people scurrying around building a brand that clashes with what the marketing people or the PR people are doing.

The term “employer brand” merely speaks to HR’s responsibility as a stakeholder for the overall brand. HR owns the task of conveying the brand in a compelling way to the labor market.

It’s important to remember that your brand already exists. Employer branding is not about starting from scratch – trying to conjure up some positioning that you think employees will find engaging. You already have a culture, a vision, and values (and they’re all already being communicated by other departments). Your employees already have a certain attitude towards the company. Jobseekers already have preconceptions. The first step is simply to figure out what these things really are. A little hint for you … it’s not what’s written on your website.

** For help, BRANDEMiX is here.

Labels: brand, BRANDEMiX, Branding, consumers, Employees, Employer Branding, HR