universum research - talent insight report
TRANSCRIPT
Universum Talent Insight Report
Gauge how well the expectations of your target talent align with what you offer in order to attract and retain them with a cohesive Employer Brand.
Who We Are
Present in 60 countries with regional offices in New York
City, Paris, Shanghai, Singapore and Stockholm.
Serving more than 1 700 clients globally, including Fortune 100 companies.
Full service Employer Branding partner, taking clients from identifying
challenges, engaging talent to measuring success.
Helping the world’s leading organizations strengthen their Employer Brands for
over 25 years.
Surveying more than 1.3 million career-seekers,
partnering with thousands of universities and organizations.
Thought leaders in Employer Branding,
publishing content on C-suite level subjects.
Our Employer Branding content is published yearly
in renowned media, e.g. WSJ, CNN, Le Monde,
BusinessWeek.
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Outline
1. The Benefits of Insight-based Employer Branding
2. Knowledge to Kick Start or Optimise Your Strategy and Activities
3. Sneak Peek: What You Can Expect
4. Next Steps
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The Employer Brand matters moreResearch shows that a company’s Employer Brand is twice as likely to drive job consideration as its corporate brand
Lower turnoverCompanies with a strong Employer Brand have a 28% lower turnover rate than companies with a weak Employer Brand*
A competitive advantageOnly 69% of companies work with Employer Branding from a strategic perspective
Lower cost per hireThe cost per hire is more than twice as low for companies with strong Employer Brands
*Linkedin Whitepaper, Why Your Employer Brand Matters, 2012**Talent Attraction Barometer 2012 (How does you organization approach employer branding?)***Boston Consulting Group, Creating People Advantage 2012, Mastering HR Challenges in a Two-Speed World
2.4x revenue growth
28% lower turnover
rates
50%savings per hire
1.8x profit margin
increase
Your Return on Investment of Fact-based Employer Branding
Just as with a consumer brand, the Employer Brand consists of different associations. By influencing those associations you can drive your Employer Brand in the right direction.
To which employers are your target group attracted? Are these employers active within the same industry as you? What makes them attractive?
What drives your primary target group? What do they really want from their careers? Is this something you can offer?
What can set you aside from the competition? Should you re-think your messaging? What do you communicate today?
How does your target audience learn about employers today? Are you visible in these channels, and if so, what story do you tell?
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What You Need to Know: Optimising Your Employer Branding Work
These questions will all be answered inThe Talent Insight Report
The Foundation for Your Employer Branding Activities
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The TalentInsight Report
Understanding talent is the first step to becoming a more attractive employer.
• Attracting and recruiting the right people is a challenging task. Save time and money, and avoid the risk of communicating things that do not resonate with your target groups.
• Working with market intelligence will give you invaluable insights into the talent market. As many companies take advantage of fact-based decision-making, slow-adapters will attempt to navigate talent attraction in the dark.
This is a strategic tool that empowers you to capture the right talent by providing deep insights about the attitudes and preferences of your key talent groups and gives guidance on which topics to focus on and communicate going forward.
Comparison of Your Target Groups’ Preferences
UNDERSTANDING WHAT TALENT WANTS
TARGET GROUP COMPARISON
• The first step to meeting expectations is knowing what they are. You will gain a deep understanding of what your target talent want from a career and are looking for in an employer, all based on Universum’s scientific Employer Branding framework.
• Compare the preferences of up to 3 target groups and see how you need to adapt your message when communicating with the different groups.
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Employer Branding Analysisand Employer Attractiveness
HIGH LEVEL FINDINGS
ATTRACTIVENESS• Understand which employers the different target
groups find attractive. This will give you insights into which employers have the upper-hand in the war for talent, and with whom you are competing for talent.
• Get an overview of the main challenges and how to address them with the help of an Employer Branding SWOT analysis, critical KPIs and an Employer Branding Scorecard, which will help you plan and measure your future Employer Branding work.
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Your Tailored Solution
The Talent Insight Report is a strategic tool that empowers you to capture the right talent by understanding which topics to focus on for up to three different target groups. Find differences and synergies!
Thanks to the depth of our data collection, we can provide data from very specific target groups to provide actionable information for your Employer Branding strategy
Pick your target groups
Example target groups
• Business vs. Engineering vs. IT• Female vs. Male vs. Total• Students vs. Professionals • Accountants vs. Sales vs.
Consultants• Harmoniser vs. Careerists vs.
Hunter• Etc.
Create your own evaluation
General ProfileDifferent target groups have different profiles. A summary is presented for each of your selected target groups. Select your individual target groups!
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AVERAGE AGE
AVERAGE ACADEMIC PERFORMANCE
AVERAGE EXPECTED ANNUAL SALARY
AVERAGE AGE
AVERAGE ACADEMIC PERFORMANCE
AVERAGE EXPECTED ANNUAL SALARY
TOTAL GROUP 1
AVERAGE AGE
AVERAGE ACADEMIC PERFORMANCE
AVERAGE EXPECTED ANNUAL SALARY
GROUP 2
43% 57%
42 438 EUR 40 703 EUR 47 371 EUR
7,0 out of 10 7,0 out of 10 7,1 out of 10
22,9 years 22,7 years 23,1 years
34% 66%60% 40%
Performance in the Recruitment FunnelAnalyse your challenges along the recruitment funnel and see where you are losing talent. Understand your strengths and future focus areas.
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AWARENESS
CONSIDERATION
DESIRE
APPLICATION
AwarenessPercentage
Potential Applicants’ Ranking
ConsideredRanking
Ideal EmployerRanking
Group 1Group 2
Group 3
The Non-familiar percentage 96% 55% 76%
Considered Employer Ranking 63 48 21
Ideal Employer Ranking 75 64 25
Potential Applicants' Ranking 54 45 16
Get a Holistic Picture of The Drivers of Employer Attractiveness
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Employer Reputation & Image People & Culture
Remuneration & Advancement Opportunities Job Characteristics
Competitive base salary1. Competitive base salaryHigh future earnings2. High future earnings
Leadership opportunities3. Leadership opportunitiesAttractive/exciting products and services4. Attractive/exciting products and services
A friendly work environment5. A friendly work environment
Good reference for future career6. Good reference for future careerRecognising performance (meritocracy)7. Recognising performance (meritocracy)
Variety of assignments8. Variety of assignmentsLeaders who will support my development9. Leaders who will support my development
Professional training and development10. Professional training and development
Competitive base salary1. Competitive base salaryA friendly work environment2. A friendly work environment
Attractive/exciting products and services3. Attractive/exciting products and servicesVariety of assignments4. Variety of assignments
Leadership opportunities5. Leadership opportunities
High future earnings6. High future earningsGood reference for future career7. Good reference for future career
Professional training and development8. Professional training and developmentSecure employment9. Secure employment
Leaders who will support my development10. Leaders who will support my development
High future earnings1. High future earningsCompetitive base salary2. Competitive base salary
Leadership opportunities3. Leadership opportunitiesLeaders who will support my development4. Leaders who will support my development
Recognising performance (meritocracy)5. Recognising performance (meritocracy)
Attractive/exciting products and services6. Attractive/exciting products and servicesProfessional training and development7. Professional training and development
Good reference for future career8. Good reference for future careerChallenging work9. Challenging work
Market success10. Market success
TOTAL GROUP 1 GROUP 2
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Thanks…until next time
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