If you’re going to put work into growing your employer brand, nurturing your culture, and sharing that story, you want to know that your efforts are paying off. And if they’re not, you want to know how to make sure they do. But without an understanding of what success looks like, you’ll stay in the dark.
We don’t want you to waste any of your hard work (and miss out on potentially great hires in the process), so today we’re helping you figure out how to measure your employer brand at every stage of the employee journey. From awareness to post-employment, we’ve compiled the most helpful metrics to determine how well you’re connecting with prospective employees, keeping current employees engaged, and hitting your goals.
Remember that without the right strategy and infrastructure in place, you won’t be able to move the needle, no matter how much data you track. So, before we dive into the concrete ways you can measure your employer brand, we have a few tips to set you up for success from the jump.
The better you measure your employer brand, the more successful you’ll be.
Your employer brand isn’t just about how you recruit, or what benefits you offer. Everything from your job descriptions to your culture influences how people perceive your brand. Thus, it’s important to measure how you’re doing at every stage of the employee journey.
⇒ 96% of companies believe employer brand and reputation can positively or negatively impact revenue, but only 44% monitor its impact.
Here, we’ve outlined some of the most insightful data to track for each stage. As previously mentioned, you don’t have to track every little thing, but it’s helpful to choose 2-3 main KPIs from each stage that will help you get a sense of your whole employer brand. This will help you understand where you need to make adjustments, and how you’re improving over time.
Note: Some of these recommendations may be more qualitative than quantitative. We always prefer hard data, but any insight or feedback can be helpful to measure your success.
At this stage, you want to measure your reach to understand how well you’re connecting with people, what they’re interested in, and how you can better tailor content to capture their interest.
For example, if you notice that people really enjoy your culture content on Instagram, you may want to tweak your ads to showcase your people.
The wider your reach, the more prospective job candidates you can attract. These metrics are crucial to help you understand not only just how wide your reach is but who you’re really speaking to.
For example, if you’re looking to reach a more diverse group of people, you may find the traditional platforms you’re using are not particularly effective.
The whole point of investing in your employer brand is to attract—and keep—the best talent. These data points will give you insight into how well you have advertised (and followed through) on your employer brand.
For example, if you find that you have plenty of diverse candidates, but you have a low acceptance rate, you may not be be emphasizing your commitment to diversity and inclusion in your content or conversations with candidates.
This is usually the more challenging part of employer branding. Keeping people interested, engaged, and satisfied isn’t easy, but understanding how people are feeling (and what might be influencing that) is crucial for your long-term success.
For example, if you notice an unusually high rate of new-hire turnover, you may be overpromising or misrepresenting your employer brand during the hiring process.
Naturally, you want people to stay with your company. But your employer brand relationship doesn’t end when employees put in their two weeks’ notice. Understanding how former employees feel about your brand is incredibly relevant and insightful.
For example, you may notice you’re losing employees to the same competitor, or for a similar reason (e.g., dissatisfaction with company direction).