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The IUP Journal of Soft Skills : |
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Description |
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The
concept of `Employer branding' relates to attracting and
retaining the skilled human resources in the organization.
Employer branding is a holistic term taken from the field
of marketing and is related to strategic brand management.
Today's fast-paced changing business environment has a greater
impact on every organization's highly qualified and motivated
workforce. In order to keep pace with the changing market
dynamics, every organization is trying to place itself in
a unique position on the corporate ladder. There is a huge
demand for competent personnel, which is escalating steadily,
particularly the demand for vital positions which require
technical and in-depth expertise to meet the current requirements
of the job market. On the contrary, the labor market is
becoming more difficult due to the ongoing demographic changes
all over the world. Though the magnitude and pace of this
change may vary in different countries, many recent research
studies have outlined some significant facts.
There will
be a decline of 20% in the workforce population in the age
group of 20-29, while there will be an increase of 25% in
the age group of 50-64. If we consider that this will have
a direct impact on labor market in many organizations, this
will in return, generate the problem of the labor crunch
to find highly skilled and challenging successors to replace
at least 30 to 60% of senior executives. In the next five
years, it is estimated that a minimum of 70% of senior executives
will be eligible for retirement. Due to this reason, organizations
will face huge talent crunch and high job mobility among
the talented workforce. |
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Keywords |
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Modeling Employer Branding Communication, Human Resource Management, HRM, Organizational cultures, Branding strategies, Strategic brand management, Business environment, Customer
relationship management, CRM, Stakeholder, Nike, IBM, IT sector, Global employer branding company.
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