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In a market as competitive as life sciences, your employer brand is key to securing top talent
13 Mar, 20238 MinutesIn today’s increasingly competitive life science market, many active candidates are jugglin...
In today’s increasingly competitive life science market, many active candidates are juggling two or three processes when it comes down to offer stage, and the most in-demand passive candidates are approached by dozens of talent acquisition teams each month. With 75% of candidates looking into your reputation before they even consider applying to your vacancy, taking control over your identity as a workplace is one of the most effective ways of positively impacting your talent pipeline.
In the job climate of 2023, it isn’t enough to advertise a role and expect your ideal candidate will apply. In fact, less than 1 in every 20 candidates we place come from an inbound application as a result of us publicising a role. For the small number of candidates that do come in through active recruitment channels, they face more choice than ever before and often have multiple processes ongoing. With demand high, more life science organisations are gaining the attention of investors and hitting the limelight, and employers are able to attract a wider pool of talent with the adoption of remote working - all of which make it more difficult for smaller organisations to attract talent.
As a small to mid-sized organisation, your reputation as an employer of choice should be a consideration when it comes to growth strategy. Consistent messaging of what your workplace has to offer in terms of benefits, culture and opportunities is one of the most impactful ways of reaching that passive candidate goldmine. Effective messaging that taps into a candidate’s desires could be the difference between securing those ideal hires, or them accepting the offer of your competitor.
What do candidates want to know?
To understand where to start when it comes to your employer
branding strategy, it’s important to know what employees today actually expect
from their workplace. Passive candidates aren’t won over by the mission of a
company, the type of clients you work with, even your place in the market –
when considering a move, they want to know exactly what’s in it for them.
Sent at the right time, messaging that speaks to candidate
expectations doesn’t just support in attracting passive talent before they hit
the job boards, but can also help in pre-closing any candidates you might have
in process already.
Last year we surveyed more than 800 life science candidates
and asked about their motivations when it comes to career moves. From a list of
the most common employee value propositions (EVPs), the four that were most
popular among our respondents were flexible working options, clear career
progression, good work-life balance, and a competitive salary package (which
came out on top, with 70% of candidates saying this was essential).
Knowing what resonates with your ideal hires is key to constructing the right message, and these top desires are a good place to start. You can also uncover hidden facets of your current employer brand and what your candidates might expect by surveying your current employees, collecting feedback from candidates you’re interviewing, analysing data from exit interviews, and checking employment sites such as Glassdoor.
How do you get the message out there?
Employer branding is just one side of the coin – once you
have a clear idea of the message you’d like to present, it’s time to begin
recruitment marketing.
The careers section of your company website is
your shop window, and is important both as a dedicated channel for showcasing
your workplace and a place to direct your audience with the intention of
converting them to applicants. A dedicated careers page provides a good
framework for measuring the success of your employer branding and recruitment
marketing efforts, through traffic and conversions, which can be done through a
tool such as Google Analytics.
You should also consider how you could alter the content you
already use when undergoing a recruitment drive, such as reformatting
your job adverts to put your culture and benefits front-and-centre
instead of touching only upon the vacancy requirements itself.
When it comes to external messaging, think about where your
candidates spend most of their time and consider ways of involving your
business in the conversation.
One of the most popular and cost-effective channels for
employers to showcase what they have to offer is on the company social
media channels, particularly LinkedIn, the world’s leading online
professional networking channel. With the help of your marketing function (if
your organisation has one) consider how you might build regular and consistent
messaging of your EVPs into your existing social content calendar to reach the
passive talent networks that are on the platform.
Company channels aside, tapping into the networks of
your employees has the potential to increase your reach tenfold. The top
way people discover new job opportunities is through referrals, and influencer
marketing techniques tell us that people are more likely to trust a
recommendation when it’s coming from an individual compared to a business
entity. Effective use of this powerful resource can allow your existing team to
populate your talent pipeline.
Consistency is the most important factor when it comes to
building an impactful and sustainable employer brand, and with any marketing
activity you’re unlikely to see meaningful results overnight.
For guidance on how you can reach your ideal candidates,
devise the right message to market, stand out against your competitors, and
gain an advantage when it comes to attracting top life science talent to your
organisation, get in contact with us today.