Employer Brand: How Do Recruiting Prospects View Your Company?

by | Feb 14, 2019

by Ben Hess, Managing Director, ThirdPool Recruiting

There are some common components to a recruitment strategy.

The first, and perhaps the most important, is your employer brand.

Sarah Lybrand, a contributor to the LinkedIn talent blog, provides a concise definition of employer brand:

Similar to the way a corporate brand works (which offers a value proposition to customers, defining products or services in the marketplace), an employer brand includes the market’s perception of your company as an employer, but also describes your promise (or employee value proposition) to employees in exchange for their experience, talents, contacts, or skills.

The definition includes two parts—the market’s perception of your company and your unique value proposition to the agents who join your team.

You may think you can craft an employee brand story in a conference room and announce it to the world to be consumed and believed.

It doesn’t work that way.

Since most real estate companies have prominent consumer brands (in the local market), the customers’ perception of your company will initially have a large and defining effect on your employer brand.

Is there a gap between the consumers’ perception of your brand with who you want to be as an employer?

Employer brands can and should change over time to meet market conditions.

But, brands are like large ships. Moving the rudder today will not produce an immediate and noticeable change in the eyes of your recruiting prospects tomorrow.

That takes some time.

• • •

Search for other Recruiting Insight Postings


LIKE TO LEARN MORE?

The Simple Psychology of Real Estate Recruiting [2nd Edition]

Unlock the secrets of effective real estate recruiting. Revised to include actionable frameworks for sharper execution and to help you turn psychological theory into a repeatable recruiting system.

Take the Time to Craft the Right Message

The Great Talent Reset

The talent playing field in the real estate industry has undergone a generational reset over the last four years. Three consecutive years of the fewest existing home sales since 1995, a 34% decline in transactions, and a resale turnover rate at a 40-year low have permanently altered the talent landscape. Brokerages still operating with a 2021 recruiting strategy are actively donating production to the competitors who have adapted. These changes are the topic of a new, must-read whitepaper we’re releasing today.