|HR Branding: How HR Can Learn from Product Branding to Improve Attraction, Selection, and Retention.|
By Derrick Kim and Michael C. Sturman Ph.D.
Thursday, 3rd July 2014
Brand equity and human capital are two critical assets that support a firm’s short-term stability and long-term success, while businesses have recognized the power of brand management for attracting and retaining external customers, companies are only beginning to realize the potential benefits of HR brand management for attracting, selecting, and retaining internal customers (i.e., employees).
The purpose of this report is to introduce CHR readers to the concept of HR branding.
Our purpose is to review the research and implications of the branding literature, and then to describe how human resource management can draw on these lessons to influence human capital.
Specifically, we will (1) define HR branding, (2) detail its potential for attracting, selecting, and retaining employees, and (3) describe how firms can manage their HR brand to achieve this potential. Many examples of firms engaging in HR branding practices are provided throughout the paper.
We argue that human resources can learn from marketing, thereby managing three components of a company’s HR brand—its reputation, culture, and total value proposition. Ultimately, HR branding can be used as a strategic tool to manage different aspects of the employment experience.
Download the full article HERE.