“Companies with a poor reputation face an uphill battle in attracting talent”
Unlike The S.O.S Band or Deborah Cox in “Just Be Good to Me” employees and prospective candidates actually do care how they are treated.
A recent study from Allegis Group found that people are 5 times more likely to refuse considering an offer from a company with a bad reputation. In fact having a bad reputation could mean having to pay more than 30% extra to attract talent.
So it really does pay to be nice!
A global CEO survey from PwC shows that 93% of CEOs acknowledge the need to change their talent strategies – although less than a third have actually started to do anything about it. With 63% concerned about the lack of talent in this growth phase so companies need to make sure that their reputation internally and externally is as good as it can be.
The report from Allegis Group found that almost 70% of employees are unlikely to accept a job from a company with a bad reputation, thus limiting the talent pool significantly. So it’s important not only to treat current staff well, but also to make sure that every candidate applying to your company (successful or not) has a good experience.
…and for those who read this with the new Fat Boy Slim remix “Dub Be Good to Me” in their head, it’s 24 years since it was released!!!!
So until next time, I’ll leave you with this:
Tank fly boss walk jam nitty-gritty, you’re listening to the boy from the big bad city, this is jam hot. This is jam hot…