We are talking today about the importance of keeping your people informed about what hiring is taking place and allowing your people to become brand ambassadors!
The benefits of keeping your people informed are tremendous as employee referrals harness the highest ROI. Reduce time to hire (55%), Cost of Hire ($3k), improve the quality of hire by 88% and increase retention @45% (after two years).
This all starts with continually marketing internally first, then expanding outward!
"Internal marketing is probably much more important than external marketing. That's even more true today than it's ever been."
Angelo Ponzi is the Founder & President of The Ponzi Group. He is a marketing and branding strategist that works with small to middle-market companies as their fractional Chief Marketing Officer in defining market opportunities, developing competitive profiles, audience personas, brand realignment, and strategies, to strategic, integrated marketing plans that help businesses compete in an ever-changing marketplace.
He focuses on three strategic pillars for success: Insights, Brand, and Plan to develop effective and efficient programs for building enduring brands and sustainable business growth.
Angelo is also the host of the radio show/Podcast, Business Growth Café.
What is it? Why is it importantHow to Structure a solid marketing campaign What is Employment Marketing?
- Promotion of the company’s mission, values, products/services to its own employees
- Improve employee engagement
What are the challenges facing today
- In most companies, this is non-existant
Marketing is left up to recruitingWhen it comes to marketing, companies focus externally and do not educate everyone internally. Internal marketing Creating brand ambassadors for hiring Everyone has a role in marketing, and need to get involved in what is happening. Get everyone to embrace what they are doing. Huge risk of alienating potential hires because they do not know how to market the company. Internal communication, internal operations, functionality Avoid potential issuesWho’s responsibility is it?
Recruiting- Internal referrals are your strongest source of talent
Informed employees are continually on the lookoutRequired Talent Acquisition & Marketing collaborationCultivate a referral programBrand messages reached 561% further when shared by employees vs the same messages shared via official brand social channels (Source: MSLGroup)Content shared by employees receives 8x more engagement than content shared by brand channelsIngredients for good candidate Experience
- How to deploy an internal marketing program
Set up a monthly meeting- internal chat or social platform toGet information to everyoneMake the messaging visible as possibleInternal emailExposure to marketing materialsEducate employees on how the work they do fits into the overall business to build a better understanding of their contributions.Steps for executing a plan - Process
- Conduct an internal survey to better understand the level of knowledge
Develop an internal marketing plan, similar as you would for external marketingEmpower an individual to be the internal marketing champion...not just an additional duty, but true responsibility with KPI’s- Align recruiting & marketing
Cultivate a referral initiativeEncourage promotion through social channels (Gamify)- Incorporate information about the company, markets and brand into the on boarding process
Update employees at least once a quarter, if not monthly on any changes that can impact their jobs and/or give them the ability to talk about the company beyond their functionMake sure employees are marketed to first, so they are aware of campaigns prior to the external marketing activities. This builds loyalty and inclusiveness among the staff.