We all want to save money, and cutting back on marketing can seem like a good way to do it. But if you're considering reducing your marketing spend, take a moment to think first.
Marketing is an investment in your company's future. Without the right marketing strategy, the results from other investments such as an ATS, LinkedIn, or sales training may not occur. What you need to do is measure the results of your efforts, so that you know what works and what doesn't work for your business.
If you are thinking about cutting your marketing spend, here are some reasons why you should reconsider:
It’s easy to feel like should reduce spending when times are hard. But what if you could actually make your budget work better and faster?
It's time to rethink the way you allocate your resources, especially when there’s a recession on the horizon. You need to be able to prove that your recruitment marketing is making a difference for your business in those tough economic times.
The economy is not in the best shape and we all know it. There’s no denying that at least some of your clients are starting to experience a pinch as a result of the downturn.
But if you’re feeling the squeeze, so are your competitors.
So, if you want to stay competitive and win business during this economic slowdown, here’s what you need to do: adopt a more strategic approach.
How?
By being innovative in the way you market yourself—and your services— and more creative about your approach.
You should also focus on cost-effectiveness, targeting specific industries or sectors to focus your marketing efforts on, where there's still demand for talent despite the current state of the economy.
Nobody is saying you shouldn’t advertise your jobs. But we all know job boards only attract active candidates.
People get nervous during a recession and are more likely to stay put than going searching for a new role. And we’ve already been experiencing a candidate shortage before the economy took a turn for the worse.
But job boards aren’t the only way you can reach candidates and fill your skills gaps. In fact, if you want more visibility for your jobs, you need to think about alternative, additional and complimentary marketing channels.
Rather than stopping recruitment marketing altogether, you need to be more selective.
It’s generally accepted that the best candidates are not actively looking for a job.
And as I’ve said above - if you’re relying solely on posting jobs in the hope that they will attract new talent, then you might as well flip a coin.
So, if the best candidates aren’t responding to job boards or any of your other advertising. And if they’re not engaging with you on social media. What can you do?
If you write a fantastic guest post for an industry publication that is hugely successful, what do you do next?
Write another one?
Sure you could do. But if a piece of content is delivering results you can do so much more with it.
For example:
If you’re thinking about scaling back your marketing spend, perhaps you should think again. Recruitment businesses can’t afford to go quiet in an economic downturn. In fact, your business needs strategic digital marketing more than ever before.
But I would say that wouldn’t I?
Here’s what your peers have to say.
And a few case studies – including one on the £100k article…
Author: Jennifer Wright
As BlueSky PR’s Head of Marketing, with almost 10 years’ prior experience in the recruitment industry, Jennifer writes articles and guest posts to inspire recruitment agencies to build their brands, improve their content, bring in more leads and generally make their lives easier.