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Economic situation dramatic: Why companies need media presence now to compete

08/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The ongoing economic uncertainty combined with a dramatic shortage of skilled workers presents companies with a double challenge. With inflation in excess of 6% triggered by the conflict in Ukraine and the recent fall in German GDP in the third quarter, the need to find and retain qualified employees is aggravating. In this complex situation, a targeted media presence can make all the difference for companies.

The crisis is exacerbating the shortage of skilled workers

The shortage of skilled workers was already an urgent problem in many sectors before the current crisis. With the economic turbulence, this gap is becoming even more noticeable. Companies face a double challenge: not only do they have to deal with the effects of the crisis, but they also have to find qualified personnel capable of adapting to the new realities.

Why media exposure is crucial for talent acquisition

In times of a shortage of skilled workers, a strong media presence is essential for companies. Here are some reasons why media exposure can play a key role in overcoming the skills shortage:

Increase attractiveness for applicants: Companies that present themselves actively in the media have the opportunity to show their culture, values ​​and working environment. This can appeal to potential applicants and help talent feel connected to the company from the start.

Demonstrate expertise: A strong media presence allows companies to showcase their expertise and innovative ability. This can attract highly skilled professionals looking for employers with the ability to thrive even in tough times.

Visibility as an attractive employer: Companies that have a positive media presence can establish themselves as an attractive employer brand. This can help ensure that professionals respond specifically to job vacancies.

Strengthen existing employee loyalty: Media presence enables companies to put their employees in the spotlight and celebrate their successes. This strengthens employee retention and helps keep the existing team motivated and engaged.

The digital platform as a bridge to talent

The digital world provides an essential platform for businesses to maximize their media exposure. Corporate websites, social media, career blogs, and online events enable companies to target talent. The possibility of direct interaction also makes it possible to answer questions from applicants and establish a personal connection.

Conclusion

The link between the economic crisis and the shortage of skilled workers makes the importance of a strategic media presence for companies clear. The current situation requires companies to show both their resilience and their attractiveness as employers. Media exposure can help attract the right talent, demonstrate the necessary expertise and strengthen the existing team. In times of change, a strong media presence can make a decisive contribution to the survival and successful further development of companies.

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