The document discusses employer branding, which is defined as managing and influencing a company's reputation among job seekers. It is important because over 60% of job seekers research a company's culture before applying, and nearly 70% would reject a job offer from a company with a bad reputation. To develop an effective employer branding strategy, companies should participate in online forums, enrich job descriptions with their values, craft an inviting career page, and leverage employee success stories by promoting loyalists as brand ambassadors. Proper employer branding is crucial for company survival as it depends on how employees portray the work culture externally.