The Power of Alumni Programs
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ACHIEVE TALENT MANAGEMENT SUCCESS The Power of Alumni Programs Presented by: Madeline Laurano April 6, 2011
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ERE Webinar from 4/6/11 presented by Madeline Laurano
Transcript of The Power of Alumni Programs
ACHIEVE TALENT MANAGEMENT SUCCESS
The Power of Alumni Programs
Presented by: Madeline Laurano April 6, 2011
Agenda
The Current State of Talent Acquisition The Value of Your Alumni Best Practices Social Media Innovative Solutions Action Plan Cases-In-Point
Four Trends Impacting Talent Acquisition
Demographics
Innovation Globalization
Diversity
Total Workforce
Baby Boomers
Contingent Workforce Alumni
Solution Providers Key Stakeholders Customers
How to Leverage Your Alumni
Employer Referral Programs: Extending your employee referral programs to include alumni
Boomerangs: Former employees that are rehired back into the organization
Employer Branding: Leveraging alumni to create a strong message
Business Development: Using alumni to help grow the business
Employee Referral Programs Are #1
Extend Your Employee Referral Programs
Employees hired through referrals have a 25 percent higher retention rate.
Referrals are 54 times more likely to result in a hire than candidates recruited through job boards.
– Source: Select Minds
The ROI of a Boomerang
Rehires cost is 50% or less
A Closer Look At Employer Branding
Business Development
“Consider the case of a former senior manager at Deloitte: Five years after leaving the consulting firm's San Francisco office, Jim Sayre was named president of Cargill eVentures, a Web-based unit of the agribusiness giant. He was strapped for office space, so Deloitte allowed him and three colleagues to camp out for a few months. Once the unit got up and running, it wound up generating more than $1 million of new business for Deloitte. Says Sayre: "The presence of an alumni network effectively invites you back to renew old relationships.“ -Fast Company
Best Practices
Drive the Program Invest in Technology Offer Incentives Leverage Social Media Measure the Process Create Transparency
Metrics…What Matters
Rehire Rate Employee Referrals Through Alumni Performance of Boomerangs Turnover Rate of Boomerangs Diversity Rate of Boomerangs Traffic to Alumni Social Media Sites
Technology Options
Dedicated Websites: Includes information on events, employee referral programs, provide collaboration
Social Media: LinkedIn, Facebook, Twitter, Yammer, and homegrown
Innovative Providers: Forward-looking solutions providers are entering the market looking to make the process of recruiting and retaining top talent more efficient and more effective
ACHIEVE TALENT MANAGEMENT SUCCESS
Dedicated Websites
The Power of Social Media
Innovative Players
Select Minds
Zapoint
Five Steps to Success
Measurement
Engagement
Investment
Transparent
Alignment
Cases-In-Point
McDonald’s
What are your questions?
Madeline Laurano The Newman Group, A Futurestep Company
www.twitter.com/madtarquin
