Overviewing the benefits of the organization investing in an alumni network between employees

4 Reasons Your Organization Should Invest in an Alumni Network

Having a life-long job is becoming a thing of the past. People are becoming more conscious of their career development needs and moving to new organizations that they feel will help them move forward on their career path. While many organizations are seeing more employees leaving, it’s important that they do not treat their talent as disposable goods.


Implementing a corporate alumni network for your organization allows you to keep people “employed” long after they have moved on to their new position. You are actively maintaining a relationship with your former employees and reaping the benefits of doing so. But this relationship doesn’t just benefit the organization, this relationship is mutually beneficial as former employers can be very helpful to an alumni’s career.

4 Reasons Every organization Should Invest in an Alumni Network

  1.  Access to Skilled Workers
    As the battle for skilled workers becomes more competitive, organizations need easier ways to attract employees. An alumni network can help make this happen in two ways.

    First, when an organization has an alumni network, they are more likely to have the possibility of hiring “boomerang” employees. These boomerangs are former employees that are rehired by an organization. They bring with them a wealth of outside knowledge, along with the internal knowledge they already have of the organization’s processes and culture.

    Second, alumni are a great referral source for employment candidates. They will be able to give a great insight into the organization and will cost much less than an ad campaign or recruiter. 

  2. Knowledge Sharing
    Alumni are a great source of outside intelligence. They can provide competitive information, business practices, and industry trends. By keeping in touch with alumni, tap into this knowledge through surveys or forums where they can discuss ideas with your organization and other alumni. The alumni network also gives you the opportunity to learn information about your organization in an honest and unbiased way.

  3. Obtain Client Referrals
    Alumni can not only refer new clients, but also become new clients for your organization. Many organizations provide incentives to their alumni to increase the number of client referrals that they receive from the network. This practice is usually very effective as potential clients see the alumni as a more credible source than current employees.

  4. Increased Brand Awareness
    Of course, brand awareness can be bought through expensive ad campaigns, but many organizations are looking for a way to save money without decreasing their awareness. A great way to do this is with an alumni network. Alumni can create the buzz that so many organizations are attempting to create on social media and at grass-roots events. Like with client referrals, the alumni are viewed as a more credible source than your current employees because they are considered a third party. This is especially beneficial when the number of alumni is greater than the number of employees at an organization.

    Already have an alumni network for your organization and are interested in building and maintaining it? Check out "A Guide to Building and Maintaining a Corporate Alumni Network".

Through innovative web-based SaaS technology, Insala partners with organizations to accelerate performance and drive evidence-based decisions for organizations and their people.

career transition

Corporate Alumni Network: The Perfect Home For Your Career Transition Offer

Download the eBook
Topic:

Related Posts

best_practices_for_corporate_alumni_program_success

Best Practices for Corporate Alumni Program Success

Corporate Alumni Programs: Best Practices for Success

Read more
10_software_features_for_corporate_alumni_engagement

10 Software Features for Corporate Alumni Engagement

Tools for Increasing Corporate Alumni Engagement If you build it… will they come? Creating a corporate alumni network is an important ...

Read more
how_to_build_and_maintain_a_corporate_alumni_network

How to Build and Maintain a Corporate Alumni Network

A Guide to Building and Maintaining a Corporate Alumni Network

Read more
maintaining_a_relationship_with_temporary_corporate_alumni

Maintaining a Relationship with Temporary Corporate Alumni

How to Maintain a Relationship with Your Temporary Corporate Alumni

Read more
how_to_build_a_corporate_alumni_network_|_insala_blog

How to Build a Corporate Alumni Network | Insala Blog

How to Build a Corporate Alumni Network Did you know that globally successful companies like Uber and Yelp were created from an ...

Read more

Subscribe to Our Blog

Explore our Career Development Resources