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The Power of Alumni Programs

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ERE Webinar from 4/6/11 presented by Madeline Laurano

ERE Webinar from 4/6/11 presented by Madeline Laurano

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  • 1. ACHIEVE TALENT MANAGEMENT SUCCESSThe Power of Alumni Programs Presented by: Madeline Laurano April 6, 2011
  • 2. Agenda  The Current State of Talent Acquisition  The Value of Your Alumni  Best Practices  Social Media  Innovative Solutions  Action Plan  Cases-In-Point
  • 3. Four Trends Impacting Talent Acquisition Demographics Diversity Globalization Innovation
  • 4. Total Workforce Customers Key Stakeholders Solution Providers Contingent Workforce Alumni Baby Boomers
  • 5. 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
  • 6. Employee Referral Programs Are #1
  • 7. 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
  • 8. The ROI of a Boomerang Rehires cost is 50% or less
  • 9. A Closer Look At Employer Branding
  • 10. Business Development “Consider the case of a former senior manager at Deloitte: Five years after leaving the consulting firms 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
  • 11. Best Practices  Drive the Program  Invest in Technology  Offer Incentives  Leverage Social Media  Measure the Process  Create Transparency
  • 12. 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
  • 13. 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
  • 14. ACHIEVE TALENT MANAGEMENT SUCCESSDedicated Websites
  • 15. The Power of Social Media
  • 16. Innovative Players
  • 17. Select Minds
  • 18. Zapoint
  • 19. Five Steps to Success Transparent Measurement Investment Engagement Alignment
  • 20. Cases-In-Point
  • 21. McDonald’s
  • 22. What are your questions? Madeline LauranoThe Newman Group, A Futurestep Company Madeline.laurano@Futurestep.com www.twitter.com/madtarquin

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