How To Transform Alumni Into Powerful Brand Advocates Who Attract Talent To Your Businessby Alumni Content in Corporate Alumni | Last Edited: 11th March 2020
Leading organizations across the globe enjoy greater ROI on recruiting programs when focusing on Known Person Recruiting. As a hiring methodology, this involves filling a role with a former employee, qualified referral, or candidate who has some form of pre-existing working relationship with the entity.
This raises the question: is your organization tapping into this collection of resources? First prize is to engage with your alumni community as a qualified source of talent. However, if the timing isn’t right to re-hire previous employees, then are they motivated to act as brand advocates who attract talent to your business?
While SHRM is currently collecting new data, stats in the latest talent acquisition benchmarking report indicate that 90% of respondents utilize employee referrals as a tool to source candidates under the executive level. Furthermore, separations within the first six months and the first year of hiring were down from previous years to 17% and 26%, respectively. A lapse in employment enforced by either party constitutes a separation.
Compare this with the 46% of new hires who fail in 18 months, and the math becomes obvious. Known person recruiting exponentially increases the odds of success. Removing the stranger factor and drawing from a pool of qualified referrals should be a second call to hiring boomerang employees.
How Organizations Can Leverage Alumni As Brand Advocates To Attract Talent
Creating an empowering experience throughout the lifecycle from candidate to employee to alumnus transforms people into brand advocates. Inevitably, this influences a business’s ability to engage in meaningful talent acquisition and retention in the future. People moving in the industry circles make new connections as they jump ship; they communicate with college alumni; all of which can lead to a placement referral or radio silence for the organization bearing the regrettable loss.
As a result, these relationships should be treated like gold from the start.
Some methods organizations can use to leverage alumni as brand advocates are by:
· Creating a company culture that people want to be involved with
· Empowering employees and alumni with continued education and training
· Providing an online community that motivates and inspires
· Being transparent and authentic in leadership
Create A Company Culture and Brand That People Want To Be Involved With
Alumni and employees who have a purpose and believe in what an organization is doing make for great brand advocates. Therefore, building a positive brand image is a strategic move that reaps benefits both for attracting talent as well as business.
Aside from a welcoming physical environment and competitive perks that draw people to the door, there is company culture to consider too. Does your organization consciously operate in a manner that strikes pride in employees, creating positive connections that they will be willing to promote at every stage along their journey?
An organization that takes ownership of its presence and expresses its values creates a company culture that is sure to receive a vote of confidence from employees when they go on to become alumni.
Empower Employees and Alumni With Continued Education and Training
By 2025, 75% of the workforce will be millennials. According to data from Gallup, 59% of millennials consider growth and learning opportunities as extremely important when applying for a job, assigning the most importance to this job attribute.
When translated into what this means for leveraging employees as brand advocates: there is the expectation to provide options to develop existing skills and acquire new ones.
Fortunately, modern learning formats are conducive to promoting development in the workplace without detracting too much from productive work hours. Whether e-learning, in-house workshops, or professional certification training, offering opportunities for skills advancement empowers employees.
Lay the foundation for employees to be able to grow professionally, and they will become alumni who value the investment a business has made in them. With room to grow professionally by moving up the managerial ladder or onto a career-making role in another company, employees are more likely to remain loyal, whatever their connection to an organization.
Provide An Online Community That Motivates and Inspires
Attracting, engaging, and activating an alumni network requires a platform that enables these qualities. Laying a home base that provides curated content, exclusive career advancement opportunities, access to industry expertise, or business partnership development is an appealing motivator for alumni to stay in tune with an organization.
Leading platforms like Enterprise Alumni use AI to provide a unique experience to every user, driving relevance for them personally, resulting in increased engagement. As alumni are getting access to highly personalized content, the value add is undeniable. The 98% of F500 companies who have a form of returnship program will agree.
On the backend, a recruiter dashboard provides a suite of tools that enables insights and analysis into a user’s connections to encourage invitations and referrals. In turn, this can encourage your alumni to start a conversation with a qualified contact about your organization, transforming them into brand advocates.
Be Transparent and Authentic In Leadership
Much like any relationship people have, trust is the basis for nurturing something truly genuine. In the corporate environment, this translates into leadership being open about the state of the organization and where it and the employees are headed. This involves communication about business and departmental goals, as well as discussions about how every person within the organization helps to achieve these.
Ultimately, it takes us back to fulfilling that sense of purpose. If employees feel like contributors to the organization with a stake in its success, this goes a long way in providing motivation.
The sense of ownership doesn’t pass on once employees become alumni. Instead, this formulates these transformative years into a valuable career-building process they would recommend to their peers.
Sourcing Talent Smartly
Staying close to home has produced favorable results for recruiters within corporate organizations. Considering your alumni and employees as brand advocates to draw in talent for your business can draw in the right candidates, reducing time to fill and increasing your ROI on recruitment.
To learn more about how EnterpriseAlumni is enabling the world’s organizations to manage and engage their former employees to drive business outcomes, please get in touch.