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  • Looking For Employees? Look For The Alumni Networks

    [caption id="attachment_4219" align="alignleft" width="304" caption="Alumni Networks"]office[/caption]


    Finding a job can be difficult. Finding the right employee can sometimes be more challenging. The Wall Street Journal discusses the pros of hiring someone from a corporate alumni network in Melisa Korn's article Boomerang Employees:

    Corporate alumni networks can make it easier for former employees to become future employees.

    Though formal alumni networks have existed for years—consulting firm McKinsey & Co. has coordinated activities for its ex-employees since the 1960s, for example—they have made a resurgence as professional-services and technology companies, among others, struggle to find skilled workers to fill their ranks.

    Though companies that provide professional and business services, such as consulting, hired the most employees of any industry in August—839,000—it still had the highest number of openings—623,000—at the end of that month, according to the Bureau of Labor Statistics.

    The earliest corporate alumni networks were mostly social in nature, rarely an integral part of corporate strategy, says Anne Berkowitch, chief executive of SelectMinds Inc., a company that hosts such network websites. Now, she says, these alumni initiatives provide a channel for recruiting, client development and branding.

    The latest online networks, often password-protected, can include message boards, blogs from executives, profiles of prominent alumni and both internal and external job postings. Companies usually also set up face-to-face activities, which can double as recruiting opportunities.

    Credit Suisse Group AG launched the Credit Suisse Alumni Network last October in the Americas, and has since expanded into Asia, Europe, the Middle East and Africa, formalizing its more casual Facebook and LinkedIn groups.

    Read more at The Wall Street Journal

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