Increase Your Human Capital ROI with an Alumni Network

That's quite a compelling business case for keeping the lines of communication open!

How you choose to go about this depends upon a number of factors, including your company's size, culture, and budgetary and staff resources. The initiative can be as simple as sending former employees corporate newsletters or as comprehensive as establishing an online community ("alumni network") through which they can access valuable resources and interact with the company and one another.

While the latter approach is obviously more costly, the rewards can be much richer. Your interest in the ongoing success of former employees fosters a desire to reciprocate, and the fact that the infrastructure supports multi-directional communication makes it easy for them to do so.

The importance of mutual benefit cannot be overstated, as only then will you generate enough registrations and return visits to justify the expense. A dynamic website that includes a searchable directory of former employees, company and alumni news, job leads, business and career management information and tools, and discussion boards will keep visitors engaged and - most importantly - eager to remain an active and contributing member of your corporate family!

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