During the early times, when employees used to leave a company, he would say goodbye to their employer, and the relationship ends out then and there. 

But, in today’s time, the primary companies very well realize the significance of keeping in touch with their ex-employees through a corporate alumni network. 

When a capable employee makes up his mind to move ahead of working with another company, the relationship does not need to end here. 

Alumni form a valuable source of external communication for any organization, and vigorously cultivating these relations is highly beneficial for a business’s success. 

Here we are going to discuss the four ways in which the companies benefit from a full of life alumni engagement platform:

Rehiring Ex-Employees saves you Money

When an employee switches an organization, he, along with him, takes excellent understanding and proficiency. With progressively higher turnover rates and related expenses, the organizations must look for ways to obtain the most advantage from their employees, who are an asset to the company. 

A study has revealed that more than 30% of the former employees show interest in being rehired by their former employer. Organizations gain huge benefits from hiring their alumni, like these:

• Require lesser training costs,
• Are loyal become long-term employees, and
• Well acquainted with the company’s work culture

Build a Knowledge Network

The organizations and company both get benefits from the knowledge network and aim to encourage thought leadership. 

As the alumni persist in moving forward in their careers and gathering or developing new skills, the organizations, without any second thought, source these talented resources for various projects, resolve specific issues and get their perspective. Some of the benefits that a knowledge network fetches are: 

• Zero consulting costs due to established alumni connections
• Alumni get you external resources to help you with business insight
• You get access to capable people for a reliable perspective

Reap the Benefits of Positive Brand Exposure

Be it an applicant, employee, or alumni, an organization considers an individual’s opinion to be of great value. Despite spending considerably on marketing campaigns, the reputed organizations view their alumni as a tremendous source of promoting their brands. 

The feedback of the former employees is considered more reliable than the existing staff’s comments. Therefore, vigorously engaged alumni turn out to be brand ambassadors who:

• Get you leads
• Get you a plethora of new connections
• Fortify organizations’ global exposure and repute

Hold Skilled Alumni Referrals

There are organizations to which relocating and holding back deserving employees are both demanding and time-consuming. 

If we go with studies, engaged employees are nearly five times more liable to put forward their friends or relatives they think are suitable for some workplace position. 

If the engagement continues to remain high, the organizations greatly benefit from these employees when these become the alumni as these ex-employees:

• Make use of their professional networks to pull strong candidates
• Put in comparatively lesser resources in the hiring process
• Hold back employees interested in pursuing a long work with the organization

What role NextBee plays to help businesses to grow alumni engagement?

Some organizations are looking forward to introducing alumni engagement software at their workplace. They understand the necessity of having the edge over their competitors and realize the importance of having a formal alumni platform in place. 

However, NextBee’s customized employee engagement solution is helpful in building employees’ confidence in the brands with its overwhelming software features. It has the potential to:

Manages the Reward and Recognition program seamlessly to captivate employees’ interests.

A personalized tool that allows you to customize everything on the platform. Be it referral messages, notifications, tasks, activities, or criteria for rewards based on achievement.

To know more about NextBee’s solution, book your free demo today!