The growth and evolution of social media and automated relationship management software has simplified the relationship between an enterprise and potential candidates. Enterprises benefit from managing talent relationships throughout the entire career lifecycle.
With the now increased usage of formal alumni corporate management software, enterprises are beginning to understand the value of nurturing the relationships of former employees as they continue though their entire career lifecycle. Managing a strong alumni program has benefits for businesses and also for the alumni themselves.
Currently, there is little information on how to calculate the Return on Investment (RoI) of an alumni program. IntraWorlds has created a model that calculates the RoI of formal corporate alumni networks. The IntraWorlds model allows enterprises to view the potential impact that a formal alumni program can bring to their business, in order to aid in the decision-making process.
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