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Want to increase referrals, broaden your candidate pipeline, and up your employer branding game? Then follow the example of companies such as McKinsey, Boston Consulting Group, and LinkedIn, all of whom offer alumni network programs.
Alumni programs — which allow organizations to stay connected to former employees through company updates, in-person or virtual events, and continuing career services — can be a big boon for recruiters. According to a 2023 EnterpriseAlumni report, a well-designed alumni program can generate as many as 17% of all hires. The same report found that former employees and referrals are the No. 1 and