According to LinkedIn’s Workforce Confidence Index, almost half of employed workers are planning to look for a new job in 2024. This kind of data may immediately prompt some leaders to take a closer look at their employee retention efforts. But in today’s labor market, attempts to prevent employees from leaving may not be fruitful or entirely realistic.
Designing a Corporate Alumni Program? Start Here.
How to keep your former employees in your company’s orbit.
April 02, 2024
HBR Staff/Don Farrall/imaginima/Getty Images
Summary.
Many employers try to prevent workers from leaving, but that’s neither practical nor possible. Instead, organizations should consider creating alumni programs to stay in touch with former workers, who can provide new business opportunities, share industry insights, enhance employer branding and reputation, and support hiring processes by providing referrals or coming back as returning employees themselves. This article outlines five things companies should consider when designing their own alumni program.