Ex-employee or corporate alumni Businesses embracing former workers

Ex-employee or corporate alumni Businesses embracing former workersEx-employee or corporate alumni Businesses embracing former workersIt used to be that when you left a job, you were gone. Perhaps you kept in touch with a couple of work friends, pinged your boss for a reference when changing jobs, and maybe even referred someone to a job when you heard about an opening. But that was it.Corporations have been changing that realizing the value of former employees that theyve already put time and resources into, theyre doing it with corporate alumni programs. In fact, 8% of Fortune 1,000 companies have corporate alumni programs, reports Quartz at Work in a story about the trend.Welcome back to the old jobWhat does it mean to be an alumnus of your former corporation, and what does do you both get out of it?For ex-employees, there are reunions, and networking opportunities, and discounts.For corporations, former employees offer something even mora valuable they are viewed as customers, b rand ambassadors, sources of referrals, and even future employees, writes Quartz.Come back or stayMicrosoftis an example of a corporate alumni program done right 15% of Microsofts hires are boomerangs, meaning employees who left and came back.Called the Microsoft Alumni Network, it is its own nonprofit group not associated with Microsoft. Ex-employees started the Network in the mid-1990s, and there are 20,000 active members today. Besides networking, they get perks likeshopping at the company store, receiving discounts at retail stores.Deloitte provides networking opportunities, puts out a newsletter, offers training on polishes resumes and digital interviewing.But its not just about white-collar professional workers, either Taco Bell has an alumni program, too. Former fast-food workers who have gone on to success are held up as models for current fast-food workers in order to promote employee retention in a high-turnover industry in hope, perhaps, that theyll say, Yo Quiero Taco Bell