Alumni Programs

Alumni Programs: Strategic Talent Reacquisition and Reengagement

What Is an Alumni Program?

An alumni program refers to an initiative by companies to rebuild relationships with former employees or individuals previously connected to the organization, and to reengage them as part of the extended team. The goal is to leverage long-standing human capital to ensure sustainable competitive advantage.

The Original Meaning of “Alumni”

“Alumni” comes from Latin and originally refers to school graduates who maintain a connection with their alma mater and support each other as part of a community. In Japanese, this would be equivalent to “dōsōsei” or former students. Companies today are beginning to build similar human networks.

In Business, Alumni Are Often Known as “Boomerang Employees”

A “boomerang employee” is someone who resigns and later returns to the company. Alumni programs often support such rehiring by creating a structure that encourages their reintegration. These individuals are already familiar with the organizational culture and workflows, and the program helps them return with fresh perspectives and without hesitation.

Reframing the Rehiring of Former Employees

By encouraging the rehiring of former employees, companies can effectively reuse valuable human resources. This can enhance efficiency and productivity throughout the organization.

Why Alumni Programs Are Gaining Attention

Changes in Employment and Work Environments

Modern employees seek flexible career paths and working styles rather than adhering to traditional employment models. Alumni programs address these changes and help attract diverse talent back into the organization.

Addressing Talent Shortages

As the labor shortage worsens, companies must secure qualified talent to remain competitive. Alumni programs provide access to a trusted pool of candidates, helping address recruitment challenges.

Benefits of Alumni Programs for Companies

Alumni programs offer multiple benefits for organizations.

• Collaboration and Partnership: Alumni with experience and trust can rejoin the organization or become contractors and business partners from outside.
• Branding: Returning alumni already understand the organization’s culture and values, contributing to cultural continuity. Externally, they help promote a positive brand image and reduce reputational risks.
• Becoming Customers: Alumni may become loyal users or advocates of the company’s products or services, driving word-of-mouth promotion and future sales.

Examples of Alumni Programs

Example 1: Skylark Group

They offer a “Crew Comeback” hiring track, showcasing individual success stories. With a nationwide presence and multiple restaurant brands, it’s easy for former employees to return after relocating for a spouse’s job or life events.

Example 2: Recruit Holdings

Recruit refers to resignations as “graduations” and maintains a strong alumni network that often continues beyond professional ties into personal relationships. Their network is notable for enabling continued collaboration even after departure.

These examples show that alumni programs can be a powerful way for companies to reengage valuable human capital and foster sustainable organizational growth.