‘Facebook for ex-staff’ launches as companies seek to tackle talent shortage

January 6, 2016 | Source: www.telegraph.co.uk
telegraph

EnterpriseAlumni helps create ‘boomerang hires’, where former staff return to previous employers

 

A start-up has launched a “Facebook for professionals” to allow large corporations, such as SAP, an early adopter of the technology, to keep tabs on staff once they leave the company.

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Global giants such as SAP are using the technology to find and employ ex-staff

The new “alumni management” system from Enterprise Jungle, which was founded by brother-and-sister team Emma and James Sinclair two years ago, will help global giants to tap into ex-employees when job openings arise – a phenomenon known as “boomerang hiring” – to help battle the growing talent shortage.

“There are so few ways to harness the power of alumni intelligently, and Facebook and LinkedIn are obviously not the best tools for large companies,” claimed serial entrepreneur Ms Sinclair, 39. “We’ve brought alumni management into the 21st century.”

The EnterpriseAlumni platform is currently live with SAP, with two similar-sized corporations coming on board this month, Ms Sinclair said.

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The EnterpriseAlumni platform plugs into existing corporate infrastructure

Ex-employees are incentivised to join the platform through perks, as well as the promise of job offers.

“Alumni can access benefits, such as deals that are available to current employees,” said Mr Sinclair. Discounted phone contracts, cheap laptops procured as part of a bulk order and deals on event tickets are among the potential offers.

Enterprise Jungle, which charges customers £15,000 a month for a pilot version of the EnterpriseAlumni, a so-called “software-as-a-service” (SaaS) product, expects a new corporation to come on board every month in 2016.

“Everyone gets the business case behind this technology,” Mr Sinclair said. “There’s a huge movement towards contingent labour and there’s a looming talent shortage, especially in the hi-tech arena, which means that companies need a central repository of alumni that they can communicate with and understand.”

According to the recruitment firm Manpower, the number of global employers reporting talent shortages in 2015 peaked at a seven-year high of 38pc, with more than half of the companies surveyed claiming that a lack of skilled staff was affecting their ability to service clients.

Ex-employees need less training than new staff when they return to former companies, and often have in-depth knowledge of products or services, Mr Sinclair said.

This is the first product of its kind that can be integrated with corporate systems within 45 days, Enterprise Jungle claimed.

SAP chief executive Bill McDermott said of the EnterpriseAlumni technology: “We all know the power of networks in this digital economy. Connections make us stronger and give us the ability to see the world through the unique perspectives of our connected peers.

“The SAP Alumni Network is our opportunity to come together, to celebrate the company we love and to keep in touch with all the people who made it so special.”