SOURCE: SelectMinds

SelectMinds

January 19, 2010 10:56 ET

SelectMinds Launches Corporate Social Network for Chemonics International

Alumni Network Allows Chemonics to Easily Rehire Top Talent, Retain Access to Valuable Expertise and Drive Business Development Partnerships

NEW YORK, NY--(Marketwire - January 19, 2010) - SelectMinds, a leading provider of corporate social networking solutions, today announced the launch of Chemonics International's new alumni program. Chemonics designs and implements development programs worldwide in financial services, private sector development, health, environmental management, gender, crisis prevention and recovery, democracy and governance, and agriculture.

Built on the SelectMinds corporate social networking platform, Chemonics' alumni program builds mutually beneficial relationships between Chemonics and former employees. By retaining these relationships, Chemonics builds a highly qualified talent pool from which to rehire former employees, and broadens its business development efforts by maintaining relationships with former employees who are in positions to refer business back to the company.

"In today's economy, maintaining relationships with former employees is becoming a discrete talent management discipline for many organizations," said Darlene Andrews, director of Chemonics' recruitment management and alumni programs. "These relationships drive value to our business in the areas of rehiring, business development, and knowledge sharing. Until now, we have not tried to centrally maintain, locate, and leverage these relationships that are vital to our business."

She continued, "We spoke with several SelectMinds clients who reported average increases in new business opportunities between 20 percent and 30 percent and decreases in hiring costs associated with re-hiring former employees. We are excited about achieving similar results with our alumni program."

In a recent survey, 97 percent of responding alumni said they would be extremely interested in participating in the Chemonics program. For its alumni, the program offers a unique sense of community powered by familiar social networking technology, provides professional networking opportunities, and serves as a powerful career management tool. Alumni can connect and network with current Chemonics employees, access available jobs within the organization, read company and industry news, and participate in technical panel discussions and alumni events.

"Establishing and maintaining professional connections is more important now than ever," said Anne Berkowitch, CEO, SelectMinds. "Corporate social networks allow companies to stay in touch with top talent, and provide former and current employees an endless amount of networking opportunities and professional resources. SelectMinds is thrilled that Chemonics has chosen to utilize the power of corporate social networking to drive their business forward, and better manage relationships with former and current talent."

About SelectMinds

SelectMinds is the leading global provider of corporate social networking solutions. Using the power of Web 2.0, SelectMinds helps organizations build connections among and between groups of employees, alumni, retirees, women, and other constituencies. These powerful connections drive increased knowledge sharing and collaboration, enable strategic talent sourcing, and foster employee development and retention. The result is a higher performing organization with the ability to innovate quickly, increase productivity, and hire and retain key talent. SelectMinds clients consist of leading organizations including J.P. Morgan, Lockheed Martin, Latham & Watkins, Schlumberger, and Deloitte. For more information, visit www.selectminds.com.

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