The Great Resignation is showing no signs of slowing down. More than 43% of the global workforce say they are likely to hand in their notice in the next 12 months, with three out of four full-time employees in the US planning to quit their job this year.1
In this kind of environment, it is no surprise that finding and retaining talent remains a top priority for companies around the world. The EY CEO Imperative Study found that 68% of CEOs identified employee issues such as talent needs, organizational change and culture as the number one driver of transformation in their company.
At the same time, employees are becoming more empowered to build a career that works for them, prioritizing flexibility and a sense of purpose. Rather than a job for life, they are looking for life-long learning and are more willing to change jobs to find the right fit. In fact, according to the EY 2022 Work Reimagined Survey, 82% of employees want to work two plus days remotely per week and will search out opportunities to find that flexibility.
In this changing environment, businesses and employees can harness trusted networks, such as their alumni network, to help them keep a pulse on the job market or foster career development.
An untapped talent pool
An alumni network is a goldmine of talent and a useful starting point when considering new hires or a career move. Making an approach to someone you have previously worked with, or who comes recommended, can provide the trust and understanding that is crucial to making the right recruitment decisions.
Membership of a respected alumni group can also be a stamp of approval. EY alumnus, Martin Vergara, left the firm 15 years ago but remains connected with the alumni network. “I find it super helpful to have a reference point with likeminded people. I know that EY people are strong, capable and smart – they’re always learning and understand critical thinking.” Like many, Martin is more inclined to want to work with people who he knows have received the kind of training and career experience that would make them good colleagues.