H3.com to Sponsor Human Capital Institute's "Employee and Alumni Referral" Initiatives
March 22 , 2007
Washington, DC –The Human Capital Institute (HCI), a global professional association and educator in talent management strategies, and H3.com, the first social commerce platform for recruiters to motivate their social networks to yield well-screened candidates, announced today that H3.com will sponsor HCI's Employee and Alumni Referral education and research track, one of several topics addressed in HCI's Talent Acquisition community of interest, a community HCI considers essential for organizations striving to build competitive advantage.
Experts believe that 30 to 40 percent of all external hires should come from employee and alumni referral programs. Although some organizations leverage their employees' networks of friends and family for recruitment purposes, fewer organizations track and maintain relationships with select past employees who might be convinced to return or at least refer others. As a result, employers are missing out on key sources of hire.
"Employee and alumni referrals are quality sources of hires that most organizations are not leveraging to the full extent," said Allan Schweyer, HCI's President & Executive Director. "H3.com's support enables us to provide human capital professionals with resources to help them implement programs that yield more high-caliber candidates."
With increased referrals as an objective, HCI's track looks at examples of best programs, how they were set up, how they are maintained, success rates, and innovative practices in this important area. A panel of expert advisors examines current methods and emerging trends in employee and alumni referrals. Webcasts, white papers, education, and other resources provide human capital professionals with information to more effectively leverage employee and alumni referrals.
"We're pleased to support HCI's Employee and Alumni Referral education and research track in order to make more organizations aware of the power of referrals, and to share best practice programs," said Hans Gieskes, CEO of H3.com.
More information about HCI's education and research tracks is available at: www.humancapitalinstitute.org
ABOUT H3.COM
H3.com is a social commerce platform allowing you to convert your social network into a motivated search party for well-screened candidates. With H3.com everyone in your extended social network is eligible for the cash reward with the reward split among the referrers who lead to a hired candidate. When the hire is made, H3.com handles the tracking, handling and disbursement of the referral reward. Headquartered in Cambridge, MA, H3.com is backed by Draper Atlantic, The Grosvenor Funds, and the CI Fund. For more information, please visit: www.h3.com
ABOUT THE HUMAN CAPITAL INSTITUTE
The Human Capital Institute is a think tank, educator, and global professional association dedicated to the advancement of talent management practices with individuals and organizations. HCI serves as a catalyst for innovative thinking in integrated talent strategy, acquisition, development, engagement, management, and measurement. Through research and collaboration, HCI programs collect original, creative ideas from a field of the brightest thought leaders in talent management. Those ideas are then transformed into measurable, real-world strategies that help its members attract and retain high-performing people, build a diverse, inclusive workplace, and leverage individual and team performance throughout the enterprise. HCI members represent a broad coalition of educators, talent managers and executives. For more information, please visit: www.humancapitalinstitute.org
