SelectMinds EmployeeConnect™
Optimizing performance through Corporate Social Networking
83% of workers rate trusted relationships with co-workers as a critical reason for joining and staying with an employer.
Without these relationships, today’s workforce will walk out the door; approximately one in four employees reports quitting a job due to feelings of isolation.
— ‘Workplace Connections,’ SelectMinds/Intellisurvey Research Study
As organizational structures evolve, disperse, and separate geographically, individuals have begun to initiate, extend, and manage their network of professional relationships through technology—rather than the proverbial water-cooler. Corporate Social Networking (CSN) changes the way relationships are formed and strengthened in business environments and, therefore, changes the way business is conducted. Primary benefits include:
- Real-time knowledge sharing for increased productivity. Combing the internet or knowledge management systems to search for answers to work-related questions takes time and often returns limited or irrelevant information. With SelectMinds EmployeeConnect, users learn where centers of knowledge reside within your organization and search directly for other employees who can provide answers.
- SelectMinds customers believe Corporate Social Networking can increase productivity by, on average, 10 percent.
- Increased retention. SelectMinds solutions connect employees with each other and with your company, fostering strong and lasting bonds and increasing the sense of belonging key to high retention.
- SelectMinds customers believe Corporate Social Networking can increase retention by, on average, 5 percent.
- Giving GenX and GenY what they want. Your newest talent pools—as well as even today’s baby boomers—prefer networking online and expect the same tools when they join your organization. You require the security that SelectMinds enterprise-tested solutions provide.
- Recruitment of top talent and internal mobility. CSN programs connect companies with experienced hires who arrive on the first day ready to work. Considering the cost of open positions, such as decreased productivity and lost business opportunities, combined with search firm fees reaching 35% of annual salaries, savings from recruitment alone cover the cost of a formalized program. EmployeeConnect users also view company job opportunities for internal mobility.
- Quality referrals. Knowing your corporate culture and opportunities, well-placed network members are in the best position to refer their contacts for job opportunities posted on EmployeeConnect.
SelectMinds EmployeeConnect initiates, cultivates, and leverages the full range of employee relationships across your enterprise. Employees can search member profiles or check discussion forums to quickly find expertise, ideas, and talent. Members separated by distance and disconnected silos can develop strong relationships that cross all barriers. In effect, the collective inspiration and experience of the entire workforce is made visible and accessible to everyone – to address business problems, maximize opportunities, and gain competitive advantage.
More about SelectMinds: Management Team | Press | SelectMinds.com