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Enabling Corporate Social Networking

Enabling Corporate Social Networking. Hyatt Regency Jersey City, NJ December 2, 2005. The Rise of Corporate Social Networking. Interpersonal connections critical to company effectiveness Ties traditionally formed during meetings, hallway chats and lunch

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Enabling Corporate Social Networking

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  1. Enabling Corporate Social Networking Hyatt Regency Jersey City, NJ December 2, 2005

  2. The Rise of Corporate Social Networking • Interpersonal connections critical to company effectiveness • Ties traditionally formed during meetings, hallway chats and lunch • New employment realities – high turnover, outsourcing, telecommuting – are weakening employee relationships • Enterprises investing in employee networking as business-critical activity

  3. Benefits of (Re)Connection • Increase productivity • Generate business • Enhance recruitment • Combat organizational disconnectedness • Stem the tide of employee turnover

  4. Examples of Corporate Social Networks • Extended enterprise networks • All current and former employees • Enhances operations across the organization • Corporate alumni networks • Business development • Recruiting • Knowledge exchange • Intra-company networks (R&D, women, global practices, etc.)

  5. CSN Becoming Best Practice • Professional service firms • “Bulge bracket” investment banks • “Big 4” accounting firms • Leading technology and management consulting firms • Large and mid-sized law firms • Fortune 500 “knowledge-worker” companies • Technology • Defense • Health care

  6. SelectMinds Enables CSN • Proprietary social networking platform • Profile-driven member directory • Personal networks/groups configuration • Content posting (news, white papers, events, jobs, etc.) • Online interaction and knowledge exchange • Network management services • Deployment and management of technical platform (database, web site, technical support) • Advisory and execution services (member participation analysis, broadcast communications, surveys, reporting)

  7. Client Successes • New revenues: Cooley Godward (law) • 1 new client/3 active leads within 6 months of launch • Highly targeted professional events for alumni and employees • Lower cost recruiting: Ernst & Young (accounting) • 25% of hires now rehires • Strengthened ties through online connection of employees and alumni • Cost savings: BearingPoint (consulting) • Employee-submitted operational improvement suggestions • Collaborative idea generation across enterprise network

  8. 149 Fifth Avenue New York, NY 10010 (212) 683-2988 www.selectminds.com

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