Commit money on third-party companies
There are several organizations and institutions that maintain track of good MBA students and alumni with them. They can do all the tiring work and you can reap the benefits by investing in these sorts of companies. However, you need to find an appropriate organization to invest in, and it should meet your criteria for the hiring process. For example, there is an institution that specializes in recruiting MBA personnel with a motive to help make social reforms. If this is also your objective, then join an alliance with this institution.
Provide monetary aid
There are a lot of MBA students and alumni who face financial hardships and cannot afford to enroll for higher studies. Give scholarships or any other monetary aid to these brilliant youngsters. Nevertheless, be careful and assess them first to see whether they fit your requirements. Make them go through tests and only offer financial support to students with bright weighted average. On the other hand, you can also set standards like they should maintain good grades even after they have been given the support. Moreover, keep in mind you will have to employ them once they are done with their studies.
Transparency is important
Don’t be too formal and try to be authentic. The younger people get attracted when you are passionate about things. Laid back approach is simply boring for them. Organize events to create interest in the students. Informal sessions, wine-tasting and webinars are good examples to do that. Also be transparent when working with another company. Communication is very crucial when forming an alliance. Tell them about what your expectations and goals are. Furthermore, you should be patient in your recruitment process, as top quality workforce is hard to find.