Managing the employee lifecycle is one of the most important functions of the HR department, but far too few teams prioritise its development. As a model designed to improve HR and employee communications, the employee lifecycle can be a valuable tool for identifying the needs of business teams at all stages of their progress. Put simply, the employee lifecycle is the description given to each stage of an employee's position within an organisational structure, and as such, can be broken down into six stages. Managing each stage more efficiently is a key role for HR. That means developing a deeper understanding not only of the employee lifecycle, but also HR's role at each stage.
The employee lifecycle starts even before a prospective employee applies for an available position. This is known as the employee attraction stage, and it's a crucial component of business development. Being able to attract the best candidates for a role is essential, and that means working to improve the employer brand of an organisation. HR teams need to ensure:
Whether it's an open vacancy or a newly created position, the HR team needs to have a finely tuned recruitment strategy. When the wrong hire can cost a company money, getting the recruitment stage right is vital. HR can improve recruitment by:
On day one of a new employee's time with your company, you want to ensure that you make the transition to a new position as straightforward as possible. As well as using cutting edge XCD HR software that can encourage more proactive employee lifecycle management, HR departments can also make onboarding easier by having:
This is one of the fastest-growing demands of the job market, and employees are now just as likely to look at the possibility of career development as they are for a good salary. Your HR team is going to be critical in the development stage, as they are ideally placed to:
When a lack of development can be the main reason for resignations, employers need to have a clear structure of personal and professional development options.
The better a company manages its employees the longer it can be expected to keep those team members in place. Employee retention is important for every team leader and department head, but the overall corporate culture will also play an important role. To improve retention rates, businesses need to:
It is the HR team that will manage the process of an employee leaving the organization. It's just as important to manage the separation stage as the hiring stage, because the departure of a valued team member can be incredibly disruptive. Make sure that you:
While the employee lifecycle involves the entire company, there are key stages where it is the HR team that must take over the brunt of managing and developing those employees. Have a firm plan in place for each stage of the employee lifecycle and your processes and your company will be significantly more secure.
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