STAGES OF THE EMPLOYEE LIFE CYCLE

 STAGES OF THE EMPLOYEE LIFE CYCLE

                                                Figure 1(Cattermole G, 2019)

WHAT IS THE EMPLOYEE LIFE CYCLE

The 'HR life cycle,' or 'HR cycle,' is another name for the employee life cycle. This procedure is based on the assumption that staff satisfaction is just as important as customer satisfaction. Companies that fail to recognize this risk having high employee turnover and low employee engagement. For each point of the cycle, a different engagement strategy must be used. Maintaining an incentive for employee satisfaction as a company grows can be challenging. (Cattermole G, 2019)

IMPORTANT OF EMPLOYEE LIFECYCLE

By putting the onus on all stages of the employee life cycle, your organization can engage with top industry professionals, improve their performance, and keep them for as long as feasible. Retaining top staff cuts down on employee turnover, which may be costly and time-consuming. Additionally, current and former employees serve as key company ambassadors. This may aid in the recruitment of higher personnel in the future.(Nagendra  A., 2014)

EMPLOYEE LIFE CYCLE STAGES

1.      Attraction: The phase of attraction is always changing. It doesn't just happen when you're looking for a new employee.

TIPS:-

-Raise brand awareness

-Developing outstanding company culture

-Offers benefits and compensations

2.      Recruitment: The benefits of better attraction and employer branding are realized during the recruitment phase. Employers can obtain fresh new talent with a stronger brand image.

TIPS:-

-Request referrals from your employees

-Procure passive candidates

-Write specific job description

3.      Onboarding: The new employee has entered the third phase of their life cycle, onboarding, after the recruitment stage is over and you have chosen the best applicant.

TIPS:-

-Convey company values

-Integrate new hires with existing employees

-Conduct regular follow-ups

-Automate onboarding workflows

4.      Development: Once a new hire has been brought on board, they should continue to be treated with care. Companies that want to keep their top employees while also developing new ones should provide regular professional development opportunities for their staff.

TIPS:-

-Regularly assess knowledge and skills

-Encourage employees to learn their own time

5.      Retention: The corporation has already invested thousands in an employee by the time they reach stage five of their life cycle. One of the most important aspects in the employee life cycle is employee retention.

TIPS:-

-Openly communicate your organizational mission

-Conduct regular pulse surveys

-Take extra care during recruitment

6.      Separation: Most employees will eventually have to leave their jobs. Even if you've done everything correctly up to this point, unexpected events do happen, and there's nothing you can do about it.

TIPS:-

-Gather honest feedback

-Maintain a positive outlook (Umme and Urs , 2019.)

CONCLUSION

Now that we've grasped the significance of the six stages employees go through during their employment, it's important to put well-defined workflows in place to ensure consistency. You may develop unique workflows for each stage of the employee life cycle with Set up repeatable business processes like onboarding, development, and separation with workflows.

 

REFERENCES

Cattermole, G., 2019. Developing the employee lifecycle to keep top talent. Strategic HR review.

Nagendra, A., 2014. Paradigm shift in hr practices on employee life cycle due to influence of social media. Procedia Economics and Finance, 11, pp.197-207.

Umme, S.N. and Urs, G.B., 2019. A Study on Employee Life Cycle at Vistaar Financial Services Pvt. Ltd, Bengalur.