The employee lifecycle refers to the cycle which an employee follows throughout their professional life. The lifecycle is divided into five stages: recruitment, onboarding, development, career, and retirement. However, due to the upgrade of technology and communication, today’s employees are far more mobile than ever before.
Stages in an employee’s career include
3. Training & Development
The employee life cycle model defines the various stages in an employee’s journey from hire to retirement. It is important to divide it into multiple segments to track the progress and analyze it efficiently. Each stage in the employee lifecycle is crucial and aids the next step. It is essential because it helps inefficient management of the talent, provides an overview of the employment journey, and thus an opportunity for improvement.
Team building activities are not just great tools for bonding with employees and strengthening the company culture; they can also profoundly impact productivity. Measurements, data collection, the structure of the employee lifecycle, and technology are some of the steps any organization needs to take in creating team-building activities.
There are three major phases of the employment life cycle:
Pre-hiring: This phase is also called the pre-employment phase. It starts from the time when a person expresses interest in joining a company to the time when he becomes an official employee.
Training: This phase begins once the employee joins the company and continues till he gets familiar with all the tasks assigned to him and his working environment. It includes the training period of a new employee, which aims to induct new employees into various aspects of the company’s operation, policies, and procedures.
Post-hiring: This phase starts immediately after training and continues till an employee leaves a company. During this phase, HR needs to ensure that employees work effectively and groom them for their future careers.
The Employee Lifecycle refers to the progression of all the tasks and activities related to your employee that you need to perform to keep them engaged with your company. This is a critical time for HR and Talent Management teams. They have minimal time building and maintaining a good relationship with their employees, leading to higher employee retention rates.