The employee life cycle is a type of HR model that defines the many stages a worker goes through in a company, as well as the role HR plays in maximizing that advancement. Keeping track of an organization’s employee lifecycle is crucial because it provides workers with a consistent set of processes to follow throughout their career with the firm, as well as allows employers the ability to evaluate data.
The word “career path” refers to an employee’s time with an organization. Employee life cycle management overlaps with basic HR functions at times and may need the use of talent management software. As a result, it’s also known as the HR life cycle.
Your firm will notice two key benefits from planning out the employee journey, in the same manner, you map out the consumer experience: higher talent retention and improved reputation. The capacity to properly deploy proper resources to decrease the concerns of less turnover reduces the amount of time that is put into turnover increase. A better reputation, on the other hand, boosts the prospects of attracting more new talent, resulting in a more engaged and motivated team.