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Importance of the Employee Lifecycle Model for your business

employee lifecycle model

Employees are critical for your company’s success. However, hiring the best talent will make no difference if they are not comfortable working at your organization. You must consider every employee interaction with your organization and optimize it to make the best possible use of your resources. Read on to learn about the Employee Lifecycle Model and how it can help.

The Employee Lifecycle Model helps break down employee engagement at different organizational stages. It is divided into six different stages. This way, you can concentrate on the particular stage where you may be falling short.

The six stages of the Employee Lifecycle Model are:

  • Attraction
  • Recruitment
  • Onboarding
  • Development
  • Retention
  • Separation

Attraction

Attraction is necessary for any organization to attract talent. How successful you are in attracting the right talent depends on your company image- how good of a place to work your company is- for employees, brands, as well as in the market.

Some things you need to work on to attract quality talent are:

Improve visibility

Work on making your brand visible. You can participate in seminars, discussions, and important events. Also, ensure that to work on your marketing – online and offline.

Work on your culture

Put things into practice. Working on your organization’s culture motivates employees and increases their chances of them telling others outside of the organization. Also, you can amplify these efforts by conducting employee polls and sharing them on the internet.

Reward

Offer attractive benefits and reward performance with bonuses and other perks such as team lunches, leaves, and so on to motivate employees to stay and recommend the workplace to their peers.

Recruitment

The second stage is recruiting talent to fill a recently vacated or newly created position. You can use recruitment suites and hiring tools to help offer candidates a better hiring experience and make the process easier for you.

Here are some tips to succeed in hiring the right talent:

Be very specific

Ensure you are very clear about your requirements in the job description. Hiring tools like Shortlyst have smart filters that can assist you in finding the perfect match with the exact skillset.

Referrals

This is one of the best ways the employees can recommend people they know, so there is a certain amount of trust. However, consider that hiring family members or close friends can sometimes be disruptive.

Ask for employee assistance

Ask your managers and employees to review resumes. They are the ones that work on the ground and might be more in the know of the skills that the role needs. However, ensure that you conduct your review to avoid bias.

6 Full Cycle Recruitment Processes that can help enhance your hiring strategy

Onboarding

This allows the new hire to acclimatize to your organization. Helping the new hires understand their role, identify the skills needed, connect with peers, and integrate with their teams can dictate their success.

Here is how you can get your new hires up and running from day one:

Bring them up to speed

Help them understand the company’s vision, values, and motto. Also, tell them about where the company stands and where it intends to go so that they are aligned with your organization’s perspective.

Be clear on the expectations

Though most things are made clear in the interview, revisiting the expectations can help the employee perform better.

Follow up

Ensure that you conduct weekly follow-ups for a while post the employees join. Ensure that the employee adjusts well and discuss any challenges they may face.

Development

The next stage is development, wherein you need to encourage your team’s professional development. This can simultaneously result in company growth as well.

Here are some key tips for this stage:

Encourage learning

Provide opportunities such as access to learning resources, periodic training, and skill development avenues to ensure they are up-to-date with the latest techniques. This can help your company in the long run.

Provide encouragement

Encourage them to work on their skills and help them develop an action plan to help boost their chances of career advancement.

Reward

Ensure that their efforts to learn things are rewarded. This can help keep them motivated and help your company.

Retention

You need to take efforts to retain the best talent. The work culture, rewards, and management are essential in ensuring this.

Here is how you can ensure that your best employees do not leave you:

Hire correct

Make sure to hire the right talent, so you can retain them better. Talking about your expectations in the interview can help the employee better understand how working for your organization would be.

Employee engagement

Concentrate on building a relationship based on honesty, trust, and respect. It can help you engage better with employees and keep them motivated.

Communicate

Communicate with your employees regularly to gauge their feelings about the company and whether they face any challenges or concerns. It can help you course-correct before it is too late.

Separation

Employees leave the organization for retirement, personal reasons, or better opportunities. You must approach this stage cautiously, as the exit can also affect other members.

Here are some critical things to keep in mind when dealing with employee exits:

Understand the reason

Talk to the employee to understand the reason behind the exit – is it something that has to do with the organization? This can help you take measures to avoid it in the future.

Conduct an exit interview

Take honest feedback about what can be improved about the organization. If valid, implement it to prevent any more loss of talent.

Motivate your team

Any employee exit can demotivate your team. Ensure that you boost the team morale and remind them that the team will continue to grow despite people leaving.

Read more regarding how to handle situations where termination is due to business or performance led challenges

The Employee Lifecycle Model helps you make the most of your resources, boost productivity, and improve profitability and the employee experience.

Written by

Shortlyst Team

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