How to retain employees for long term with Employee Life Cycle Management?

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"Employee life cycle"  is the process of attracting, developing and retaining employees until they leave an organization that enhances its capacity to succeed in a competitive world. Each stage throughout the cycle has its challenges, therefore, Its very important that all levels of managers are involved and the procedure is crystal clear to everyone in the work flow.

According to the very well-known Employee Life cycle (ELC) model, there are five stages of engagement an organization has with an employee. Below are the explained five stages of Employee Life Cycle that will ensure you maximize your chance of success in building great teams and retaining those within them.



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1) Recruitment

Employee life cycle starts before they are even employed by the organization. Growing your business starts with hiring the right people. This is a very important part in business development, and in order to succeed, your HR team should have a strategic recruiting process in place. Having a solid recruitment strategy to determine who would be best for your role.


2) Onboarding

Onboarding is a crucial stage in the life cycle. This is where your new hire will decide how much time they will stay with your company. Most employees decide within the first 90 days whether they want to quit their job or not.  This is crucial to when an employee becomes a member of the company's work force through learning her new job duties, establishing relationships with co-workers and supervisors and developing a niche. Getting new hires up to speed efficiently is very critical to their success.


3) Career Development

Employees want instant gratification these days. They want to know when they are doing a great job and are willing to prove that they are best at their role. Encouraging ongoing professional development within your team creates happier, smarter employees.


4) Retention 

Spend time on ensuring you retain your top talent. A positive company culture is an absolute must.  Maintaining your employee's happiness is key to building a loyal and productive team. However, employees often want to feel appreciated and recognized for smaller accomplishments throughout their lifecycle. A good way to manage your employee's happiness is with an employee reward system.


5) Separation

At some point the life cycle does come to an end. Employees leave due to retirement, leaving for school, new employment, or for family leave. It's important that your offboarding process is just as strategic as your onboarding process. Accept that people do leave. Have a great process in place to learn from the experience, and continue a good morale within your team.



Conclusion

Separation may close the loop on an employee's experiences, but the business world is fluid and interconnected; an employee leaving doesn't mean the end of the engagement. In the future, past employees may rejoin your business, work for a customer or be asked for their opinion on your company by potential applicants. Make sure you don't forget this part of the employee life cycle.

Easier said than done manually managing the stages in employee life cycle is a tedious task that's why Spine Technologies have built the accurate, efficient and user-friendly Employee Life Cycle software for your organization to begin with! For consultation Call Us Today! +91 9320112248 / 022-42132248 |sales@spinetechnologies.com. Invest in employee life cycle software to better engage with your people and retain them for the long-term.

All the best in building a great, motivated and productive team!