What We Can Do to Positively Affect Employee Life Cycles

Interestingly, when employees start working at a company, they all have a kind of experience that begins from their first day at the organization, all through exiting, retiring or resigning. And that's why the smart ones among company owners try to learn about employees' cycles before recruiting them. Employees who pass through important business stages will often find it easier to reach their full potential.

According to a report by Team Stage, 15% of individuals seeking a job would like to consider the company culture before submitting any applications. That means you have to look for every means to ensure employees have a positive experience in your business. Considering workers' well-being can help you accomplish goals on time and project your business as a positive and respected brand.

Employee Life Cycle

Ultimately, you'll have encountered workers who came into your business, developed, engaged, and finally left the organization. Well, that's the whole summary of the employee life cycle, as it's the period that workers spend in stages in an organization. The employee life cycle starts from when workers begin their duties to when they leave the company.

Most human resource teams use the employee life cycle model to picture workers' journeys and identify strategies that can help them improve their stay. And the employee life cycle model is more or less like checking out for customers. That's because just like how customer experience is valued in a business, so is employee experience. As a business owner, this makes it vital for you to map out strategies that can positively affect the employee life cycle.

Stages Involved in Employee Life Cycle

One thing you should remember is that employees' life cycles can differ across businesses. While some companies use a larger cycle (it can be because of their big size), others tend to use a smaller cycle. This means that the stages an employee goes through in a particular business can differ from what the other person faces.

Also, the components of the stages can be different (this is based on their unique work culture). However, knowing the generic and exact features of steps involved within an employee's life cycle is essential.

These stages include:

• Attraction

• Recruitment

• Interviewing

• Engagement

• Retention

• Career development

• Offboarding (or separation)

Measuring Key Performance Indicators (KPIs) in Employee Life Cycle

To help your business accomplish its goals, it's crucial to assess key performance indicators (KPIs). KPIs ensure you analyze the work level and progress rate to implement plans to achieve visions. You need to know that several KPIs are available and can differ based on business application.

These KPIs are as follows:

Recruitment KPIs

• Cost and time per hire

• Surveys on pre-hire

• Rate of new hire satisfaction

• Period to productivity

Employee engagement KPIs

• Rate of employee retention

• Investment based on training return

• Level of turnover

• Satisfactory status

Separation KPIs

• Departing interviews

• Offboarding score

• Rate of employee retirement

• The level at which status is processed for termination

Work-life Balance

To ensure that employees enjoy a better experience in your business, it's vital to recognize work balance as an influencing factor. Work-life balance helps you positively affect employee life cycles by using flexible work models (can include remote or hybrid) to ensure workers can perform both personal and professional duties. Encouraging excellent work habits and wellness programs can contribute to better employment life cycles in an organization.

Performance Management

When employees carry out their jobs, it's essential for them to have a performance management system that can ensure they get constructive and helpful feedback from time to time. An effective performance system can help you set employee expectations, offer regular evaluations, and increase worker satisfaction. Also, coaching sessions help you ensure that your vision aligns with employees' goals.

Effective Communication

There's one thing that's very crucial at every stage of an employee's life cycle, and that's the presence of clear and precise communication. Positively affecting employees' life cycle through communication is possible by creating feedback channels, ensuring workers and supervisors can dialogue, and fostering a supportive work culture. Employees who experience effective communication can feel valued and informed about changes that occur in a company.

Growth and Development Programs

Employees with development programs readily available at their ends will find it easier to grow and contribute immensely to a business. There are a lot of growth programs that you can offer to employees, and some may include conferences, seminars, and workshops. The availability of these training programs contributes to a better employee life cycle and ensures they remain competent in work.

So, What Next?

The journey to establish your business doesn't end when you hire highly talented employees; instead, it just begins. That means you need to consistently develop strategies that can ensure employees enjoy their stay in your business. If that has been in your mind, that shouldn't be a worry, as encouraging work-life balance, implementing a performance management system and effective communication can help you positively impact employees' life cycles.