Onboarding

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Overview of the Employee Lifecycle

The Employee Lifecycle refers to an employee’s journey within a company.

More specifically, this HR model identifies the different stages a worker advances through in an organization and the role HR plays in optimizing that progress. 

 

ACQUIRE

All of the processes leading up to and including the hiring of a new employee.

 

HIRE

When employees have accepted job offers to become part of the company’s workforce. During onboarding, they are:

 

  • Provided with the information and tools to work more efficiently
  • Integrated into the company culture
  • Taught about a company’s policies, procedures and job duties
  • Trained
  • Added to the identity and access management system of the organization

 

INSPIRE

All the processes in which employees are given feedback for their work through performance reviews, one-on-one check-ins, and meetings.

Regular feedback is an essential feature of this stage, because it helps executives gain insight into what motivates employees. It also helps employees understand how well they have performed against goals.

Frequent feedback can also boost employee engagement.

 

ADMIRE

Continuous evaluation, recognition and training .

Once an employee is integrated into the company with a sound understanding of their role, the next challenge is retaining the worker and ensuring continued employee development, crucial acts for both individuals and organizations.

HR professionals typically use talent management software to monitor continued learning, as well as succession planning that can identify candidates for promotions.

 

FIRE/RETIRE

The final stage of the employee life cycle, wherein the employee leaves due to a new job, retirement, layoff, personal reasons, or termination for violating company policy.

In any case, the HR department must follow proper procedures and documentation in the offboarding process.

 

Importance of the Employee Lifecycle

Employee life cycle management is an important function of the HR department because it impacts the most valuable asset of the organization, employees.

Establishing a life cycle program gives employees a consistent series of steps through their time with a company, enabling employers to analyze data — such as what workers reveal during offboarding — which can lead to HR improvements.

Next, we look at how you can use ExponentHR to transition the Employee Lifecycle into an Engagement Lifecycle.