As a business organization, you might be hiring new employees for different job roles. But do you know that every new hire goes through six stages of the employee lifecycle? And this also includes the new employee onboarding process that every new hire needs to go through.
However, what are the other stages of the employee lifecycle? Let’s take a quick look!
The very first stage of the employee lifecycle is attracting them to come to your brand. And this must happen whether you have a vacancy or not. The attraction phase takes its cues from traditional inbound marketing.
Your prospective employees should have heard really good things about you to apply for a job role at your organization. You can build a good attraction phase using three strategies, namely, cultivation of good company culture, classifying your candidate, and connecting to those candidates effectively.
Once you have attracted the attention of the candidates, now is the time to recruit. This will start by posting job vacancy advertisements on different portals in your region.
This will be followed by the process of identifying the candidates and interviewing them. Finally, you need to choose the right candidate for the role.
One thing you need to ensure is to create a positive candidate experience and give equal opportunity.
As mentioned above, the new employee onboarding process is a part of the employee lifecycle. The whole point of the onboarding process is to make the new hire feel comfortable and integrated into the organization and their respective teams.
The onboarding cycle can last for 90 days to 1 year depending on your organization and their onboarding plans.
The fourth stage of the employee lifecycle is talent management. This will include strategies that help you take your employee to their full potential. The step is meant to bring out the best qualities of your employees so that they can positively contribute to your organization.
The fifth stage of the employee lifecycle is retention. Now good onboarding and talent management are key to increasing the retention of your new hires long-term. However, three other key factors can increase retention too. This includes motivation, communication, and evaluation.
The final stage of the employee lifecycle is offboarding also known as exit management. This is the process when the employee wants to formally separate from their existing employer and move to a better opportunity.
Offboarding is also a great way for a business organization to know about the problem areas or issues in the working culture. However, offboarding is probably the most underdeveloped stage of the employee lifecycle. Having a “basic process” in place will not help you as much as a strategic offboarding process.
These are the six stages of the employee lifecycle that are crucial to creating a greater employee experience. And at Squadsy, we ensure that you have a smooth onboarding system for your employees along with a swift and effective employee lifecycle.
Get in touch with us to talk more about this in detail. We will be glad to help!