ELC or employee lifecycle is a technology model that helps you in the visualization of your employee and how they engage with your organization.
There are six different stages of the ELC model, which reflect the six stages of engagement an organization has with an employee. These six stages are –
The first stage of ELC is the employee attraction stage. Irrespective how great your product or service is, organizations who don’t attract and retain competent and talented people, will fail over time. This is why attracting the right talent is critical to any company’s growth strategy.
The second stage of the employee lifecycle is the employee recruitment stage – an active phase of finding great talent to join your organization.
The third stage of the employee lifecycle is the employee onboarding stage, which is a critical stage of getting new hires adjusted to various performance aspects of their new job within the organization, quickly and smoothly.
The fourth stage of the employee lifecycle is the employee development stage, where you consistently encourage professional development within your team to help them develop skills and provide them with a future career path.
The fifth stage of the employee lifecycle is the employee retention stage, where you focus on keeping your top employees and ensuring that they are both – content and challenged – in their role within the team.
The final stage of the employee lifecycle is the employee separation stage, where the employee life cycle comes to an end. Employees may leave due to new employment, retirement, or for family or personal reasons. It’s important for the company to make the separation process just as strategic as the onboarding process.