The relationship between an employee and their company isn't static. It's a journey—the employee lifecycle—with distinct phases, each requiring tailored support from HR. When we focus on the entire lifecycle, from the initial "hello" to the final farewell, we see positive ripples in engagement, productivity, and even the company's reputation.* Let's explore each stage.
The lifecycle begins before the first day of work. Today's job seekers are savvy; they research companies, read reviews, and seek positive employer brands.
The HR Role: Craft more authentic employer branding messages, help ensure a smoother application process, and provide more transparent communication throughout recruitment.
Tech Help to the Rescue:
First impressions last. Onboarding is a crucial time to integrate new hires into the company culture, set clear expectations, and provide the tools they might need to succeed.
The HR Role: Create structured onboarding programs, assign mentors or buddies, and gather feedback to help continuously improve the process.
Employees want to feel valued and challenged.
The HR Role: Offer training opportunities, create clearer career paths, and recognize achievements. Regularly check in on employee well-being and gather feedback.
Keeping top talent requires more than a competitive salary. It's about creating a work environment where employees feel appreciated, supported, and empowered.
The HR Role: Foster a more positive company culture, provide opportunities for growth and recognition, help ensure employees feel supported, and address concerns promptly.
Offboarding is often overlooked, but it's a valuable opportunity to gather feedback, understand why employees leave, and maintain a positive relationship with alumni.
The HR Role: Conduct exit interviews, streamline the offboarding process, and consider alumni programs to help keep former employees connected to the company. A poor reputation may limit a company’s ability to attract valuable new hires and boomerang talent, increasing costs per hire by $4,723.**
The employee lifecycle doesn't end at offboarding. Former employees can be powerful brand ambassadors, referral sources, or even potential boomerang hires.
The HR Role: Maintain relationships with alumni through newsletters, events, or social media groups.
Investing in the entire employee lifecycle isn't just the right thing to do – it's a smart business strategy. PeopleHQ is helping bring together your Equifax Workforce Solutions employer services within a single portal, delivering an enhanced, people-first approach combined with industry-leading security. With its integrated suite of tools, PeopleHQ can help you realize a return on investment by:
Technology isn't a replacement for the human touch. It's a tool that helps empower HR professionals to work more efficiently, gain deeper insights, and focus on building more meaningful relationships with employees at each stage of their journey. By embracing HR tech like PeopleHQ, you can help create a more human-centric workplace where everyone can be more productive.
*Source: Brandon Hall Group: The True Cost of a Bad Hire **Source: Harvard Business Review: A Bad Reputation Costs a Company at Least 10% More Per Hire
The information provided is intended as general guidance and is not intended to convey any tax, benefits, or legal advice. For information pertaining to your company and its specific facts and needs, please consult your own tax advisor or legal counsel. Equifax Workforce Solutions provides services that can help employers reduce their compliance risks. Details on our provision of these services and related support will be contained in your services agreement. Links to sources may be to third party sites. We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.