Did you know? A Gallup research says that companies with highly engaged employees result in 21 percent greater profitability. Lately, employee experience has become more than a key discriminator for companies. As an employer, it’s crucial to prioritize employee experience to keep the talent resources within the company. Furthermore, this is why focusing on the employee lifecycle is also vital.
It is also found in Mc Kinsey’s study that a positive employee life cycle boosts the company’s performance and culture and drives innovation. Hence creating an excellent employee life cycle should be a top priority for HR managers. Luckily, technology can play a crucial role in nurturing the best employee experience and lifecycle. With technology, the HR team can handle complete recruitment tasks, right from hiring and onboarding to termination. Technology makes the talent management and employee experience better and extraordinary.
Let’s see how technology influences today’s modern employee lifecycle.
Talent Hiring
Recruiting is the first step of the employee lifecycle. This is the stage where an employee is introduced to your company. The traditional recruitment methods are replaced by intelligent hiring options powered by technology.
Recruitment software enables HR managers and recruiters to advertise their open jobs on large platforms such as social media and popular online job boards.
Additionally, the applicant tracking system helps with the entire recruitment process. It makes the job posting easier, screening and shortlisting smoother, reaching out to candidates via emails effortless, and scheduling interviews painless.
Onboarding
Did you know that great employee onboarding can boost employee retention by 82%? In contrast, a poor onboarding experience can negatively affect the employer’s brand.
Onboarding is a process of fitting the new joiner into the company officially. It includes paperwork, presentation, an office tour, and real-time interaction with colleagues. Although it may sound like a lengthy process, the candidate will likely lose interest in your company if it takes more time. This is where technology comes to the rescue.
A well-designed contemporary recruitment software or an ATS makes onboarding easy by providing digital signature options and complete paperless onboarding.
Training
In the modern competitive corporate space, personalized training is the new trend. There are digital training software tools that create customized learning experiences for new employees.
Recognition
“People work for money but go the extra mile for recognition, praise, and rewards.”
~ Dale Carnegie
As the quote says, employees, crave recognition. You need to recognize them regularly for their effort and dedication. These recognitions and appreciations are the key milestones in an employee’s lifecycle. Making these recognitions automated or hiring an employee engagement platform for rewarding and recognizing is a great option.
Some companies use email reminders for employee birthday emails and work anniversaries. Some use online employee engagement tools for appreciating and rewarding employees.
Termination
An employee’s life cycle ends with their termination of employment. Whether the employee is terminated, retired, or resigned, the HR team has to handle the scenario carefully. Offboarding your employees as smoothly as onboarding will create a positive impression for your employees.
The process has to be paperless, with less stress, the same as onboarding.
An ATS or recruitment software can help companies offboard employees without effort. With technology, you can eliminate loads of paperwork, final payroll processing, health insurance, and other tasks. Using technology for offboarding can also help you avoid any errors and potential losses.
Employees will also share their offboarding experience on the internet, and their reviews play a significant role when making your next hire. Hence, it’s pretty important to create a checklist, ensure you tick all the boxes, and use technology and recruiting automation to the fullest. This way, you can make the exit process as engaging as the employee onboarding.
Modern Workforce Deserves Modern Solution
Mass hiring is all about planning the process firsthand. So, a proper mass hiring plan is crucial to the successful process. However, it’s not easy to plan for a bulk recruitment process. Breaking down the plan into smaller tasks will help you streamline your recruitment funnel and make the process easier.
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