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The Employee Life Cycle within HCM Technology

Employee Engagement is key to winning the war for talent – and it’s more than just a standalone program or initiative. How can you use the tools and processes you already have to engage your employees continuously from the recruiting process all the way through promotion? Scroll below to see the 3 key focuses you should touch on for each step of the way, as well as examples of tools you can use at each stage and metrics you should measure. More of a video person? Click here to view this info in a video!

Recruit

3 Key Focuses:

  •  Internal Recruiting
  •  External Recruiting
  •  Talent Gap Analysis

Tools:

  • Applicant Tracking System
  •  LinkedIn
  •  Additional Recruiting Systems

Metrics to Measure:

  • Drop Rate after Application
  • Time in the Application Queue
  • Offer Letters per Applicants
  • Metrics by Region

Onboard

3 Key Focuses:

  • New Hire
  • Transfers
  • Enablement

Tools:

  • Applicant Tracking System
  • Learning Management System

Metrics to Measure:

  • Time to Onboard
  • Time to Competency
  • Success/Failure on Background Checks
  • Manager Engagement

Manage

3 Key Focuses:

  •  Schedule
  •  Manage
  •  Coach

Tools:

  •  Performance Management
  •  Workforce Management
  •  Reporting

Metrics to Measure:

  •  Employee Retention
  •  Employee Utilization
  •  Performance/Potential
  •  Performance/Productivity

Pay

3 Key Focuses:

  • Total Rewards
  • People Data
  • People Process

Tools:

  • Core HR
  • Payroll
  • Benefits
  • Compensation

Metrics to Measure:

  • Compensation Analysis
  • Payroll Error Prediction
  • Benefits Election Trends
  • Lost Workdays
  • Out of Cycle Payroll Efforts

Develop

3 Key Focuses:

  •  Enable
  •  Skills Development
  •  Compliance

Tools:

  •  Learning Management System
  •  Performance Management

Metrics to Measure:

  •  Growth and Development Metrics
  •  Average Time to Promote
  •  Development Metrics by Manager
  •  Impact on Business Goals
  •  Correlation to Profit Changes

Promote

3 Key Focuses:

  • Career Pathing
  • Workforce Planning
  • Talent Gap Analysis

Tools:

  • Succession Management
  • Workforce Planning

Metrics to Measure:

  • Promotion Readiness
  • Time to Promote
  • Promotion by Manager
  • Time in Job
  • Role Mobility

Analytics & Reporting

3 Key Focuses:

  •  Analytics
  •  Reporting
  •  Prediction

Tools:

  •  Analytics Tools

Metrics to Measure:

  •  See metrics listed throughout previous sections

Employee Engagement

3 Key Focuses:

  • Interaction
  • Feedback
  • Action

Tools:

  • Perception
  • Survey Tools

Metrics to Measure:

  • Feedback Analysis
  • Direction
  • Sentiment
  • Emotion
  • Action Plan Results
  • Diversity