The Human Resources Life Cycle or the Employee Life Cycle is a concept in human resources management that describes the stages of an employee's time with a particular company and the role the human resources department plays at each stage.
Employee Data Management refers to store, manage and track all employee data. Typically, an Employee Data Management contains an array of employee profiles containing all their information. It holds a variety of employee personnel fields such as name, age, job title, salary, length of service, etc for an HR to refer from.
Employee Data Management include -
The compensation and benefits is about managing the personnel expenses budget, setting the performance standards, setting the transparent compensation policies and introducing the competitive benefits for employees. Compensation and benefits is an important aspect of HRM as it helps to keep the workforce motivated.
This process of HRM include -
Learning and development aims to improve group and individual performance by increasing and honing skills and knowledge. It’s a part of talent management strategy and is designed to align group and individual goals and performance with the organisation’s overall vision and goals.
This process of HRM includes -
Employee engagement relates to the level of an employee's commitment and connection to an organization. Employee engagement has emerged as a critical driver of business success in today's competitive marketplace. High levels of engagement promote retention of talent, foster customer loyalty and improve organizational performance and stakeholder value.
Employee Engagement Process -
Employee recognition is the acknowledgment of a company’s staff for exemplary performance. Essentially, the goal of employee recognition in the workplace is to reinforce particular behaviors, practices, or activities that result in better performance and positive business results
Essentials of Employee Recognition Program are