Final answer:
The employee lifecycle stages include recruitment and onboarding, development and training, performance management and evaluation, compensation and benefits, career growth and succession planning, and employee departure
Step-by-step explanation:
Employee Lifecycle Stages
- Recruitment and Onboarding: This stage involves attracting and hiring new employees. For example, a company may post job advertisements and conduct interviews to find suitable candidates.
- Development and Training: After employees are hired, they go through training and development programs to enhance their skills and knowledge. An example could be a company providing workshops or online courses for employees to improve their abilities.
- Performance Management and Evaluation: Employers monitor and evaluate the performance of their employees. Performance reviews and feedback discussions occur during this stage.
- Compensation and Benefits: Employers provide compensation, such as salaries and bonuses, as well as benefits packages like health insurance and retirement plans.
- Career Growth and Succession Planning: Companies offer opportunities for employees to grow in their careers, and also plan for the future by identifying potential successors for key positions.
- Employee Departure: At some point, employees may choose to leave the company through retirement, resignation, or termination.