Redefining the employee lifecycle: fixing the 7 stage model
- How the 7 stages of the employee lifecycle have changed
- 3 areas where the 7-stage model fails
- Critical points where HR can intervene to drive retention
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Why it matters
Organizations tend to focus on onboarding and training, but after the first 6 months, what happens? Employees without a development plan and a sure sense of their track within the company start to lose a sense of belonging, they look for other places to work, and HR are left in an endless cycle of replacing, onboarding, and losing talent. This negatively impacts not just productivity but also the company culture and morale.
76%
of employees say they are more likely to stay with a company that offers consistent training
33%
On average it costs around 33% of an employee’s annual salary to replace a staff member
93%
of employees say they would stay at a company longer if it invested in their career development
Rethinking the 7 stages to drive retention
This report unpacks the 7 stages of the employee lifecycle, updating the model for the modern workforce, and sharing key focus areas where HR and L&D teams can drive employee retention, engagement, and success. Based on findings from our survey of 1,500 business professionals, this report explores:
- How the 7 stages of the employee lifecycle have changed
- 3 areas where the 7-stage model fails
- Critical points where HR can intervene to drive retention
- Breaking the cycle: how to fix the 7-stage model
- Time-saving solutions through a holistic approach to L&D
Download your copy of the ebook to learn more, or watch our employee lifecycle webinar where our L&D experts discuss the report findings and share practical tips for HR teams to carry forward.