Calling All HR Leaders, How a Simple People Directory Can Impact Your ELTV

ELTV explained and its main drivers

  • Start — At this point, the employee has negative value to the organization as they’re not yet ramped up and significant resources are being allocated to hire, onboard, and train them.
  • Fully Contributing — After a while, the employee reaches the Fully Contributing point. After this point, the goal is to gradually keep employee value positive and rising over time.
  • Decision to Leave — When they hit a performance plateau they will make the Decision to Leave. At this moment, their performance will gradually decrease until their Last Day.
  • Last Day — At this point, they are gone and it’s time to go through the cycle again.
  1. Onboarding — Companies can shorten the ramp-up time of new hires in order for them to become a fully contributing employee sooner. [Related article: 3 Remote Onboarding Tips for a Better Employee Onboarding Experience]
  2. Hiring — Finding the right hire contributes to 3x revenue growth and 2x profit margins (Realizing the Value of People Managing, BCG).
  3. Learning & Development — Investing in employees can increase value a team member brings over time.
  4. Management & Culture — Competent management and a positive work culture help with retention. (72% of employees believe empathy drives employee motivation — Business Solver).

How internal hiring and employee directories impact ELTV

Shortening onboarding to improve ELTV

  • Providing critical internal knowledge like who does what and who reports to whom
  • Revealing common interests, languages spoken, educational background, etc.
  • Displaying shared communities like employee resource groups (ERGs)/interest groups

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Sift

Sift

111 Followers

Evolving the way organizations understand their people.