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Employee Lifetime Value
Employee Lifetime Value (ELTV), or the Talent Value Curve, is a metric used to assess the long-term value of an employee within an organization. It is inspired by the marketing concept of customer lifetime value, which measures the total value a customer brings to an organization over the course of that relationship.
ELTV begins on an employee's first day of employment with a company and ends on the employee's last day of employment with that company.
Addressing employee lifetime value can improve Onboarding and talent management processes by helping to build employee loyalty.
What it is and how to apply Onboarding processes
Have you ever wondered what goes through the heads of those applicants who have just joined your company? Have you put any plan in place to ensure they stick with it? We are going to explain what it is and how to apply Onboarding processes and its immediate benefits.
Employee Journey Map: what it is, why you need it and how to create it
An employee journey is an interactive process that helps employees understand their roles within the organization. It also helps organizations and the team to identify what kind of employee they are looking for. Find out how to create your own employee journey map. It includes a free template.
Employee Experience and Customer Experience, inseparable
What relationship do Employee Experience and Customer Experience have? In this post, we'll explore how a great customer experience hinges on the efforts of our employees. It's no coincidence that the most successful companies in the market are often the ones everyone wants to work for.
