back to dictionary
Employee Lifetime Value
The Employee Lifetime Value (ELTV), also known as 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 Customer Lifetime Value, which measures the total value a customer will bring to a company over the course of their relationship.
The ELTV starts on an employee’s first day in a company and ends on their last day within the same organization.
Based on this logic, ELTV allows us to analyze the relationship between the contribution a person generates within the organization and the investment made in their development, training, compensation, and overall employee experience. It goes beyond productivity indicators and also includes elements such as performance evaluation, team impact, internal growth potential, and likelihood of retention.
Caring for Employee Lifetime Value can improve Onboarding processes and Talent Management, as it focuses on fostering employee loyalty and engagement.
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.
