5 Best Employee Lifecycle Management Software Tools

What Is Employee Lifecycle Management Software?

Employee lifecycle management software helps businesses manage all stages of an employee’s time with you, from their recruitment and onboarding to ongoing job performance and engagement. When an employee leaves your team, the software manages their offboarding too.

This type of software makes HR tasks easier and improves employee experiences. Your team has the power to steer their own career development, and doing so can increase their happiness and involvement at work.

With self-service access to their benefits, training, performance goals, and reviews, your employees can track their own progress so they know exactly what’s expected of them and which steps they can take to advance. 

How Does Employee Lifecycle Management Software Work?

Employee lifecycle management software provides tools that make it easier to manage all phases of the employee lifecycle. These include: 

Recruitment

You can use software to craft compelling job listings and post them to multiple job boards. Some platforms let you screen resumes and schedule interviews with just a few clicks. 

Onboarding

Once you’ve hired an employee, you can use software to manage the onboarding process by setting up checklists and automated workflow for typical tasks. These include setting up email, submitting paperwork, completing training, and participating in orientation sessions. 

Performance Management

Set and track performance goals and conduct regular evaluations all in one place. Many solutions include options for employees to provide feedback as well, which you can use to drive improvement initiatives.

Training and Development 

In today’s era of rapid tech development, your employees need to evolve their skills to keep pace. Providing a talent development program for your employees means your workforce keeps their skills updated, and they continue to grow. The right software gives you the tools to efficiently design and deliver useful training programs.

Offboarding

Despite the fact that an employee is leaving, it’s still important to provide a positive experience. This is both to protect your company’s reputation and to leave the door open for good employees to return in the future. When your employees leave your company, automated offboarding workflows can keep things running smoothly to the end. You can add tasks such as returning company equipment, participating in exit interviews, and removing access to company software. 

The Benefits of Employee Lifecycle Management Software

The employee lifecycle includes all of an employee’s interactions with your company. At every touchstone, you have the opportunity to provide a positive experience for your employees. When you do this, you’ll increase the likelihood that your employees will engage with their work and invest in your company.

Employee lifecycle management software can help you manage your workforce more efficiently with the following benefits: 

Streamlined Recruitment Process

By handling many of the tasks associated with recruiting new hires, employee lifecycle management software can make it easier for you to fill open roles. The software can automate tasks such as posting jobs, collecting resumes, screening candidates, and scheduling interviews. As an added benefit, you reduce bias in the hiring process by building in objective requirements for candidate evaluation.

Better Onboarding Experience

Although your company puts its best foot forward in the recruitment phase, the onboarding process is when employees get their first experience of what it’s like to work for you. You want to make a good impression from the start by making the onboarding process easy and efficient. Nobody wants to spend hours completing repetitive paperwork. 

You can create a customized onboarding workflow for each employee. Your HR team can then use the software to track a new hire’s progress, and if they notice something is missing, they can send a quick reminder. Similarly, employees can check in using your employee lifecycle management solution instead of sitting around wondering if they’ve completed all of their onboarding tasks. Empowering your employees will motivate them from their first day.

Improved Performance Management 

You can set clear performance goals for your employees and track their progress toward meeting them. This lessens frustrations, as employees may get irritated if they don’t understand what’s expected of them.

Managers can use your system to document goals and provide feedback. It doesn’t have to be a formal assessment, either. Leaders can send a simple text message to acknowledge a team member’s hard work and offer words of encouragement.

Easier Talent Development 

Your business can’t thrive without a talent development program. Every day, new technology is reinventing work. New developments make jobs easier — sometimes so easy they become obsolete. Most of the time, though, your employees just need a refresher to keep their skills current or learn new ones.

Providing the training they need will show your employees you value them and want them to succeed. With this vote of confidence, they are more likely to be invested in your company and engaged in their work. As an added bonus, you’re developing an adaptable, forward-thinking team.

Increased Employee Engagement 

There are many ways you can improve employee engagement. Asking what they think, recognizing their contributions, and creating a positive work community are just a few examples. 

Use your software to let your employees give the thumbs up or thumbs down to proposed changes. Create an employee recognition program where they can earn gift cards for going above and beyond. Set up communication channels so employees can encourage and support each other. The options for making your business a great place to work are practically limitless.

Honest Feedback

If your employees want to keep their jobs, they’re going to be reluctant to give you negative feedback. However, if you want to increase employee retention, you need to know their honest thoughts, good and bad.  

Sending regular employee surveys, including anonymous surveys, helps employees feel comfortable providing critiques. You also need to create a culture that encourages regular feedback. By asking employees for their opinions on matters big and small, they’ll believe you really want to know. 

Compliance Management

Employee lifecycle management software collects employee data so you can comply with employment laws and regulations. You need to keep records of wages and hours worked, among others. Your software can make this easy by giving you a central location for storing time-tracking and payroll data. 

How Much Does Employee Lifecycle Management Software Cost?

Most employee lifecycle management software is sold on a subscription model that charges you based on how many employees you have. It also frequently costs more for advanced features or support. Many companies offer tiered plans for basic, standard, or advanced functions. You can pay anywhere from $4 to $30 per user per month. 

Connecteam offers a more competitive pricing option as well as more advanced features. Their small business plan is 100% free for up to 10 users and provides full access to all hubs. If you need to step up, the basic plan is $29 monthly for up to 30 users. No matter what your business needs are, you only pay for what you need when you need it. It’s a solution that scales up with your business. 

The Bottom Line On Best Employee Lifecycle Management Software

Employee lifecycle management software is designed to improve all aspects of your business. It benefits the employee experience in many ways. It also streamlines HR processes to increase efficiency from recruitment to retirement. 

By automating workflows, this software can make your HR team’s job easier. Your employees have better experiences because you’re giving them greater access to their information and allowing them to make requests directly through the platform rather than through HR.

Connecteams’s user-friendly and customizable employee lifecycle management solution provides a range of features such as employee onboarding, time tracking, performance management, and benefits administration. Connecteam was built to make work better for everyone on your team.