Employee Lifecycle Management software

Updated: July 30, 2023

Employee Lifecycle Management software is a comprehensive solution that helps organizations efficiently manage every stage of an employee's journey within the company, from recruitment and onboarding to performance management and offboarding. These specialized platforms offer features for applicant tracking, interview scheduling, and offer management, streamlining the hiring process and ensuring a seamless candidate experience. Once employees are onboarded, Employee Lifecycle Management software assists in setting performance goals, conducting performance reviews, and tracking employee development and training. These platforms also facilitate employee engagement and feedback through surveys and communication tools. As employees transition out of the organization, the software supports the offboarding process by managing exit interviews and ensuring a smooth transition. By leveraging Employee Lifecycle Management software, organizations can optimize their HR processes, improve employee satisfaction and retention, and foster a positive and productive work environment throughout the entire employee journey.

See also: Top 10 Talent Management Systems

2021. WorkStep, a startup that helps large employers find and retain frontline workers, raises $10.5M

WorkStep, a startup specializing in assisting large supply chain employers with the recruitment and retention of frontline workers, has successfully concluded a Series A funding round, raising $10.5 million. The company's Employee Lifecycle Management (ELM) software platform offers comprehensive solutions aimed at sourcing, onboarding, training, and improving the job satisfaction of frontline employees. WorkStep's objective is to facilitate long-term employee retention within the supply chain industry. By leveraging their ELM platform, the startup provides human resources, recruiting, and operations leaders with complete transparency throughout the employee lifecycle, enabling companies to minimize turnover rates. WorkStep initially developed its cloud-based Hire™ offering and subsequently launched its Retain™ product last fall, further expanding its range of services for supply chain employers.