What is employee lifetime value (ELTV)?

Employee lifetime value (ELTV) is a metric organizations use to evaluate the financial value of a team member throughout the employee lifecycle.

Why is it important to measure ELTV?

ELTV gives HR professionals insight into what could be inhibiting their people from reaching their full productive potential. This kind of insight helps HR leaders put initiatives in place that create incentives for team members to engage more with their work, therefore maximizing the contributions of team members to the company.

Retention Archives

What is internal mobility?

Internal mobility is the movement of employees within a company to new roles or positions.…

What is employee satisfaction?

Employee satisfaction refers to professionals' overall contentment regarding their company and job. A high level…

What are core company values?

Core company values are the main principles that guide companies in continuously prioritizing their mission,…

What is employee happiness?

Employee happiness is a fairly straightforward concept referring to the state of having a positive…

What is an employee value proposition (EVP)?

An employee value proposition, also called EVP, is the sum of all the benefits and…

What is an employee retention strategy?

An employee retention strategy is a calculated approach to keeping people motivated to work at…

What is employee empowerment?

Employee empowerment is a management strategy that encourages self-reliance, independence, and accountability among personnel. Rather…

What is employee recognition?

Employee recognition is the acknowledgment of an individual's work accomplishment by expressing gratitude or praise.…

What is succession planning?

Succession planning in HR is the process of preparing people for future roles to support…

What is employee retention rate?

Employee retention rate is a metric that measures the percentage of employees who remain employed…