Employee lifetime value
Employee lifetime value (ELTV) is the a metric to estimate the total value an employee brings to an organization throughout their tenure with a company.[1]
Description
[edit]Employee lifetime value is the human resources people analytics metric to estimate the total value an employee brings to an organization throughout their tenure with a company.[1] The term for the metric was coined by Maia Josebachvili.[1]
ELTV encompasses various factors, such as the employee's contributions, performance, skills, and potential impact on business growth and enables a business to determine how much to invest in employee recruitment, retention, and development. ELTV determines the return on investment (ROI) of an employee.
References
[edit]- 1 2 3 Damme, Arne van (Oct 11, 2021). "How To Measure And Improve Employee Lifetime Value". Forbes. Retrieved 8 September 2024.
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