The resource lifecycle begins with onboarding the right talent and continues through their termination, unplanned attrition, retirement, etc. By managing the lifecycle efficiently, firms can tap into resource’s maximum potential, improve workplace efficiency, and ensure successful project delivery.
However, failure to maintain the resource lifecycle appropriately can result in decreased employee morale, compromised deliverables, missed project deadlines, etc. To avoid this, managers must implement suitable practices to efficiently regulate the resource lifecycle, enhancing workforce productivity and improving the overall employee experience.
