A resource lifecycle is the continuous process of development that a resource (human) undergoes in their tenure in an organization. It begins with the demand for the resource, followed by recruitment, and finally ends with the employee’s exit. Managing them efficiently helps fill the skill gaps, appoint the right persons for jobs, track performance, and facilitate systematized career growth.
Unbiased interviews, streamlining onboarding, ensuring competent allocation and optimal utilization, 1:1 feedback, simplifying the exit procedure, etc., can enhance resource lifecycle.
