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