Employee lifetime value

"Employee value" redirects here. For company branding, see Employee value proposition.

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

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.^[2]