The Employee Job Life Cycle describes the evolving quality, productivity and job retention of typical employees throughout the process of hiring, employment and then termination. An employee life cycle is the steps the employees go through from the time they enter a company until they leave. Often Human Resources professionals focus their attention on the steps in this process in hopes of making an impact on the company’s bottom line. That is a good thing for them to do. Their goal is to reduce the company’s cost per employee hired.

Unfortunately, they aren’t the ones who really make a difference – managers are. People don’t really work for companies; they work for their boss. To the extent that you can be a good boss, you can keep employees, keep them happy, and reduce the costs associated with employee turnover. In the process, you will make your own job easier and increase your value to the company.

An employee joins a new Organisation; therefore he is always into the torment to set up him on the job. A brief introduction of the company and its entire rules & regulations book is given to the employee during the induction process. Thereafter, employee is placed on the job for live exposure of the job, where he interacts with the existing employees and tries to be friendly with them. Upon his work he faces various obstacles such as rude behavior of seniors & juniors, negative comments from dissatisfied colleagues, weak support from management and many other problems. Sometimes employees’ leave in frustration in such situations, but those who pass through the tough times, they might have a better future in the Organisation.

Upon the job, the job responsibilities are changed so that employee learns about the various skills required to work. Also, so that employee does not feel monotones on the job.

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Personal Liability
We all have responsibilities when it comes to living in a society.  If you own a home, you must maintain it properly to avoid affecting the value of other properties in your neighborhood.  If you drive a car, you must operate it in a reasonable manner to make sure you are putting no one at risk of injury.  If you own a company, you must conduct business in a fair and safe manner.  Failing to abide by these societal expectations can cost you, both personally and professionally. The purpose of insurance is to protect the person or the business entity from financial harm.

Business Insurance Plan
Owners of a business should have a plan to protect the assets of the company as well as those of the individual owners.  While there are many types of insurance for small business, here are the primary categories:

• Property insurance
• Liability insurance
• Health insurance

Business Property Insurance
Property insurance offers protection against loss or damage, whether by theft, natural disaster, or accident.  A policy will protect both the physical building and its contents, and most insurers will cover items that are lost or stolen even after they have been removed from the premises—a laptop computer that accompanies you on a business trip, for example.

Three Basic Types of Business Liability Insurance
Even as the “protected” owner of a corporation or LLC (limited liability company), there are still circumstances where you can be held personally responsible for damages.  For example, you may have signed a personal loan guarantee for your business.  You may have caused an injury to someone through direct action or negligence, or did something illegal or irresponsible.  In these instances, the corporate umbrella may not protect you from suit.

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