Your Unique Problems
KNOWLEDGE TRANSFER — An organization's ability to effectively and efficiently convey vital information from employee to employee in a way that keeps projects moving forward, even in the face of the loss of personnel.
Most companies don't know how to best transfer knowledge from one employee to another. The loss of knowledge and expertise from retiring and exiting employees could cost you – in both time and money.
The most valuable asset in your business is not on your balance sheet. It is the asset that walks out the door nightly, retaining crucial knowledge about the tasks and processes that help run your business. Make sure you are prepared if this knowledge permanently walks out the door.
Employers do have the opportunity to plan in advance for some knowledge drain, in situations including retirement, maternity leave, and temporary workers. But there are circumstances that come up unexpectedly, like serious accidents, long-term illness, and prolonged family medical leave.
Are you adequately protected if your key employees suddenly leave? The cost of losing a key employee is measured not just monetarily, but by the disruption it represents to the business workflow.
When you successfully transfer knowledge and simplify operations, your company is more secure.
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