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However, when a well-tenured person does retire or resign, a substantial reserve of company-specific insights may be lost. That is, unless you have a system for regularly capturing institutional knowledge. What is institutional knowledge? We see institutional knowledge as a good thing (until it’s not).
Years ago, people just retired. They announced to their boss that they were going to retire. It’s the idea that you don’t have to retire. Professionals of all ages are planning for it. KnowledgeManagement : Retaining workers, even in a part-time or contingent status, allows the organization to retain knowledge.
We’ve all heard the cliché “knowledge is power,” but what use is knowledge in the workplace if it is trapped inside your employees’ heads? There is no shortage of information on the subject of knowledgemanagement (KM), but the topic is hot with good reason. alone, about 10,000 baby boomers retire every day.
By incorporating competencies such as “Learning and KnowledgeManagement” and “Flexibility and Resilience,” you can encourage employees to embrace new challenges, acquire new skills, and adapt to changing business environments. In today’s business world, agility is key.
There may have been a brief pause in coaching leaders, but currently we are seeing many requests for coaching and assessments , as well as strategic successionplanning. The same applies to those contemplating retirement. Coaching and training are more important now than ever before. Get them ready for future roles now.
Successionplanning. Successionplanning is a talent management must-do for organizations of all sizes, whether a global corporation, a small non-profit, a mid-sized college or a family business with a dozen employees. Institutional knowledge/Knowledgemanagement. The result?
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