It may seem like a cliché to say that employees are the most valuable asset in any organization, but if your organization has felt the pain of losing a MVP who failed to transfer their knowledge before leaving, then the cliché rings true. The need to develop a knowledge transfer strategy is not new, yet only a small percentage of CEOs report their organization has implemented an effective knowledge transfer program. And while the “war for talent” certainly is a cliché, the reality is that recruiters and headhunters are targeting your top talent heavily right now and they’re one phone … Read More
Bracing for the Great Resignation
Unemployment rates have been declining in recent months, but the headline dominating the news is the Great Labor Shortage of 2021. Companies that struggled to keep the lights on during the pandemic are now struggling for entirely different reasons. It’s not the stay-at-home orders affecting business this time; it’s the lack of applications for open positions. And while that’s certainly a substantial problem, there is a more significant threat on the horizon. It’s time to brace for the Great Resignation.
Reverse Mentoring in a Multi-Generational Workforce
While there is a contentious debate among researchers, experts, and managers alike regarding the fundamental motivational drivers and values-based differences between generations, one conclusion is undeniable. With four (if not five) generations working together in organizations, the differences in experience, skills, and use of tech are striking. The oldest workers employed today are from the tail-end of the Silent Generation (born between 1925-1946). Having felt the immediate effects of the Great Depression and spending 50+ years in the workforce, they’ve seen a thing or two during their careers and they leverage those experiences to inform their decision-making. Next, the Baby … Read More
Knowledge Transfer Lessons: The Value of the Struggle
It may seem like a cliché to say that employees are the most valuable asset in any organization, but if your organization has felt the pain of losing a MVP who failed to transfer their knowledge before leaving, then the cliché rings true. The need to develop a knowledge transfer strategy is not new, yet only a small percentage of CEOs report their organization has implemented an effective knowledge transfer program. And while the “war for talent” certainly is a cliché, the reality is that recruiters and headhunters are targeting your top talent heavily right now and they’re one phone … Read More
Knowledge Transfer Challenges for Virtual Teams and Independent Leaders
The importance of Knowledge Transfer is well-recognized across organizations. From on-boarding to promotions, succession planning and expansion, the success of every employee depends largely on the accessibility of critical knowledge and historical context. Well-documented systems can share what is done and how, but understanding why requires effective on-going communication between team members. Most organizations struggle to implement knowledge transfer systems, but they’re especially difficult to execute with two key groups: virtual teams and controlling managers. Before we dive into the specific challenges for those two groups, it’s important to understand the foundation of any knowledge transfer strategy. For knowledge transfer … Read More
Knowledge Transfer Lessons: The Value of the Struggle
It may seem like a cliché to say that employees are the most valuable asset in any organization, but if your organization has felt the pain of losing a MVP who failed to transfer their knowledge before leaving, then the cliché rings true. The need to develop a knowledge transfer strategy is not new, yet only a small percentage of CEOs report their organization has implemented an effective knowledge transfer program. And while the “war for talent” certainly is a cliché, the reality is that recruiters and headhunters are targeting your top talent heavily right now and they’re one phone … Read More