KnowHow, Inc. - The Corporate Knowledge Experts™
Phone: 1.888.787.0392 | Email:info@knowhowinc.com
Cost of Knowledge Turnover Estimate 1 0f 6
Corporate Amnesia
Many companies today are not up to speed as to how the exit of employee knowledge can affect a company. In fact, many leaders are under the misconception that not capturing employee intellectual capital will not affect their bottom line. In fact, it has been proven that when this occurs, the results are decreased productivity, increased employee frustration and lost revenue. The Return on Investment for knowledge capture is higher than you think. Consider the following factors before you make a decision to initiate a knowledge continuity project. We know that if you answer these questions honestly, you will understand the importance of such an endeavor. Do it and you increase your bottom line. Don't do it and you risk losing the advantages that your competition may be taking to increase their bottom line.
...The choice is yours.
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KnowHow Inc. can help you:
Capture the information that is critical to your company"s future quickly and efficiently.
Transfer that knowledge to new hires so that they can become immediately productive or transfer up to 60% of the work from high-cost employees to lower-cost employees
Identify the key communicators in your company"s social network and learn to leverage their power and skills.
Educate management about the necessity of viewing corporate knowledge as its most important capital asset going forward and strategizing accordingly.
Improve time-to-competency of new hires by 30 percent
Enhance operational efficiency by 15 percent.
Identify the highest 20 percent of at-risk knowledge.
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Terms:Corporate Knowledge The sum of the documented and undocumented process and skills that a company uses to do their work.
Knowledge Loss The loss of the cumulative experience and knowledge from staff changes from retirement, attrition, promotion, relocation. Without training that KnowHow Inc can provide, this information will be lost and much time and training will be required to regain it.
Key Communicators The individuals who always seem to know what's happening and are respected and listened to in their organizations and teams. KnowHow Inc. has programs to help find these key individuals.
At-Risk Knowledge The vital knowledge and skills that are key to the running of the company and in danger of being lost due to retirement or attrition. Without Knowledge Management, this data is generally not captured. KnowHow Inc. has methods and trainng to help you capture that important knowledge.
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