REASONS EMPLOYEES LEAVE INCLUDE: RETIREMENT, LONG-TERM ILLNESS, NEW
EMPLOYMENT
By the end of this decade approximately 31 million baby boomers can walk out of their company’s doors along with a huge body of accrued knowledge, including procedural and historical information, as well as contacts built over the years and insights born of experience. Similar instabilities will affect companies on a smaller scale when key employees leave for long-term illnesses or for employment elsewhere.
Here is Your Challenge
What?
What knowledge is likely to be LOST when critical employees leave?
So What?
What will be the business CONSEQUENCES of losing that knowledge?
Now What?
What can be done to prevent or minimize the DAMAGE?
Is Your Business Protected?
Identify and Reduce the Risk Associated with Critical Knowledge Loss
Write it Down
Sounds simple! Too often the key to success in a job is in the mind of the current employee – not documented!
Educate and Cross-Train
Sounds obvious! Organizations neglect to formally prepare successors until it’s too late!
Evaluate Yearly
Review the process – is your documentation current?
