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Started by : ANAND M, Freelancer, Human Resources (HR) Consulting   01 21 2011 05:42:50 +0000
Industry : Human Resources (HR) ConsultingFunctional Area : Talent Management(People Management)
Activity:  113 views;  last activity : 06 17 2012 01:39:19 +0000

Let us take an example here first....like, the steve Jobs medical leave which has spread a spark of tension among the industries to find out a means to retain knowledge while top tech talents depart. Only a quarter of the IT worker force consists of baby boomers where as the rest all consist of top tech talents and their departure will bring a huge impact. So tackling this issue is a thorn in the flesh for many organizations. So, how to retain knowledge while top talent departs from your organization?  Please do share your thoughts on this...

 
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1 2 3 4 5
1 Proper Knwoledge transfer
2 documentation
3 Develop GROUP dynamics
4 Knowledge Management
5 Intangible domain knowledge is more important than tangible domain knowledge.
6 Develop an efficient second line
7 Succession Planning
8 second in command must be always kept to maintain the rythm .
9 Listen, analyse and act
10 Added idea
11 Develop GROUP dynamics
12 Early detection, timely accommodation
13 a proper handover and complete back up of his/her work
14 A Proper Process for Exit Cases
15 creating the environment to share and build the knowledge transfer platform.
16 Develop more SME's
17 Give Ownership of Work
18 Develop the team under the knowledgeble Person.
19 Develop Second Line of management

Proper Knwoledge transfer

idea posted by ANAND M Freelancer, Human Resources (HR) Consulting

I think a proper knowledge transfer should happen here...take inventory of those who are, or soon will be, retiring, people with special knowledge of products, services and/or customers from those who are leaving and also insight about their work processes/workflow from these departing individuals.

And then secondly, designate which of your tech talent should spend extensive time with those departing staffers who know the most critical information. And when such knowledge is transfered to the new employee then one can easily let go their top talent who are retiring or leaving the workforce due to some other opportunity else where.

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by ATMA RAM CHAVALI, MANAGER IT, SBH  | 01 22 2011 17:19:31 +0000

yes, to some extent knowledge transfer, giving proper importance/weightage to the talented pool and proper recognition with pay package is more important to retain the talented lot.

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by NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 01 21 2011 18:16:56 +0000

Well said Mr.Anand.

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by Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd  | 01 21 2011 07:40:58 +0000

Yes Anand I agree in order to go up whether for company or individual it is important to transfer the the knowledge properly for the benefit of all.

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documentation

idea posted by RAMESH KANDADAI Principal Consultant, ARM Consultants
Knowledge capture is a very specialised profession by itself. Documentation of knowledge acquisition and capture are the key aspects. When a company is properly process driven which captures all knowledge and learnings, such knowledge transfer is easily done. In the final analysis, it all depends on how well process developed and driven the organization is. In short organizational maturity.
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by Navanath d, vernekar, Project Manager, terranova real estate goa pvt. ltd.  | 01 22 2011 04:06:19 +0000

s...indeed..proper process is the key.

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by RENJITH K K, HR Officer, Hindustan Petroleum Corporation Limited [HPCL]  | 01 21 2011 07:03:12 +0000

Proper documentation is the best way to protect the business from attrition related issues like information gap. Once the process and procedures are documented, it becomes easier for the successor to follow it and improve it if required. database management is also required along with this.

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Develop GROUP dynamics

idea posted by Mohammad Bakhsh Consultant(Civil), Rail Vikas Nigam Limited

It will remain bane of any organization.However,IT enabled companies can stop the rot and retain the knowledge.The employees must work in unison and share experiences so that in case one departs, the next in the group can fill the gape.

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by Business Management Consultant, : I can provide you with Management Consulting & Counseling Services  | 06 17 2012 01:40:12 +0000

I agree that working in unison is important and beneficial. There are many things that can be said and done about this but it's good to have documentation and good methods of knowledge transfer. 

~Business Management Consulting Services

CEO Business Management Solutions www.CEOBusinessManagementSolutions.com 

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Knowledge Management

idea posted by K. NARAYAN None, None

Nowadays KM has become a big aspect of management , and most good companies have KM on their corporate website , so that the corporate body of knowledge keeps growing , and new entrants find it much easier to tackle problems instead of reinventing the wheel. This can be an internal resource.

As an external resource , companies also have a Knowledge Base website , and product forums where both company employees and customers can contribute their knowledge and experiences to not only add to everyone's knowledge , but also indirectly , promote the products.

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by S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 01 22 2011 16:04:02 +0000

Knowledge management is the apt method to retain the knowledge base of the top talent who would want to quit. Knowledge transfer is a continuous process and cannot take place over night. The best way to extract such knowledge is to develop a number of case studies within the organisation revolving around the problems reported across the board and the solutions arrived. A number of open source applications are available in the public domain, or the organisations can look for developing one as per the requirement. The outgoing talent can in no way claim copyright or IPR for the knowledge stored for the period he served the organisation for which compensation for his services are meted out by the organisation!

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Intangible domain knowledge is more important than tangible domain knowledge.

idea posted by Rajendran Mariagnanam Mariagnanam Founder and managing partner, Braintrain consultancy services LLP
I would like to reiterate that knowledge has two parts like that of a coin.One is domain knowledge which is tangible and the other is the process knowledge which is intangible.The intangible knowledge is what that matters in productivity and that always remain with the people who are part of the organisation. over the years the experience curve that has improved the process nuances in an individual employee is always with the individual.This Intangible knowledge cannot be extracted as it stays with the individual as such. once a person leaves he takes it along with him and the organisations losses it. In this advance technology it is very difficult to capture all the intangible knowledge and have a repository of it. The best jobs are done by people with best intangible domain knowledge and not just with normal processes and knowledge domain that would have been documented. hence one has to see the that such talented person should in any case not leave the organisation as much as possible. if one think that there are many people available at a cost that could be less ,but it could not make up the loss of a person with the intangible knowledge taht makes the difference in growth. In other words i would like to compare the intangible knowledge with wisdom and not just knowledge alone. One may decide what one should have to keep the talent and as well as the intangible domain knowledge.
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by Vivek Singh, Project Manager, L&T  | 01 24 2011 04:22:07 +0000

Very true and a very realistic point of view.

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Develop an efficient second line

idea posted by Raju V P Senior Manager, an International Bank
Atleast two people should know how to perform any task - technical, business, operational or anything. One of the persons should go on an extended vacation - say two to three weeks - compulsorily so that the other person gets to handle this job. Hands-on training.
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by SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 01 21 2011 14:10:12 +0000

Very correctly said & is the best option to retain knowledge, when top talent departs.

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Succession Planning

idea posted by Upendra Pratap Singh Head/VP/GM-R&D, SAIL,Bokaro Steel Plant

1. Development of team: If the company relies on team building instead of depending on individual there will be less pain when top talent departs.

2. Proper and safe documentation: Proper and safe documentation of details and salient features of various processes and products help continuity.

3. Succession Planning: This is of vital importance for all organizations. All top leaders and talent will leave the organization on retirement or on availability of better opportunities elsewhere. An early identification of successor,his proper grooming and placement with the top leader/talent at the earliest and well before his planned departure is essential.

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second in command must be always kept to maintain the rythm .

idea posted by rakeshbhatnagar GM Projects., wig brothers india pvt.ltd.
aAsecond in command must be always kept to follow a good leader,this can result in maintaining the rythm of work . This is the only to wayout.
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Listen, analyse and act

idea posted by Jaygopal Raghavan Marketing Manager, Landmark Group
If top talent is leaving the organisation one has to first understand the reasons behind this decision. Usually it will be either because of a bad boss or less remuneration. If it is a bad boss, HR should get into the details in an unbiased manner and take necesarry action. If it is remuneration, then they ought to be compensated in line with the market.
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Added idea

idea posted by PARTHA GHOSH ICICI Securities Limited
The company should create a clean enviornment and feedback practice which will help preserve the human talent. Even in the feedback session both the pearty should neither behave like a Man nor like a Woman rather they should behave like a Human.
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Develop GROUP dynamics

idea posted by Mohammad Bakhsh Consultant(Civil), Rail Vikas Nigam Limited
It will remain bane of any organization.However,IT enabled companies can stop the rot and retain the knowledge.
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Early detection, timely accommodation

idea posted by Ravindra Sharma Managing Consultant, CHEF-India

An organisation must have effective systems in place to have ability and speed to identify talent, effectively deal, utilise as also transfer of knowledge.

Timely recognition helps retention.

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a proper handover and complete back up of his/her work

idea posted by Atul Joshi CEO/MD/Director, Lions Alliance General Trading Co
a proper handover and complete back up of his/her work before the employee leaves
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A Proper Process for Exit Cases

idea posted by V. Srinivas Freelancer, Information Technology
There has to be a proper documented process on what to do when an employee puts in his papers. specially if he is at a higher level. Some of these can include but not be limited to the following: 1.) Identification and placement of an replacement immediately. 2) Proper documentation of all current files that are being handled by the chap. 3.) Identification by name of all subordinates who are reporting to him, what work they do, and what is the status of the same. 4.) List of "external Customers", what is the deliveries, what are the commitments. 5.) Possible problems envisaged and how to handle the same. 6) Immediate take-over of the new hand, with the exitee in a possibly only in an advisory role. This should be mandatory atleat during the last half of the notice period. Unfortunately, in most cases, the employee leaves and it is only sometime after he has left that the need for a replacement is thought of.
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creating the environment to share and build the knowledge transfer platform.

idea posted by Ramesh shirolkar Academic Incharge,, Edutech Nttf India pvt ltd
Majority of the time talented people hesitate to share, as they feel once it is transferred to second line, they loose their importance, hence they become holders, they don't share, the organisation has to create the environment for knowledge transfer and has to acknowledge it.
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Develop more SME's

idea posted by Sridhar S Business Technologist
Organization should develop more Subject Mater Experts (SME) to have seamless operations...
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Give Ownership of Work

idea posted by Suraj Sinha Propritor, SRS Structure
It is a big thing.choose right Candidate, groom it give Ownership of Work.Freedom & Satisfaction of Work & Life.
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Develop the team under the knowledgeble Person.

idea posted by Amit Kumar Jha Sr. Executive, Info Edge (India)
We should develop the teams under the experience person. It will give the support to the management to retain the knowlede base, sharing the knowledge with the people is important to retain the part in the organisation.
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Develop Second Line of management

idea posted by Suryanarayan Murthy Free lancer
Whenever you have top talent in your organisation, develop a second line of management.. which takes over in case of loss of top talent unexpectedly.
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