Often, we are too slow to recognise how much and in what ways we can assist each other through sharing expertise and knowledge.
It is incredible to think that the average large US business loses $47 million in productivity each year as a direct result of inefficient knowledge sharing, which clearly shows the importance of capturing, retaining and communicating the knowledge that exists within in your company. By doing so, you are ensuring that the specialist knowledge your team has built up stays within the company, even if they choose to move on or retire.
Making it easy for employees to find, share and re-use the information and resources already within the organisations leads to:
Better team co-operation and morale
Improved team communication
A more diverse sharing of insights, leading to valuable new breakthroughs
Delivering training can, however, be very time-consuming and expensive. Allocating the time and expenses for training as well as lost