The Transfer of Knowledge Is More Important than Ever
The Transfer of Knowledge Is More Important than Ever
Organizations effective at transferring knowledge from one generation to the next have seamless generational teamwork, are more profitable, and enjoy a culture of staff wellbeing.
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The successful transfer of knowledge and ideas from one generation to the next can have a big impact on an organization’s bottom line.
According to a recent study by online job search site Zippia, companies that prioritize knowledge transfer are 4.5 times more likely to have highly engaged employees. Additionally, knowledge transfer can lead to a roughly 25 percent increase in productivity and a 35 percent decrease in employee turnover.
“It’s hard to find, employ, and keep people, so the knowledge they have that makes them successful is really critical,” said Tracy Brower, a sociologist who studies the future of work and the author of “The Secrets to Happiness at Work.”
According to a recent study by online job search site Zippia, companies that prioritize knowledge transfer are 4.5 times more likely to have highly engaged employees. Additionally, knowledge transfer can lead to a roughly 25 percent increase in productivity and a 35 percent decrease in employee turnover.
“It’s hard to find, employ, and keep people, so the knowledge they have that makes them successful is really critical,” said Tracy Brower, a sociologist who studies the future of work and the author of “The Secrets to Happiness at Work.”