March 29, 2009

Knowledge Management—High turnover rate

As well all know by now that knowledge management is linked to intellectual capital. Intellectual capital not only encompases the empolyees knowledge but also the customers and vendors knowledge. It also includes things in the organisation when the employees go home such as databases, manuals, software and customer file.

I always used to wonder that if employee turnover is high then thats a lot of experience and information walking out of the door. But KM  makes it possible for us not to worry about that. If your company is organised in a way where there is exchange of knowledge and information easily available and recorded it is so much more easier. Each time something goes wrong we can record it in the database and also record how we solved the problem. So this will help us not worry about high turnover rate. But this doesnt mean that you should be happy with high turnover rate. Work to reduce it. High turn over rate means loss of time and money. Time and money taken to hire and train some one new is very expensive!!


- No comments Not publicly viewable


Add a comment

You are not allowed to comment on this entry as it has restricted commenting permissions.

March 2009

Mo Tu We Th Fr Sa Su
Feb |  Today  | Apr
                  1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31               

Search this blog

Tags

Galleries

Most recent comments

  • many big companied do block the use of IM, especailly for those concerning bussiness confidencial is… by on this entry
  • Thank you for your comment by on this entry
  • I recently came across your blog and have been reading along. I thought I would leave my first comme… by Ruth on this entry
  • I just come in to say thanks for the comment in my blog. Anyway, hv a nice time after the pma ;). C … by on this entry
  • But if you do not stop the machine, Imagine the number of products that will be defective and have t… by on this entry

Blog archive

Loading…
Not signed in
Sign in

Powered by BlogBuilder
© MMXIX