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Knowledge Management: Benefits and Best Practices

Vantage Circle

All data and information need to be managed so that there is never a gap in the future. Let us now have a brief look at what knowledge management is. What is Knowledge Management? The main objective of knowledge management is to enhance the performance of the organization and approach the goals strategically.

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Here’s How IBM Predicts 95% of Its Turnover Using Data

Linkedin Talent Blog

With the cost of replacing an employee sitting anywhere between 30 and 400% of that person’s annual salary, there’s obviously a strong financial case for investing in retention — not to mention the benefits of preserving institutional knowledge and protecting morale. Last year, job attrition in the U.S.

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Workers are looking – and leaving – for career development

HR Morning

Those resources range from a knowledgeable guide to help them get settled into a new job to the ongoing training needed to acquire and apply new and advanced knowledge, skills, and abilities. But it’s the ongoing training that’s at the core of talent management —and of retention. The result?

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Everything You Need to Know about Call Center Training

PSB

However, many agents need help with modern requirements, which leads to high turnover. They efficiently handle customer complaints, questions, and issues, increasing customer satisfaction and retention. Reduce Turnover: nvesting in training keeps existing employees motivated and content. Happy customers attract more business.

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The Increased Prevalence of DC Pension Plans is Going to Change the Way We Retire. How to Prepare?

Something Different

I say this because currently knowledge management and transfer is perhaps one of the biggest gaps facing employers the world over. A shift towards phased retirement will get rid of a lot of these knowledge transfer issues, though.

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Qualities of a Good Manager: 10 Skills You Need

Engagedly

One of the leading reasons for employee turnover is lousy management. This demonstrates the influence managers have on an organization’s performance, engagement, and retention. Hiring new managers may seem to be a difficult process, with its own set of challenges.

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Mentoring: The Glue That Makes Employees Stick

ATD Human Capital

With employee retention as the ultimate goal, workplace mentoring programs can be structured to transfer knowledge within an organization, allow employees to develop their interpersonal skills and advance in their careers, or simply help people fit in. Development of Business Acumen and Soft Skills.