Knowledge Management Can Improve Employee Retention
By Doug Caverly
Staff Writer
Article Date: 2008-06-27
Employees come and employees go; such is business. It's better when they don't abandon you, though, and a new study shows that effective knowledge management might go a long ways towards keeping workers around.
This research comes from The British University in Dubai (BUiD), and although its observations were based on conditions in the Middle East, it's easy to see a universal applicability.
Trevor Lloyd-Jones reports, then, "The fast growth of new companies in the region - and the increasing diversification of operations by many large Arab corporations - has created a situation where businesses aren't effectively sharing internal learning and experience, disorientating both new and longstanding employees."
He later continues, "Effective knowledge management, which deploys a range of practices to identify, create, represent, and distribute knowledge within a company, could provide a vital resource for organisations as they move forward."
The BUiD is still examining which specific approaches should lead to this result, and a date on which its findings will be announced remains unknown. Yet, with the economy causing people to look at money in a very different way, it seems like businesses might want to do some testing of their own in the meantime.
About the Author:
Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.
