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Mitigate Key IT Employee Knowledge Loss

Transfer IT knowledge before it’s gone.

  • Over 66 million Baby Boomers will retire within the next 20 years, which means that a significant portion of your IT knowledge will be gone.
  • Effective knowledge transfer mitigates risks from employees leaving the organization and is a key asset driving innovation and customer service.

Our Advice

Critical Insight

  • Despite the looming threat of baby boomer retirement, 74% of organizations do not have a formal process for capturing and retaining knowledge – which when lost results in decreased productivity, increased risk, and money out the door. It’s estimated that Fortune 500 companies lose approximately $31.5 billion each year by failing to share knowledge.
  • Don’t follow a one-size-fits-all approach to knowledge transfer strategy! Right-size your approach based on your business goals.
  • Prioritize knowledge transfer candidates based on their likelihood of departure and the impact of losing that knowledge.
  • Select knowledge transfer tactics based on the type of knowledge that needs to be captured – explicit or tacit.

Impact and Result

Successful completion of the IT knowledge transfer project will result in the following outcomes:

  1. Approval for IT knowledge transfer project obtained.
  2. Knowledge and stakeholder risks identified.
  3. Effective knowledge transfer plans built.
  4. Knowledge transfer roadmap built.
  5. Knowledge transfer roadmap communicated and approval obtained.

Mitigate Key IT Employee Knowledge Loss

1. Make the case for knowledge transfer

Minimize risk and IT costs resulting from attrition through effective knowledge transfer.

2. Structure the project

Identify current maturity of knowledge transfer and build project charter.

3. Identify knowledge priorities

Identify knowledge sources and risk profile.

4. Build knowledge transfer plans

Ensure prioritized knowledge is transferred and retained.

5. Build knowledge transfer roadmap

Prioritize and define knowledge transfer initiatives.


Member Testimonials

After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve. See our top member experiences for this blueprint and what our clients have to say.

9.0/10


Overall Impact

$10,000


Average $ Saved

2


Average Days Saved

Client

Experience

Impact

$ Saved

Days Saved

Saskatchewan Blue Cross

Guided Implementation

9/10

$10,000

2

Spencers TV & Appliance

Guided Implementation

9/10

N/A

N/A

Bernalillo County

Guided Implementation

9/10

$31,833

10


Knowledge Management

66 million Baby Boomers are set to retire and they're taking 50+ years of knowledge with them.
This course makes up part of the People & Resources Certificate.

Now Playing: Academy: Knowledge Management | Executive Brief

An active membership is required to access Info-Tech Academy
  • Course Modules: 5
  • Estimated Completion Time: 2-2.5 hours
  • Featured Analysts:
  • Carlene McCubbin, Sr. Research Manager, CIO Practice
  • James Alexander, SVP of Research and Advisory, CIO Practice

Onsite Workshop: Mitigate Key IT Employee Knowledge Loss

Onsite workshops offer an easy way to accelerate your project. If you are unable to do the project yourself, and a Guided Implementation isn't enough, we offer low-cost onsite delivery of our project workshops. We take you through every phase of your project and ensure that you have a roadmap in place to complete your project successfully.

Module 1: Define the Current and Target State

The Purpose

  • Gain a thorough understanding of reasons why your organization should invest in knowledge transfer.
  • Identify specific challenges that this workshop will address.

Key Benefits Achieved

  • Identified challenges.
  • Defined target state.
  • Identified project team.

Activities

Outputs

1.1

Knowledge transfer fireside chat.

  • Organizational benefits and current pain points of knowledge transfer.
1.2

Identify current and target maturity.

  • Identified target state of maturity.
1.3

Identify knowledge transfer metrics.

  • Metrics for knowledge transfer.
1.4

Identify knowledge transfer project stakeholders.

  • Project stakeholder register.

Module 2: Identify Knowledge Priorities

The Purpose

  •  Identify who your primary risk targets for knowledge transfer are.

Key Benefits Achieved

  •  Identified knowledge sources.
  • Identified knowledge risks.
  • Identified knowledge sources’ likelihood of departure.

Activities

Outputs

2.1

Identify your knowledge sources.

  • List of high risk knowledge sources.
2.2

Complete a knowledge risk assessment.

  • Departure analysis.
2.3

Identify knowledge sources’ level of knowledge risk.

  • Knowledge risk analysis.

Module 3: Build Knowledge Transfer Plans

The Purpose

  • Build an interview guide.
  • Practice interviewing knowledge sources to identify key knowledge assets.

Key Benefits Achieved

  • Key sources interviewed.
  • Understanding of key knowledge transfer tactics.
  • Completed knowledge transfer plan.

Activities

Outputs

3.1

Build an interview guide.

  • Knowledge transfer interview guide.
3.2

Interview knowledge holders.

  • Itemized knowledge assets.

Module 4: Define the Knowledge Transfer Roadmap

The Purpose

  • Build the logistics of the knowledge transfer roadmap.
  • Communicate to key stakeholders.

Key Benefits Achieved

  • Prioritized the sequence of initiatives.
  • Completed the project roadmap.
  • Ready to communicate with project team and sponsor.

Activities

Outputs

4.1

Prioritize the sequence of initiatives.

  • Prioritized sequence based on target state maturity goals.
4.2

Complete the project roadmap.

  • Project roadmap.
4.3

Prepare communication presentation.

  • Communication deck.

About Info-Tech

Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

Member Rating

9.0/10
Overall Impact

$10,000
Average $ Saved

2
Average Days Saved

After each Info-Tech experience, we ask our members to quantify the real-time savings, monetary impact, and project improvements our research helped them achieve.

Read what our members are saying

What Is a Blueprint?

A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.

Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.

Need Extra Help?
Try Our Guided Implementations

Get the help you need in this 1-phase advisory process. You'll receive 3 touchpoints with our researchers, all included in your membership.

  • Call #1 - Structure the project

    Get off to a productive start: Discuss knowledge transfer maturity goal and metrics. Review the IT Knowledge Transfer Project Charter Template.

  • Call #2 - Build knowledge transfer plans

    Identify knowledge priorities and plan transfer tactics: Review the IT Knowledge Transfer Risk Assessment Tool. Discuss differences between tacit and explicit knowledge and the most effective transfer tactics for different situations. Review IT Knowledge Transfer Plan Template.

  • Call #3 - Build knowledge transfer roadmap

    Roadmap creation: Determine logistics of implementing transfer tactics and create key messages to present the roadmap to stakeholders. Review roadmap and metrics.

Contributors

  • City of Topeka

Search Code: 74709
Published: October 24, 2014
Last Revised: October 24, 2014

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