Wednesday, 8 April 2009

The hidden cost of downsizing?

Is a lack of Knowledge retention the hidden cost of downsizing? This is the subject of this post on the The Institute for Corporate Productivity (i4cp) Website. From the introduction to the Blog post "While much of the business press is focused on significant reductions in force to improve profitability, there is a hidden cost affecting corporations of all sizes, according to a recent study by the Institute for Corporate Productivity (i4cp). The study found that 30% of responding companies retain knowledge poorly or not at all when workers leave, while half (49%) think they're doing only "okay" at preserving institutional know-how. Just two in 10 think they are doing well or very well in knowledge retention"

Unfortunately the website doesn't contain the full report but this is useful reading.

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