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Tag Archives: skills transfer

The Effect of Corporate Knowledge Loss

In 2004, a study of 240 organizations was conducted by TalentKeepers, who found that the greatest impact of employee turnover was lost knowledge – not profitability!  Lost knowledge had negatively affected a staggering 78% of the organizations. How does knowledge …

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Knowledge Transfer: Critical Strategy for Public Sector Retirements

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The term “baby boomers” refers to people who were born between the years 1947 and 1966. In Canada, this demographic group makes up an amazing two-thirds of the public sector workforce. A Canadian public sector employee can retire at 55 …

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What is Succession Planning Anyway?

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In a world of tentative financial markets, mass retirements, labour shortages, and government cuts, succession planning has quickly become a buzz word in many industries. Even if you are familiar with this term, you may still have some questions about …

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5 Human Resource Consulting Gems That Will Help You Grow Your Business

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Human resource challenges can affect productivity and profit. Such situations are often unique to your organization and employees and, therefore, require specialized solutions. Could a human resource consulting firm help you deal with these challenges? Definitely. A consulting firm with …

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A Seven Step Succession Planning Template

You can now purchase The Competency Group’s Succession Planning Template: A Step-by-step Guide for Organisations which is a user-friendly workbook designed to guide organizations through the essential process of creating and implementing a succession plan. Our forty-seven page resource provides easy-to-follow instructions for …

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Lost Knowledge, Lost Opportunity

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I was speaking with a business colleague recently who has a large number of retiring business owners seeking his assistance. He specializes in building websites for successful family-run businesses. Many business owners who built their success over many years of …

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Skills Transfer: A Sensible Solution to Labour Shortage

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The Canadian labour shortage in specialized skills has been a pressing concern for some time now. Employers are constantly on the lookout for people with the right skills to fill essential positions in major industries. On the other hand, the …

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