What is At-risk Knowledge?

[tasmih1234]

At-risk knowledge is unique knowledge and skills that might be lost due to changes in workforce demographics, projects, and/or technologies. When most people think about at-risk knowledge, they think employees that are up for retirement. Retirement is a huge driver of knowledge loss, and organizations would be wise to plan ahead for the “Silver Tsunami” of Baby Boomer retirements. But retirement isn’t the only factor that puts knowledge at risk.


A lot of knowledge is put at risk by the way we staff and run organizations today. In many businesses, employees constantly move from project to project. Contract work is increasingly popular across industries. Most analysts predict M&A activity will resume its rapid pace after (and perhaps even before) the world recovers from the pandemic. In the islands mobile numbers list meanwhile, COVID has accelerated the need to move to new technology tools and systems now—even if that means postponing migration of content from legacy systems. In a digitally enabled environment where remote work is the new normal, processes are changing too—and fast. Some organizations, seeking to cut costs where they can, are automating processes before investing time in documenting or analyzing them.


All of this movement—of people, process, and technology—creates the potential for permanent, irrevocable knowledge loss. The consequences of knowledge loss can be dire. Just ask NASA, who has to start from scratch on the next human mission to the moon because it lost the knowledge from Apollo. Or, consider this finding from HR Daily Advisor: A firm with 1,000 employees can expect to lose $2.4 million in productivity annually from to the day-to-day inefficiencies caused by knowledge loss.

[yadaysrdone]

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