Read the Backup Plans: How to Preserve Institutional Knowledge as Employees DepartLinks to an external site.
After reading, answer the following. You must analyze the issue as it pertains to the materials of the course up to the modules when the issue analysis is due. Offer your insights, analysis, and summary in a detailed fashion (using the guiding questions provided). Be sure to cite the textbook and relevant articles in your writing, in proper APA format. Issue Analysis is due Sunday 04/21 at 11:59 CST. See syllabus for grading criteria.
Immediate Strategies. Given the immediate strategies mentioned in the article to combat brain drain, such as making knowledge-sharing part of company values, spot bonuses, and fostering a sense of connectedness, discuss which strategies you find most effective for retaining talent in the context of risk management. How might these strategies address the unique challenges posed by the Great Retirement and the current employment landscape?
Longer-Term Approaches. The article suggests longer-term approaches, such as conducting interviews with employees, implementing mentoring or job shadowing programs, and developing processes for capturing instructions. Discuss the importance of these longer-term strategies in the context of risk management and how they contribute to building a resilient workforce. How can organizations ensure a smooth transition of knowledge, especially in sectors like risk management that rely heavily on experience and expertise?
These questions engage you to critically think about the challenges posed by the workforce trends and brainstorm effective strategies for talent retention, particularly in the context of risk management.