We don’t often post our own personal photos, but there are some moments worth sharing and celebrating.
The Forbes.com headline reads, “With Staggs Out, Disney Investors Left Wondering Why Bob Iger's Succession Plan Fell Apart.” When one person can move a stock price for a company like Disney by 2% over night I call that Talent Risk. We have many clients who are struggling with this problem - key executives playing critical roles appear irreplaceable.
Here is the closing line of this fascinating New York Times article on testing, “…But the emerging study of pretesting flips that logic on its head. 'Teaching to the test’ becomes ‘learning to understand the pretest,’ whichever one the teacher chooses to devise. The test, that is, becomes an introduction to what students should learn, rather than a final judgment on what they did not.”
Benedict Carey refers to research that supports a belief we at our knowledge transfer consulting firm have espoused for the last ten years
We at The Steve Trautman Co., pioneers and experts in knowledge transfer, are pleased to announce a new strategic partnership with Career Partners International, a leading global provider of high-quality talent management solutions. Through the partnership, Career Partners International—via their more than 200 offices worldwide—will bring organizations our recognized gold standard in knowledge transfer solutions. Our 3-step knowledge transfer process helps organizations to assess talent risks, internally share knowledge, and reduce the loss of talent and expertise. Our practical framework is proven to retain and cross-train more than 90% of a company’s unique knowledge while cutting the ramp-up time to productivity of new hires by 50%.
Topics: In the News
It was great to see the New York Times headline this weekend touting Yahoo’s purchase of Tumblr and other start ups. The deal presents a great opportunity to tap into Tumblr’s 117 million (mostly young) users and better connect Yahoo with the future of the internet rather than the past. Of course, another big reason for this purchase is to pick up the talent that will come with owning Tumblr. It sounds like you’ve already locked down Tumblr's 26-year-old CEO, David Karp, for at least four years. You might even secure his next level of leadership. But, what about the rest of the crew? Will the best and brightest stay on once absorbed into the mothership—or run away as quickly as possible?
This article in our Seattle newspaper (Seattle Times, Sept. 14, 2012) illustrates the dramatic nature of the risk of talent loss and skilled worker shortage. The article looks at the planned move of the Air Force One program from Oklahoma to Texas. It brings home the point that the risk of talent loss is something that should be at the top of every executive’s list of things that keep them awake at night. The article also provides a great opportunity to talk about how knowledge transfer gives executives (including those at Boeing, as you’ll read) the tools to mitigate this risk.