Managing Talent Risks When Executives Transition – Using Knowledge Transfer with Technical/Operational Skills

Posted by Steve Trautman on Dec 2, 2015 11:08:00 AM

Our last blog post focused on reducing executive talent risk by modeling how to methodically transfer the “soft skills” necessary for a new job role. When coming to a new organization, executives also face similar challenges with getting their technical and operational skill sets up to speed. Take for example business planning and budget setting. I was with a client yesterday who is starting his next fiscal year budget six months in advance. Basically, they had barely finished getting the last one done, and they’re already moving on to the next. Much like the election cycle,

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Topics: Workforce Risk Management, Consistency in a Workforce, 20 Test Questions

Managing Talent Risks When Executives Transition – Using Knowledge Transfer for the “Softer Skills”

Posted by Steve Trautman on Nov 17, 2015 11:13:00 AM

In a previous blog, we talked about how we can use knowledge transfer to mitigate talent risk by creating an ecosystem of experts who can provide backup for a departing executive. I mentioned that one of our clients was preparing to replace a retiring executive. They had identified his

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Topics: Peer Mentoring, Knowledge Transfer Definition, Terms & Roles, Knowledge Transfer Planning, Change Management, Consistency in a Workforce, Common KT Misconceptions, 20 Test Questions

Managing Talent Risks When Executives Transition - Developing a Strong Ecosystem Through Knowledge Transfer

Posted by Steve Trautman on Nov 3, 2015 7:26:17 AM

I’ve been meeting with a lot of executives lately dealing with top leadership transitions. In the next few blogs, I’m going to talk about how knowledge transfer can help executives manage talent risk at the highest level. We’ll start off with the need for developing a strong team approach or “ecosystem” that mitigates the risk to the enterprise when an executive moves on.

For example, I was recently approached by the head of HR for a multinational corporation that specializes in the manufacture of imaging and optical solutions.

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Topics: Peer Mentoring, Change Management, Consistency in a Workforce, Skill Development Plan (SDP)

Before It's Too Late - Using Emergency Knowledge Transfer to Manage Talent Risk

Posted by Steve Trautman on Oct 30, 2014 6:27:34 AM

We’ve detailed how to use Emergency Knowledge Transfer (EKT) to mitigate talent risks in previous posts. My knowledge transfer team recently helped a client facing the challenge of the unexpected resignation of a business-critical expert, and the story of how the EKT process unfolded is a lesson in management’s ability to achieve quick, clear, and measurable reduction of the risk of critical knowledge loss.

Our client, a global provider of automation and information solutions, had learned that one of their key employees was giving his 30-day notice.

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Topics: Knowledge Silo Matrix (KSM), Knowledge Transfer Planning, Emergency Knowledge Transfer (EKT), Consistency in a Workforce, Skill Development Plan (SDP), 20 Test Questions

New Case Study Available

Posted by Sonjag on Jun 26, 2014 3:27:55 AM

"The proof is in the pudding," they say, and that is why I love case studies. They are a fantastic way to get a flavor of how actual knowledge transfer challenges get solved in the trenches at our client sites all over the world.

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Topics: Offshoring, Outsourcing, Best Practices, Consistency in a Workforce

Are Our People Really Our Most Important Asset? - Managing Talent Risk, Part 2

Posted by Steve Trautman on Jun 3, 2014 2:58:43 AM

Last week’s post to this blog introduced the topic of managing talent risk and busted three common misconceptions around that. Let’s take on another.

As business leaders, you manage many risks systematically and with great rigor. You manage risk of litigation with contracts and insurance, risk to operations with multiple suppliers and maintenance protocols, risk to health and safety by having protective gear and environmental sensors, risk to finance by maintaining cash reserves and lines of credit, etc. Yet with all that you do in risk management elsewhere in your business, you likely do not have a rigorous way to assess and methodically mitigate talent risk in your workforce.

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Topics: Workforce Risk Management, Knowledge Transfer Planning, Change Management, Consistency in a Workforce, Skilled Worker Shortage

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Steve Trautman is corporate America’s leading knowledge transfer expert. With two decades of application inside blue chips and Fortune 1000s, his pioneering work in the field of knowledge transfer and related risk management tools are now the nationally-recognized gold standard. He is known for a high energy style that combines humor, street smarts, and board room wisdom.

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