Risk Management: The Detail Most Executives Miss

Posted by Steve Trautman on Apr 13, 2017 1:23:01 PM

Organizations of all sizes already assess and manage many types of business risk day to day, including legal, operational, financial, and insurance. As a business leader you would never dream of just going with your gut when faced with the legal risks of a big contract, and no board of directors would settle for an executive declaring, “I have a feeling our workers will be safe enough,” or “our production capacity seemed fine so I fired the analysts.” And even though in-house risk managers and vendors (lawyers, insurance brokers) may shoulder the heavy lifting, line executives are expected to have at least a basic understanding of how to address common types of business risk and where to go for help. That is, except for one of the biggest risk areas - no one methodically manages technical talent risk.

Read More
0 Comments View Comments

Topics: Workforce Risk Management, Talent Risk Management, talent risk mangement definition, Risk Management

Getting Aligned – The Key to Prioritizing and Reducing Talent Risk

Posted by Steve Trautman on Mar 23, 2016 12:48:46 PM

When assessing and managing talent risk and preparing for knowledge transfer, we work to uncover data like who’s the expert, how many employees do we have that are capable of that work, how many employees do we have that are learning that work, and whether it’s at risk. If it’s at risk, is it a high priority? The Knowledge Silo Matrix (KSM), Step One in our 3-Step Process, gives leaders a place to represent the data so that they can show it to their peers, to their employees, to their bosses.

Read More
2 Comments View Comments

Topics: Knowledge Silo Matrix (KSM), Workforce Risk Management, Skill Development Plan (SDP), Skilled Worker Shortage, Talent Risk Management, 3-Step Knowledge Transfer, knowledge transfer

Beyond Job Shadowing - A Better Way to Replicate Your Top Talent

Posted by Bridget Jennings on Feb 26, 2016 5:06:24 PM

We at the Steve Trautman Company have long asserted that while traditional job shadowing has been a common practice for transferring skills from the knowledgeable employee to a new hire, there are inherent flaws with relying on this method to replicate your top talent:

Read More
1 Comment View Comments

Topics: Workforce Risk Management, Skilled Worker Shortage, Talent Risk Management, 3-Step Knowledge Transfer, knowledge transfer blog

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,

Read More
1 Comment View Comments

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

Can Knowledge Transfer Programs Succeed with Employees Who Bill Hourly? – A Quick Q&A

Posted by Steve Trautman on Sep 26, 2014 6:45:17 AM

A structured knowledge transfer program intentionally moves critical knowledge and skills from employee to employee on the job. One marker of a good knowledge transfer program is versatility—the process should work in all types of business environments. For example, my knowledge transfer consulting firm was recently asked this question by a potential client:

Hi Steve,

How might your 3-step knowledge transfer process work with a firm that runs on billable hours to their clients? Making time to train people and/or transfer knowledge is a challenge.



Read More
1 Comment View Comments

Topics: Peer Mentoring, Workforce Risk Management, Knowledge Transfer Planning, Knowledge Transfer Strategy, Common KT Misconceptions

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.

Read More
1 Comment View Comments

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

Knowledge Transfer Today Blog

A source for knowledge transfer, talent management, and the practice of teaching what you know.

Subscribe to Email Blog Updates


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.

Knowledge Transfer: Preserving Your Secret Sauce

Knowledge Transfer Strategy

Get White Paper Now

edwards lifesciences
socal edison