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Do Workers Actually Enjoy Commuting?

commute

Do Workers Actually Enjoy Commuting?

Ah, the coronavirus. Although it’s had a negative impact on many of us, for those who are still working it’s meant setting up a small space at home to work from. It’s also meant that many have saved time on their daily commute – instead of traveling to the office our commute now consists of grabbing a cup of coffee and our breakfast, or maybe even a morning workout.

Let’s face it, if you commute, especially on public transport, the thought of going back to packed trains and armpits in your face can seem pretty unappealing. But, even if we are encouraged by our employers to get back in the office, would we rather remain at home to avoid traveling?

Do Brits miss our daily commute?

According to a recent study by Devitt Insurance, before the outbreak, 37% of commuters said they actually enjoyed their journey into work, whereas roughly 17% didn’t enjoy it at all. Surprisingly, since restrictions have eased and many businesses are opening again, their research found that of those who have returned to commuting, 46% said they actually enjoy their journey now, up from 37%!

Could this leap in people enjoying their commute be thanks to less packed services or more opting to cycle and walk to their places of work?

Stressful or joyful? Do we actually enjoy commuting?

Despite the rise in people enjoying their commute being quite high, the stress of traveling is still a huge concern for many. What with new restrictions and things to think about such as face masks, hand sanitizer, and having as little contact with surfaces as possible, it’s easy to see why 33% of those who were surveyed said they felt stressed during their commute!

According to the data, the South East holds the most stressed commuters at 37%, with the North West coming in a close second at 35%. At the other end of the scale, you’ll find those in the Midlands (29%) and in Wales (28.6%). It seems that on average, the further away from the capital you are, the less stressful your journey generally is!

Have our habits changed due to the coronavirus?

With the tiered system and the threat of another lockdown very much in the back of our minds still, how will things shift in this new COVID-19 world? Will people stick with hopping on public transport, or will many look to change the way they commute?

According to Devitt Insurance, a whopping 76% of commuters who used public transport to get to work before the lockdowns happened, plan to change to a totally different mode of traveling in the future. They also discovered that journeys via a motorbike had become the number one option for those looking to make a switch from public transport.

When you start traveling to the office or other workplace again, what will your commute look like?

mentor

How Younger Workers Can Mentor Older Ones And Move Companies Forward

Mentoring usually refers to a manager, executive, or experienced employee guiding a younger person in the workplace, helping them acquire knowledge and new skills that foster professional growth.

But with the expanding role of technology in today’s rapidly evolving business climate, a role reversal sometimes takes place – reverse mentorship. That is, older employees are paired with younger ones who teach them about technology – a strong suit for millennials and Gen Z workers, generations who grew up with technology.

Reverse mentoring can be a plus for businesses in bridging generation gaps and knowledge gaps, and also a lifeline for older workers who otherwise might get phased out, says Rod Robertson, Managing Partner of Briggs Capital (www.briggscapital.com), international entrepreneur, and author of Winning at Entrepreneurship: Insider’s Tips on Buying, Building, and Selling Your Own Business.

“The older people better pay attention to these young people and find a mentor so they can teach them about technology,” Robertson says. “Recent studies have shown that the COVID-19 pandemic has greatly accelerated the shift to e-commerce and e-learning.

“The people who don’t climb aboard the tech train will be left behind in the post-pandemic shakeout. A lack of tech knowledge is an excuse for organizations to cut the more expensive, older people and bring in the younger talent. These young tech execs should latch onto a floundering management exec and lead them to the new world order before they become obsolete. In return, young people get access to years of wisdom, and companies can become more cohesive and efficient in the whole reverse mentorship process.”

Robertson offers these tips on how to implement reverse mentoring successfully:

Focus on a business need. What is the mentee learning the technology for? “Reverse mentorships are more successful when they focus on a broader business need,” Robertson says. “For example, a tech-savvy employee could mentor on how to use social media to generate more sales leads. The company doesn’t benefit unless the mentee learns how to develop and use new skills in concert with business strategy.”

Find partners who are a sensible fit. “An ideal mentor has knowledge or skills that you need and is willing to build a relationship with you,” Robertson says. “But can that person teach it in a way that’s fairly easy to understand? Do they listen or talk over you? You need substantive engagement and a lot of question-and-answer time without added tension.”

Be open-minded and respectful. Reverse mentoring empowers young leaders, but at the same time they can learn from and value the older group’s decades of experience. “Without mutual respect and openness it won’t work,” Robertson says. “The mentee has to be willing to go outside their comfort zone. And the mentor should respect that. Both should be tactful and patient.”

Set clear goals and expectations. “Discuss expectations upfront,” Robertson says. “Make sure you’re both committed to the process and goals are aligned. Neither of you should be too busy to meet at least once weekly. Otherwise a real teaching-learning relationship isn’t formed and too much falls through the cracks.”

Track progress. Robertson says organizations should formalize these reverse mentorship relationships and make them quantifiable. “A mentorship relationship falls short if progress isn’t tangibly measured in different stages,” Robertson says. “If progress isn’t where it needs to be, discuss new ways to achieve goals. Both the mentor and the mentee can determine where the gaps are and how to close them.

“Technology has blown the roof off the traditional corporate thinking of top-down learning,” Robertson says. “Reverse mentoring removes barriers in today’s multi-generational workforce, enhances careers, and in some cases of the oldest workers, it can extend them.”

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Rod Robertson (www.briggscapital.com) is an international entrepreneur and author of Winning at Entrepreneurship: Insider’s Tips on Buying, Building, and Selling Your Own Business. Robertson is the owner of Briggs Capital, a boutique international investment bank. He has conducted business in over 15 countries while focusing on developing small-to-medium-sized businesses and taking them to market worldwide. Robertson’s 20-plus-year career in transaction experience and entrepreneurship includes guest lecturing around the globe at institutions such as Harvard Business School and other top-flight MBA schools as well as business forums and news outlets worldwide. He sits on numerous boards, guiding firms to streamline operations and make businesses more profitable before selling.

manufacturing industry

5 Reasons Each Student Should Try to Work in the Manufacturing Industry

In this technologically advanced age, most students want to work in offices where they can sit down more often and operate a computer. Many neglect the manufacturing industry because they believe it is dull and boring. On the contrary, working in the manufacturing industry can be exciting with its perks and privileges. It is interesting to be part of a place that produces materials, food, and equipment used daily by the masses. Below are some of the reasons a student should endeavor to work in the manufacturing industry.

Considerations for working in the manufacturing industry

The manufacturing industry is one of the largest sectors in any society. Depending on the field you are studying, you could develop programs and software, run prototypes, or work in R&D. Again, it keeps you in learning and keeping up with the latest developments in your field. Also, internships in the manufacturing industry will give you much to discuss, especially if you have to write a research paper for me on your activities there.

#1 A safe environment

The manufacturing industry is believed to be full of toxic chemicals that make the environment unfit for human survival. Students get told early enough that manufacturing plants are dirty, unsafe, and dangerous. They also believe that the skills necessary to work in such an industry are unspecialized and that the task is stressful.

But it is not the case, as machine automation and robots have reduced the tedium in manufacturing industries, with improved health and safety regulations making the environment much safer. This new technology makes internships more fun and helps students learn how to work in a conducive environment. Manufacturing industries are more focused on the needs of their employees more now than ever before.

A student doing an internship in the industry might only have to monitor machines from a safe distance or learn how to design operations.

#2 New technology provides an opportunity for growth and development

The manufacturing industry is all about how to improve processes by making them more efficient while saving cost. So, a student gets to learn these qualities and practice them in his/her everyday life. He/she also gets to learn to develop solutions and ideas and apply them to create products that are needed by society.

New technology such as machine automation, robotics materials, 3D printing, Internet of things (IOTs) also changes the processes of making products. So you further learn valuable skills and keep up-to-date on society’s latest developments. It will also bridge the gap between what you learn in school and what is obtainable in the industry. The time spent practicing what you learned in school will grant you an opportunity to decide the best sector to help advance your career.

Also, as manufacturing companies are always looking for persons to fill in higher roles day by day, you find yourself continuously growing and learning in several avenues. You get to learn from experts who have been in the manufacturing industry for years. Moving from one position to a higher one and attaining several leadership positions becomes possible. As a student, you could also get scholarships to further your career from the company.

#3 Diverse entry-level opportunities

The variety of work opportunities in the manufacturing industry means that any student from high school to college can fit into one position or another. Several new roles keep coming up, such as program and software development, and so, the chances that you will find the exact role suited for you is high. Even if you feel you are unsuited for a particular line of work, most companies offer on-the-job training for their recruits and interns.

There are also many departments available to those seeking to work in the manufacturing industry; marketing, sales, product research and development, human resources, and business development. These departments require varied skills and technology to operate. The student could use the time spent in such an industry to determine a career path that fuels his/her passion and purpose.

#4 Keeps you active

Unlike sedentary work in offices that require little or no movement, working in the manufacturing industry involves some form of activity; hence you are rarely in a position for long. It keeps the student worker active and fit, ensuring that work is neither stagnant nor monotonous. Even if you are looking into managerial positions in the future, the manufacturing industry will keep you consistently on your toes.

There is much room for originality in the manufacturing industry. Challenges that build your mental strength and allow you to show off your skills will arise, and you also learn how to solve problems faster and with positive results. Since school encourages long periods of learning and teaches one how to sacrifice time, it is no new idea for a student to work long hours in the manufacturing industry.

#5 You can see the results of your hard work

In school, the hard work involved in writing exams and custom college essays results in grades and certificates. However, in the manufacturing industry, you create tangible products like food, drugs, equipment. These products are items used often by you and other people. Knowing that what is produced will help people may be the motivating factor you need to believe your life has a purpose.

Another result of hard labor is the remunerations and competitive wages paid to you when working in the manufacturing industry. As a student with higher skills, you are employed in higher positions, and you are also challenged to develop your skills. So, you may undergo other training that allows you to be paid higher wages when compared to non-skilled jobs.

Conclusion

The manufacturing industry leads in technology and innovation that improve the standards of living of a society. And so, there is so much potential in a career there. The reasons above show that work in the manufacturing industry can be exciting and not as dreary as most people make it to be. There are great rewards and health benefit plans for all employers which you could partake in. This security and stability could help you get a better footing when you finally decide to follow a career path in the industry.

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Frank Hamilton has been working as an editor at essay review service Best Writers Online. He is a professional writing expert in such topics as blogging, digital marketing and self-education. He also loves traveling and speaks Spanish, French, German and English.

cost-of-living

U.S. Cities With the Highest Cost-of-Living Adjusted Salaries

The COVID-19 pandemic has sparked a surge in geographic mobility. According to Pew Research Center, 22 percent of adults in the U.S. have relocated during the pandemic or know someone who did. Interestingly, this reverses a longstanding trend in which Americans were staying put.

Data from the U.S. Census Bureau shows that prior to COVID-19, Americans were moving a lot less. In 1981, 3.4 percent of Americans moved to a different county within the same state while only 2.8 percent moved to a different state entirely. By 2019, those percentages dropped to 2.1 percent and 1.5 percent, respectively. The share of Americans moving across county lines has remained at a relatively flat, low level since 2010.

As people think about where to move during COVID-19 and beyond, job prospects and earning potential will be top of mind. Median earnings for full-time workers in the U.S. was $50,078 in 2019, a 20.6 percent increase since 2010 in nominal dollars. However, the relative cost of living in a given area impacts purchasing power and should be an important factor when weighing employment opportunities. There is significant regional variation in cost-of-living adjusted earnings across the U.S., with residents in the Northeast and Midwest generally faring better than those in the South or West. For example, median adjusted earnings range from a low of $41,063 in Florida to a high of $58,029 in Massachusetts.

To find which metropolitan areas offer the greatest purchasing power, researchers at Smartest Dollar calculated cost-of-living adjusted earnings using data for full-time workers from the U.S. Census Bureau and U.S. Bureau of Economic Analysis. To improve relevance, metros were grouped into the following categories based on population: small (100,000–349,999), midsize (350,000–999,999), and large (1,000,000 or more).

Similar to the statewide trends, the small and midsize metros offering the highest adjusted earnings are concentrated in the Midwest and Northeast. Unlike the state-level trends, the large metros with the best pay are scattered throughout the country, with similar levels of representation in the Northeast, West, and Midwest.

Here are the large metropolitan areas with the highest cost-of-living adjusted earnings.

Metro Rank      Median earnings for full-time workers (adjusted) Median earnings for full-time workers (unadjusted) Percentage change since 2010 (unadjusted) Cost of living (compared to national average)
San Jose-Sunnyvale-Santa Clara, CA     1        $63,727 $82,463 30.7% +29.4%
Hartford-East Hartford-Middletown, CT     2        $60,357 $61,625 18.1% +2.1%
Washington-Arlington-Alexandria, DC-VA-MD-WV    3        $59,993 $70,672 17.0% +17.8%
Boston-Cambridge-Newton, MA-NH    4        $59,046 $67,430 24.3% +14.2%
Seattle-Tacoma-Bellevue, WA    5        $58,573 $66,129 28.2% +12.9%
Minneapolis-St. Paul-Bloomington, MN-WI    6        $58,512 $60,033 21.3% +2.6%
San Francisco-Oakland-Berkeley, CA    7        $58,331 $76,764 31.5% +31.6%
Baltimore-Columbia-Towson, MD     8        $57,575 $61,432 20.5% +6.7%
Cincinnati, OH-KY-IN    9        $57,222 $51,500 19.8% -10.0%
Raleigh-Cary, NC   10        $56,934 $54,998 19.7% -3.4%
St. Louis, MO-IL   11        $56,624 $51,528 21.8% -9.0%
Denver-Aurora-Lakewood, CO   12         $55,894 $58,633 23.6% +4.9%
Cleveland-Elyria, OH     13        $55,892 $50,359 18.8% -9.9%
Pittsburgh, PA   14        $55,798 $51,948 24.5% -6.9%
Columbus, OH   15        $55,530 $51,032 19.2% -8.1%
United States      –        $50,078 $50,078 20.6% N/A

 

For more information, a detailed methodology, and complete results, you can find the original report on Smartest Dollar’s website: https://smartestdollar.com/research/cities-with-the-highest-cost-of-living-adjusted-salaries-2020

talent

Corporate Culture, Knowledge Management and Talent Management: How Are They Linked?

This article portrays a more detailed picture of the effects of corporate culture on knowledge management and talent management that have been mentioned but not placed in a model in the past.

How Corporate Culture Elevates Knowledge Management?

Culture is the resource that builds upon the foundation that helps organizations prosper. Edgar Schein, one of the prominent management scholars, describes corporate culture as a “pattern of shared basic assumptions that the group learned as it solved its problems of external adaptation and internal integration that has worked well enough to be considered valid and, therefore, to be taught to new members as the correct way to perceive, think, and feel in relation to those problems.

Corporate culture is, therefore, reflected in shared assumptions, symbols, beliefs, values, and norms that specify how employees understand problems and appropriately react to them.

Executives can manifest themselves as change agents who manipulate corporate culture with the aim of improving knowledge management. Organizational culture includes three dimensions of collaboration, trust, and learning. Executives can facilitate collaboration by developing relationships in organizations. Executives can contribute to the cultural aspect of trust, by considering both employee’s individual interests and the company’s essential needs. Also, executives identify the individual needs of their employees and develop a learning culture by intellectually stimulating them to generate new knowledge and share it with others. Executives can, therefore, highly manipulate a firm’s culture to conform to the needs and expectations of strategic goals and objectives.

Knowledge management is enhanced by providing further opportunities and information sharing. Executives can enhance knowledge sharing by providing access to knowledge, and stimulate new ideas and knowledge generation, transfer an individual’s knowledge to other members and departments and improve knowledge capturing, storing, and accumulating, aiming at achieving organizational goals. Executives can propel knowledge sharing in the company to generate more innovative ideas and solutions for new and demanding issues that come up constantly in our hypercompetitive economic environment. By doing this, executives can build a strong corporate culture to share experiences gained by imitating, observing, and practicing.

Executives have found that corporate culture impacts knowledge management through facilitating knowledge sharing throughout all levels of the organization. Corporate culture focuses on defining and recognizing core knowledge areas, sharing organizational knowledge, and scanning for new knowledge to keep the quality of their product or services continuously improving. Therefore, corporate culture is an essential requirement of corporate learning by which knowledge is shared among people.

Particularly, the three cultural aspects of collaboration, trust, and learning play a critical role in enhancing the effectiveness of corporate learning. For example, collaboration provides a shared understanding of the current issues and problems among employees, which helps to generate new ideas within organizations. Trust towards their leader’s decisions is a necessary precursor to creating new knowledge. The key is for executives to inculcate a culture of trust and transparency of knowledge sharing within organizations so that information can be found and used instantaneously.

Moreover, the amount of time spent learning is positively related to the amount of knowledge gained, shared, and implemented. Therefore, executives can reshape, and in some cases, manipulate corporate culture to facilitate corporate learning within departmental and business units of organizations. Executives can now see how corporate culture constitutes the foundation of a supportive workplace to share and synthesize organizational knowledge and subsequently limit the gaps between success and possible failure.

How Knowledge Management Elevates Talent Management

Executives have found that knowledge management is modifying behaviors resulting in newer insight and knowledge. Changing the existing behaviors of followers generating new knowledge is a key factor in improving a firm’s competitive advantage. This is a fact but it happens through the way talented employees are managed by executives. Why is this, you may ask? Because knowledge management is a process that leads to acquiring new insights and knowledge, and potentially to correct sub-optimal or ineffective actions and behaviors that cause companies to spiral out of control.

Executives need to first support this approach for knowledge management. Talent management in organizations is the ultimate outcome of the knowledge management by which it is created and acquired by connecting with others that want to share successes and failures. This leads to converting acquired knowledge into organizational processes and activities to improve or discontinue processes that either contribute or inhibit success. Many executives see talent management as an outcome of various factors such as knowledge management and a climate inspiring innovation and creativity within organizations. However, a more comprehensive approach needs to be introduced to put together the various aspects of potential contributions to talent management.

Knowledge management requires various processes such as knowledge acquisition, collaboration, dissemination, sharing, generation, and storage to acquire knowledge within an organization. A question remains: how can we establish the relationship between knowledge management and talent management?

Well, there are scholars that highlight the strategic role of knowledge management in enhancing the effectiveness of talent management. For example, one scholar by the name of Bayyavarapu at the University of Western Ontario suggests a learning-based approach to talent management to understand how knowledge management is related to various practices of talent management. More importantly, the effective implementation of talent management requires the sharing of best practices and experiences among employees. Knowledge management improves organizational processes by sharing knowledge that can increase both follower engagement and personal development.

Executives can, in fact, enhance knowledge management when they would like to concentrate on sharing it to empower followers in order to build a learning climate. Most importantly, knowledge is managed through “learning by doing” which is more engaging. Executives around the globe realize that they play a critical role to achieve the best learning climate and for improving knowledge management that creates learning and growing the organization. Engaging followers and getting them to participate in knowledge management activities is an important part of talent management. Thus, knowledge management positively impacts the effectiveness of talent management through facilitating knowledge sharing by all executives and employees of the organization. Shared knowledge can contribute to the development of a learning organization in which people continuously grow and develop both personally and professionally. Executives require people who are engaged and inspired to meet the demands of day-to-day operations.

For now, executives can develop conducive learning climates that foster collaboration and knowledge management in which knowledge is shared and exploited. Unshared knowledge is like lettuce in the refrigerator—if eaten and shared, everyone enjoys it, if not, it could go bad and not have any use. Executives found that shared knowledge enables companies to improve knowledge management, and that talent management is highly dependent on stimulating continuous learning within organizations. Executives play a crucial role in elevating talent management by enhancing knowledge management to empower employees to pursue organizational goals.

The following figure provides a snapshot of how executives steering corporate culture enhance knowledge management and talent management.

In Conclusion

Insufficient consideration of the impact of knowledge management on the organization’s talent management has been also exposed. Thus, I suggest that scholars take our ideas and continue to conduct research using executives as the focal point so that academic scholarship can meet the needs of managerial implications at the higher echelons of organizations worldwide.

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Mostafa Sayyadi works with senior business leaders to effectively develop innovation in companies and helps companies—from start-ups to the Fortune 100—succeed by improving the effectiveness of their leaders. He is a business book author and a long-time contributor to business publications and his work has been featured in top-flight business publications.

learning

How Lifelong Learning Is Becoming A New Version Of The MBA

When higher education looks back on 2020 in decades to come, the year of the pandemic could be viewed as a turning point for MBAs and other advanced degrees.

COVID-19 forced a nationwide experiment in online learning, and one lesson stemming from that experiment maybe that furthering your education doesn’t necessarily need to mean paying high tuition to earn a formal post-graduate degree.

“We all need to be lifelong learners if we hope to achieve our goals and lead a fulfilling life,” says Kimberly Roush, founder of All-Star Executive Coaching (www.allstarexecutivecoaching.com) and co-author of Who Are You… When You Are Big?

“But that can mean many things, and because of the pandemic I think it’s become even more clear that the ways we approach educating ourselves don’t need to be stuck in the notions from the past of how learning takes place.”

Harvard’s and Columbia’s business schools are already adding certificates and lifelong learning to their programs. Instead of immersing themselves in a degree program for a compact period of time, students have the option to stretch their learning out over years, latching on to what meets their current needs.

That kind of approach fits well with the goals and lifestyles of many business leaders, says Roush. She offers a three-month group-coaching program for executives in transition called “Back In the Game,” which provides business leaders with a chance to continue learning and honing skills to help reignite careers thrown off track by the pandemic.

Roush has advice for those who want to keep adding to their knowledge base throughout their careers, whether that’s done through a certificate program, a one-time online class, coaching sessions, or a more formal degree:

Think deeply about yourself and your goals. Allow yourself the time and space to reflect and get off autopilot so you can be deliberate and intentional as you move forward, Roush says. “We tend to be all about drive and action,” she says. “Reflecting on ourselves is something that often gets overlooked. In some cases, people don’t have the tools to do it effectively.”

Strive to be a learner, not a knower. Some people are “knowers” and others are “learners,“ Roush says. “Knowers feel compelled to know the answer, a sign of an insecure ego,” she says. “In today’s world, of course, it’s impossible for any one person, or any one leader, to know it all. Knowers operate more out of control than out of curiosity. They do not really lead so much as they manage.” Lifelong learners, on the other hand, have a predisposition to be curious. “They have a healthy ego,” she says, “so they have no problem saying, ‘I don’t know the answer, but let’s figure it out.’ ”

Recognize that your joy for learning can impact others. When business leaders are learners, this creates more of a partnership approach with employees, who feel empowered as a result. “The focus is on working together,” Roush says. “It all stems from that natural curiosity. By asking ‘what’ and ‘how,’ leaders encourage more conversation—and more learning by everyone.”

Understand that self-improvement doesn’t always involve major change. Roush has worked with many executives who made adjustments in their careers, but those adjustments need not be dramatic.  “Often, people have been deliberate about their career choice and love their field; they just have gotten caught up in a part of it that they don’t like,” she says. “Sometimes, it’s just a matter of getting back to their roots and remembering what they love about their job and allowing themselves to focus far more on that. You don’t necessarily have to make the big right turn and completely change what you’re doing. You’re not necessarily on the wrong path; you may just have hit a rough stretch or don’t know exactly where you are.”

“Great coaches are always still learning too,” Roush says. “I’m constantly looking for new opportunities to learn and grow and I get to learn from every person I coach – we learn together.  One thing I always want to do is spread the word about the power that resides within each of us if we reach for our potential.”

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Kimberly Roush is the founder of All-Star Executive Coaching (www.allstarexecutivecoaching.com), which specializes in coaching C-level and VP-level executives from Fortune 100 companies to solo entrepreneurs. She also is co-author of Who Are You… When You Are Big? Roush, a former national partner with a “Big 4” public accounting firm, brings more than 30 years of business experience to her coaching including extensive work with C-suite executives, boards of directors, and audit committees. She offers a program called Back In the Game (BIG), which is a three-month group coaching program for executives in transition. Roush also is a keynote speaker and leadership facilitator, and is a Charter Member of ForbesSpeakers.

knowledge

10 Ways to Make Knowledge Transfer Between Employees Effective

Your business’s success lies in your ability to get the right information to the right people at the right time. Miscommunications can be greatly detrimental to your organization. Knowledge management systems are designed to streamline your information sharing experiences for your business. 

As your organization grows and evolves, it becomes necessary to duplicate the knowledge of the existing staff. Such preemptive measures cushion you and your business when a founder or employee leaves, with their absence risking the sustainability of the organization. Knowledge sharing platforms facilitate continuous communication among the different divisions in your business for smooth operations, even during large transitions. 

This exchange of knowledge, using either audio, video, or text, inspires collaboration, which, in turn, increases productivity. An efficient knowledge transfer system allows you to capture and save vital information for use by future generations. Information sharing systems leads to better decision-making, innovation, and performance in an organization. The process’s essence is to create new knowledge that can help better the organization moving forward. 

Here are 10 methods you can use to transfer key information between the employees of your company effectively

Using Technology

Embrace knowledge sharing technology to capture and save vital company or business information. Technology automates the captured information in a variety of formats for safekeeping’s sake. Knowledge sharing tools are capable of removing any duplicate information collected from many employees. Additionally, it’s advisable to encourage your employees to start a social media group where they get to collaborate and exchange information. 

Training your employees

Training is paramount for duplicating the existing employee’s knowledge. It helps keep the knowledge alive if an employee were to depart and the company doesn’t have a ready replacement. Organizations need to operate with a back-up plan in the event that the most experienced IT guy or any other core employees choose to leave. 

Your organizations can’t afford to get caught flat-footed, and that’s why you always need to keep training programs running non-stop. If you don’t have sufficient resources to pay for your employees’ formal training, you can try the less expensive e-learning experiences. 

Promoting networking

Nurture a culture where your employees regularly meet up to exchange information in your organization. Plan for events that bring about teams from different divisions of your company for improved information collection.

These informal gatherings are a great way for your employees to pass on key information to the younger staff. For instance, having a water-cooler at the office or an employee lounge can encourage your staff to congregate and, in the process, exchange information. 

Using formal documentation

Transferring key information in your organization is an intricate step-by-step process. One slight misstep and you risk undoing all the past gains. There are several tools such as Word Docs, Excel Spreadsheets, and PowerPoint presentations, that you can use to store knowledge. 

That said, you can capture valuable knowledge, without shelling out the big bucks, in a simple and pain-free process by making use of free downloadable PowerPoint templates. A huge perk of most free slides is that they’re easy to use, even for employees who have no experience in making presentations. These are highly customizable, so you can tailor them according to your knowledge-transfer needs.

Armed with the right documentation tools, your employees have a simpler time outlining the procedures in a process. These tools also make it easier for the teams to track their goals. Documenting the process uplifts the morale of the team members. 

Encourage your employees to take and share notes during office gatherings and watch how the overall productivity peaks from then on. 

Leveraging other employees’ knowledge

Hiring consultants to develop an effective knowledge transfer system in your organization is another great idea. Bear in mind, however, that the consultant may eventually leave. Therefore, it’s prudent to get this consultant to share their knowledge with specific employees. The employees will, in turn, carry on overseeing the knowledge transfer practices instituted by the hired consultant. 

Collecting data

Accurate employee data and information is critical when creating efficient knowledge-sharing systems. Use spreadsheets to collect vital info such as the employees’ names and their importance to the organization, the impact of the information known by these employees, and the resources needed to impart that knowledge to other employees. 

Make use of mentors

Mentors, whether short or long-term, play a critical role in disseminating key information in your organization. Mentorship is a great avenue for organizations to transfer implied and underlying information from one generation to the next. 

Enabling employees to gain experience

Getting hands-on experience from a more experienced team member is a simple way to learn about an organization’s history and culture. Guided experiences are perfect for transferring those skills that require a more practical approach, such as auto mechanics. 

Promoting the use of virtual simulations 

Organizations have upped the game, and they’re now using augmented reality and 3D animations to train their employees. This modern technology confers plenty of rewards to the employees and the owners as well. Augmented reality and other impressive technology tools promote the transfer of knowledge within an organization. 

Keeping track of results

Use knowledge management tools to assess the signs of progress, if any, of your knowledge transfer plans. Tools such as Pipedrive and Hubspot allow you to track your performance progress by setting up benchmarks. As you grow and evolve, make sure you regularly assess your organization’s knowledge transfer practices and their effectiveness.  

Benefits of Knowledge Transfer 

Knowledge transfer systems facilitate the capturing and eventual dissemination of key knowledge across your business. Employees obtain better access to the saved information as the system streamlines communication in an organization. These practices boost confidence and productivity in employees. Knowledge transfer systems enable faster decision-making. 

In Conclusion

Investing in a knowledge transfer system is a must for businesses. This system helps automate and streamline capturing, saving, and analyzing information surrounding your organization’s culture and systems.

Effective knowledge transfer builds stronger, happier, and healthier organizations. Creating a robust knowledge-sharing culture involves several key steps, such as identifying and collecting information, capturing and saving knowledge, transferring and sharing the information, and applying that knowledge. 

Organizations are also required to regularly assess the applied knowledge-sharing measures to weed out any redundancies.

If you realize a particular approach isn’t delivering the expected results–for example, your social media strategy–immediately revise your plans.

Avoid waiting to the last minute to replace your experienced workers if they’re about to retire or complete their tenures. Be smart and develop a knowledge-sharing culture of duplicating skills within your organization today. 

consultants

How Management Consultants Can Fix Knowledge Management

There is a scientific, philosophical, and organizational side to knowledge that executives should at least be aware of in today’s hypercompetitive business environment. Scientific knowledge is objective and manifests itself as provable and verifiable knowledge or truth, while philosophical knowledge clarifies that truth is inaccessible. The key for executives is that organizational knowledge, unlike scientific and philosophical knowledge, focuses on enhancing effective performance. Answering the questions executives often ask: “What works?”

Based on this view, this kind of knowledge empowers the capabilities of an organization, and actively improves its competitive advantage in the marketplace. Executives are already aware that organizational knowledge takes an objective approach and can positively contribute to a firm’s performance. This is why executives care whether knowledge is organizational or not? The simple answer is that if organizational knowledge is not shared and managed, companies may become obsolete, taken over, or acquired. The key is how to use this knowledge, enhance it, distribute it, and capture it.

Every executive is held to the grindstone of maximizing financial and non-financial measures—their careers are tied to company performance measures. Every executive also knows that company performance measures can illustrate whether knowledge management is contributing to bottom-line improvement. This article articulates a different approach and introduces a new perspective of knowledge management by showing how knowledge management consultants can help companies to better manage knowledge, meaning that organizational knowledge is power and can be used as an asset when competing with rivals. This is my experience of working with a team of top-level management consultants around the globe.

Consultants can look at three-step processes of knowledge accumulation, integration, and reconfiguration. This model to managing knowledge reflects a more strategic and practical perspective, as it is process-oriented and most applicable in the context of leading organizations. Consultants know that applying this model is advantageous and good sound strategic implementation. In this model, organizational knowledge is accumulated by creating new knowledge from organizational intellectual capital and acquiring knowledge from external environments. In the process of knowledge accumulation, the exchange of knowledge with external business partners can develop innovative environments.

Consultants can play a strategic role in expanding knowledge accumulation by applying incentives as mechanisms to develop a more innovative climate and managing effective tools to acquire knowledge from external sources. They can particularly develop a workplace which is highly effective in:

-Acquiring knowledge about new products/services within our industry.

-Benchmarking performance with competitors or industry.

-Using feedback to improve subsequent practices.

-Utilizing teams (e.g. committees or management teams) to manage knowledge resources.

-Developing and implementing education or training programs.

-Carrying out a career path program or recruitment program to acquire experts.

-Conducting organizational events (such as a “knowledge contest” or “knowledge fair”) that promote knowledge activities.

Secondly, consultants can improve knowledge integration by facilitating knowledge sharing around the organization. In fact, they can positively impact knowledge integration by creating expert groups and enhancing dynamic relationships among employees and departments and within companies. A systematic process of coordinating company-wide experts will enable companies by developing a more innovative climate within organizations. Further, it can be seen that some qualities indicating a high-performing expert group (such as trust and reciprocity) are highly overlapped with the definition of organizational effectiveness describing organizational capabilities in creating trust and reciprocity. Based on this view, it could be argued that effective coordination of company-wide experts itself can provide a significant contribution to organizational effectiveness, thereby developing a climate that all leaders aim to create. In particular, consultants can develop a workplace which is highly effective in:

-Monitoring or controlling organizational knowledge to keep products or services in line with market requirements.

-Regularly assessing knowledge requirements according to environmental changes.

-Linking the knowledge sharing system using various software and programs.

-Defining “core knowledge” or “core competence” areas.

-Using expert groups to evaluate the quality and effectiveness of organizational knowledge.

-Disseminating organizational knowledge among employees.

-Rewarding individuals or teams based on the quality of knowledge generated.

Thirdly, the knowledge within organizations needs to be reconfigured to meet environmental changes and new challenges. In this process, knowledge is globally shared with other organizations in the environment. Consultants can promote knowledge reconfiguration by improving networking with external sources and developing relationships. Further, they can also inspire organizational members to network with more successful companies. It is evident that networking with external business partners improves effectiveness, thereby providing directions for chief executive officers to develop a more effective corporate vision incorporating various concerns and values of external business partners.

Moreover, it is believed that networking with other companies contributes to the effectiveness of learning, which in turn empowers human resources by creating new knowledge and solutions. Accordingly, the process of knowledge reconfiguration can play a crucial role in enhancing organizational effectiveness. Especially at the corporate level, consultants can develop a workplace which is highly effective in:

-Creating knowledge alliances with suppliers, customers, or other partners.

-Sharing knowledge management visions and goals with external partners (such as suppliers and customers or other partners) to develop collaborative activities, shared goals, and trust-based relationships with them.

-Extending (or linking) knowledge-related policies or rules (measurement, rewards) with external partners (such as customers, suppliers, or other partners).

-Linking our knowledge-sharing system with external partners (such as customers, suppliers, or other partners).

-Facilitating and implementing activities such as conferences, contests, seminars with external partners.

In conclusion, organizational knowledge must be guarded and not shared with the competition. Any leak of such information may expose the organization and increase the operational risk. The three processes of knowledge management mentioned above, when carried out correctly, can prevent further operational risk in today’s knowledge-based economy.

One important dimension that all leaders world-wide can learn from this article is that knowledge management consultants can help clients’ companies to address the current gaps in knowledge management performance and improve their competitiveness in today’s uncertain business environment.

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Mostafa Sayyadi works with senior business leaders to effectively develop innovation in companies and helps companies—from start-ups to the Fortune 100—succeed by improving the effectiveness of their leaders. He is a business book author and a long-time contributor to business publications and his work has been featured in top-flight business publications.

information technology

In The Digital Age, Leadership Is More Important Than Ever

There are some executives that like to look at academic journals but unfortunately, the crossover literature has not reached them enough. I attempt to blend scholarly concepts with real-world applications. For the executive’s corner, I place a great deal of emphasis on the literature of leadership and information technology as two significant indicators for financial performance. This article adds to a relatively small body of literature but pays homage to the scholarly contributions. I highlight the direct impact of leadership on financial performance, and also simultaneously portray the indirect contribution of leadership in improving organizational outcomes by implementing information technology as another important component of organizational performance. This article actually investigates the crossover potential of scholarly research and how it can be applied in the organizational boardroom.

Executives will also see that cultivating effective technological initiatives requires developing leadership within companies—not only at the higher echelons of the company but at every level. In light of the increased pressures of the global workplace that inspires executives to exert effective change at the organizational level, this article points out the vital importance of leadership in reshaping and, in some cases, manipulating a company’s internal resources to have access to higher performing technology within companies.

The focus of this article is based upon the critical role of leadership which allows a rich basis for understanding the mechanisms by which knowledge integration and financial performance are influenced. Scholars repeatedly uncovered leadership impacts on knowledge integration and financial performance. This article articulates a different approach. I simply extended the current literature by showing how executives can contribute to knowledge integration and financial performance by fostering effective technological platforms. These two factors coupled with leadership are presented as a new approach for executive implementation.

I also suggest that executives embrace leadership. Leadership influences some of the spans of control of executive responsibility. My primary focus is on one factor (i.e. information technology) but there are many more important components of the managerial function that can be enhanced when leadership is embraced. The key here is that there are positive effects of information technology, knowledge integration, and financial performance.

Executives will also see that I expand upon the subject matter of a company’s internal resources. Through articulating the impacts of leadership on information technology, I add to the current and extant literature. Insufficient consideration of the impact of leadership on the companies’ internal resources has been exposed and I attempt to address this concern for the first time. For executives, this article can portray a more detailed picture of the effects of leadership on information technology, knowledge integration, and financial performance that have been mentioned but not placed in a model in the past.

Leadership and Information Technology

The only thing we know is technological change is on the rise. With the inception of new technology and services quickly becoming obsolete, executives are staid with managing the future that is somewhat evasive.

Executives can develop relationships and interactions within companies, set desired expectations, and inspire employees to identify further opportunities in their business environment. When executives view information technology as a vital important organizational resource that facilitates organizational communications and improves the search for knowledge, they begin to see opportunities for successful business ventures.

Executives also spend a great deal of time conceptualizing strategic endeavors, and scholars affirm that the strategic role of leadership is enhanced when the implementation of information technology successfully occurs at the right time and place. Thus, executives raise the levels of awareness on the importance of technology and empower employees to improve the effectiveness of information technology implementation within companies. Therefore, executives can positively affect information technology implementation within companies. Executives must understand that leadership can highly support information technology to improve knowledge integration and financial performance and, therefore, remain competitive.

Leadership and Financial Performance

Executives develop organizational communications aimed at providing valuable resources for all employees. Thus, executives can enhance knowledge sharing among employees and stipulate knowledge to be shared around the company. Sharing the best practices and experiences could positively impact aspects of organizational performance such as innovation and providing learning and growth opportunities for employees. Empowered employees can also enable a company to actively respond to environmental changes and collective-interests. The key idea is to identify employee’s needs and show concern for both organizational needs and employee’s interests concurrently.

When executives show concern for the employee’s individual needs, individuals begin to contribute more commitment and they become more inspired to put extra effort into their work. This extra effort improves the quality of services, customer satisfaction, and impacts the return on assets, sales, shareholder value, and improves operational risk management.

Executives can also inspire employees by setting highly desired expectations. A higher level of follower expectation can enhance productivity and perhaps decrease organizational costs. Scholars agree that executives positively affect financial performance through improving the price of stock, decreasing costs, increasing sales, improving innovation, increasing the rate of responses to environmental changes, improving the quality of services, along with a stronger customer focus and developing learning opportunities for employees. Thus, leadership is positively associated with companies’ financial performance.

Information Technology and Financial Performance

Information technology significantly contributes to company financial performance. Scholars acknowledge that information technology is an important enabler to effectively implement organizational processes. Communication technologies can, in fact, reduce paper-based transactions for companies that can potentially decrease costs and subsequently improve profitability for companies. Furthermore, it can be seen that communication technologies contribute to companies to effectively identify opportunities in the business environment that leads to identifying the best opportunities for investment in the industry that potentially leads to improve financial performance for companies in terms of return on investment (ROI).

Decision-aid technologies as another kind of information technology can also help companies to effectively create more innovative solutions for their organizational problems. Executives can, therefore, build a high-performance company through implementing information technology.

Information Technology and Knowledge Integration

Information Technology is the new competitive advantage and the companies that embrace it will survive while those that do not will find their companies facing possible acquisition. Information technology is a resource for knowledge integration. With knowledge integration, executives can sustain current operations while preparing future endeavors. Information technology, as a competitive resource, encourages employees to embark on technological facilities such as shared electronic workspaces to provide new ideas and possible solutions for solving problems. Problems that may leave a company to debunk and less competitive.

Scholars found that the lack of innovative workplaces adversely impacts the company’s capability to integrate knowledge, and they suggest that companies use information technology to successfully facilitate knowledge integration. Information technology, therefore, plays a critical role in integrating knowledge by executives and is also aligned with the knowledge-based view of the firm which not only builds upon the dissemination of information but also how it is restored and retrieved.

Some Lessons for Executives

This article theorizes that leadership has significant effects on information technology. It follows that cultivating effective impacts on information technology is assisted by developing leadership within companies. The practical contribution of this article lies in explaining how executives influence information technology.

This article suggests that information technology constitutes the foundation of a supportive framework to improve knowledge integration and financial performance. In fact, it can be argued that if information technology is not completely supportive of knowledge integration, companies cannot expect to benefit fully from knowledge management projects.

Both in theory and in practice, information technology is depicted as an important enabler for knowledge integration and financial performance. Scholars noted that a strong alignment exists between the success of knowledge management projects and information technology implementation and found that knowledge management projects are more likely to succeed when companies develop and use broader technological infrastructures. This article goes further and provides elaborative insights for executives by modeling how information technology mediates the relationship between leadership, knowledge integration, and financial performance.

This article reveals that executives actively deploy this organizational resource (i.e. information technology) to improve knowledge integration, and it is quite understandable that leaders are better suited to enable knowledge management projects within companies through channeling knowledge management efforts into employing supportive information technology. Therefore, this article suggests that it is critical that executives understand that leadership supports information technology implementation to effectively manage knowledge management projects.

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Mostafa Sayyadi works with senior business leaders to effectively develop innovation in companies and helps companies—from start-ups to the Fortune 100—succeed by improving the effectiveness of their leaders. He is a business book author and a long-time contributor to business publications and his work has been featured in top-flight business publications.

stress

5 Ways Leaders Can Eliminate Stress and Reboot for Change In 2021

As a challenging year winds down, companies are sifting through what worked and what didn’t as they prepare to reboot for 2021 after dealing with the many difficulties brought on by the pandemic.

And if a business is planning significant changes in its operations in the New Year, the leadership team’s empathy for the workforce is vital in the process, says Joel Patterson (www.JoelPatterson.com), a workplace culture expert, founder of The Vested Group and ForbesBooks author of The Big Commitment: Solving The Mysteries Of Your ERP Implementation.

“Leaders need to be empathetic to help their employees manage stress and stay productive, especially in these unprecedented times,” Patterson says. “The holidays always add stress, but company transitions heading into the New Year, magnified by the uncertainty we all face due to COVID-19, can send that stress off the charts.

“For example, when a company installs new software or makes other major changes in operations and processes, the end-users and middle managers can really feel it as the company tries to ensure those transitions are smooth. Having the human touch from company leadership is critical, as is providing proper training and giving confidence to middle management as their teams implement those systems.”

Patterson offers tips on how leaders can lower stress and keep morale high while implementing changes:

Start with acknowledging the emotional side of change. “There are unexpected twists and turns to any big change in company operations,” Patterson says. “Employees have to adjust to new processes – sometimes after having done things the same way for many years. This learning curve can understandably cause panic. Employees can be resistant to learning how to make it work to their advantage. Leaders need to expect these reactions and develop a plan based on empathy in order to deal with it.”

Know how to listen. “True listening means listening with open ears, open eyes and an open heart,” Patterson says. “It means paying attention to body language, to the tone of voice, to the hidden emotions behind what’s being said. You’ll always gain more from listening than from speaking.”

Know what empathy is. “For a leader, empathy is more than listening and nodding your understanding; it’s understanding that your employees have their own working and communicating styles and a life separate from work,” Patterson says. “In stressful, uncomfortable times like these when change is thrust upon them, you can stay connected with them by making them feel more comfortable. Leaders can begin to do that when they put themselves in their employees’ shoes to better understand things from their perspective.”

Build a culture of psychological safety. Allowing people to feel free to air their concerns and speak their truths during change and upheaval can do wonders for the work culture in the long run. “The foundation becomes stronger because of the trust factor,” Patterson says. “Leaders understand the challenges that exist through the organization, which helps them be more effective in leading their teams through change.”

Emphasize “change energy” over “change fatigue.” “The best organizations understand that there is no endpoint to change,” Patterson says. “Change is for the greater good of continual evolution collectively and individually. Therefore, there are no excuses like being fatigued by change. Instead, leaders need to sell change as a necessary energizer that benefits everyone. Show the workforce how the new systems can work in their favor, not against them.”

“Empathy gives you insight into what others are feeling and thinking,” Patterson says. “At its foundation, empathy informs your decision-making by sharpening your perceptions and intuition.”

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Joel Patterson (www.JoelPatterson.com) is the founder of The Vested Group, a business technology consulting firm in the Dallas, Texas, area, and ForbesBooks author of The Big Commitment: Solving The Mysteries Of Your ERP Implementation. He has worked in the consulting field for over 20 years. Patterson began his consulting career at Arthur Andersen and Capgemini before helping found Lucidity Consulting Group in 2001. For 15 years he specialized in implementing Tier One ERP, software systems designed to service the needs of large, complex corporations. In 2011, Patterson founded The Vested Group, which focuses on bringing comprehensive cloud-based business management solutions to start-ups and well-established businesses alike. He holds a bachelor’s degree in Business Administration from Baylor University.