Employee turnover is a growing concern, especially in manufacturing. When experienced workers leave, they take valuable “tribal knowledge” with them. This undocumented expertise can significantly impact your operations.
In our recent article on Linked In, “The Manufacturing Crisis: Losing tribal knowledge, and its detrimental impact on your operation”, we’ve covered what the loss of tribal knowledge can lead to.
10 Consequences of Losing Tribal Knowledge:
- Loss of institutional memory
- Reduced productivity
- Increased learning curve for new hires
- Risk of repeating mistakes
- Impact on innovation
- Dependency on key individuals
- Strained customer relationships
- Difficulty in succession planning
- Cultural impact
- Increased training costs
To take a deeper dive about the impact of losing tribal knowledge and how to prevent it – read the full article here.
Don’t let valuable knowledge walk out the door. Preserve your company’s expertise with Snap SOP.