The Benefits of Knowledge Sharing Through Your Corporate Alumni NetworkSeptember 29, 2018
As you’ve read in previous articles, mentoring is a great knowledge sharing source for your employees, but so is your corporate alumni network. There are many benefits to keeping an actively connected alumni network, such as gaining access to more skilled workers and raising brand awareness. However, closing any knowledge gaps is crucial for the success of your employees who are filling the shoes of those who have left.
Knowledge Sharing During Offboarding
When an employee is in the process of resigning, the offboarding procedures begin. This is the opportune time to learn about any projects the exiting employee has most previously worked on, as well as any important contacts. It also helps you get down to the nitty gritty and find out details like critical job functions not in the job description and any passwords and login ID’s the next person in this role may need.
Knowledge sharing should continue after the offboarding process if you want your alumni network to benefit your current employees as well. Although offboarding is the time to set up this newly opened role for another contender, keeping a positive relationship with your exiting employee should be a priority.
Not only does knowledge sharing during offboarding benefit the new employee, but it also benefits the organization. These benefits include:
- Decrease onboarding time: Because the new employee has insight from the alumni, they’re able to learn about their role more quickly.
- Increase level of productivity: When onboarding takes less time, a new employee becomes productive much sooner.
- Higher employee engagement: When employees can understand their role and be productive for the organization, they tend to be more engaged. According to Gallup, organizations with engaged employees are 21% more productive than those without. This increased engagement leads to a higher level of job satisfaction.
- Increase retention rates: Employees who are engaged and satisfied in their role are more likely to stay with the organization for a longer period.