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Analysis

Corporate Amnesia

Analysis

BBC

News, Politics

4.61K Ratings

🗓️ 21 March 2016

⏱️ 28 minutes

🧾️ Download transcript

Summary

Phil Tinline finds out what happens when institutions lose their memory and how they can best capture and share the lessons of the past.

Transcript

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0:00.0

Thanks for downloading analysis from the BBC.

0:03.0

This week, Phil Tin Line finds out what happens when organisations lose their memory.

0:12.0

Over here, I've got a spread shoes with all the names of our staff, which section they work in,

0:19.4

when they started, and also a column here with their age.

0:24.0

Christopher Neepa runs a clothing company in Derbyshire and he has a problem.

0:29.0

If we order the chart like this, now you can see that we have just over a fifth of our staff are over

0:36.8

the age of 60. Now that means they're likely to retire in the next few years. That's something we cannot ignore. They will retire at some

0:46.0

point and we must find a way of handing those skills from them to the next generation

0:52.0

before they're gone.

0:53.8

This is a problem facing organizations up and down the country,

0:57.4

large and small.

0:59.0

The job for life is gone, and with it

1:01.5

so are the uncosted benefits of knowledge and experience.

1:05.0

Britain's today stay in the same job for less time than workers in much of Europe

1:09.5

and as the economy improves that churn rate increases.

1:13.0

Young workers move jobs much more frequently than equivalent older workers

1:17.5

ever did. Short-term contracts and outsourcing reduce the appetite for learning company or product history and when job losses

1:25.3

land even more knowledge is lost.

1:28.1

There's so many styles here and different ways of making things.

1:32.0

In my brain there's an awful lot of information. It's on

1:34.9

paper, it's on the computer, and it's in our heads. And yet each time someone

1:41.4

leaves their employer or even a department they take with them a chunk of the institutional memory.

...

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