Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

UK Nuclear industry: HR challenges for knowledge transfer and retention - Essay Example

Comments (0) Cite this document
4.1 Introduction The UKs nuclear human resources have gotten more media attention over the past 20 years as the nuclear industry grows. Since the future of this industry strongly relies on knowledge of the nuclear industry, a main concern has been expressed about shortages of people with the right skills and experience, along with the ageing profile of the current workforce with a high level of scheduled retirements in the next 15 years…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.1% of users find it useful
UK Nuclear industry: HR challenges for knowledge transfer and retention
Read TextPreview

Extract of sample "UK Nuclear industry: HR challenges for knowledge transfer and retention"

Download file to see previous pages Ignoring this issue will pose a threat to safe, reliable and economically efficient operation of nuclear plants as well as will make it impossible to maintain competitive advantage. This chapter will look into the importance of knowledge management and knowledge transfer in particular, define knowledge and knowledge management, and discuss existing knowledge management strategies for knowledge transfer and retention. 4.2. Knowledge Management and Knowledge Retention “A little knowledge that acts is worth infinitely more than much knowledge that is idle”. Kahlil Gibran (1883-1931) Modern companies are facing countless challenges in rapidly changing, unpredictable and unstable world. Nowadays many of them believe that organisational knowledge is a key resource in value creation and knowledge management (KM). Many companies consider that knowledge management can successfully address those increasing challenges (DeLong, 2004; Drucker, 2003; Quinn, 1992; Reich, 1992; Teece, 1998; Tsai and Ghoshal, 1999). In other words, organisations believe that knowledge leveraged effectively can help increase productivity and efficiency, stay competitive, survive market and economic pressures, satisfy growing customer’s needs, improve decision making and problem solving processes as well as promote innovations (Gupta at el, 2000; Hahn and Subramani, 2000). Civi (2000) explains knowledge is a company’s most important asset. Civi (2000) also asserts that knowledge can be worth up to 75% of the company’s value. Although this statement is just an estimate, because knowledge cannot be measured as worth, it shows that knowledge is an important element of a company. That is why knowledge is important to manage effectively. Moreover, many new organisational theories state that organisational knowledge and how it is applied, is the only competitive advantage that company has in the era of the knowledge economy (Gupta at el, 2000; Binney, 2001; Davenport and Prusak, 1997 and Civi, 2000). In order to understand why timely KM is so important to organisations, the loss of long time employees without new employees as replacements needs to be examined. Even though sometimes the impact of lost knowledge can be delayed, it still will have a tremendous effect and cause a high financial loss as soon as the need for that knowledge arises (DeLong, 2004). One example is during the 1990s Boeing workforce was reduced by 50,000 people. Shortly after the reduction, the company started to experience more problems with airplanes than usual. An investigation performed by the FAA revealed that most errors were in the area of production and engineering. Boeing made a mistake when it reduced strategically important employees. As a result it had to reemploy 9,000 people in an effort to solve the problems with production and engineering (Leibig, 2001). Another example is from the finance sector. One of the Swiss banks encountered major problems after one of its IT systems experts left the company. In order to solve the problems with their IT system, the bank had to pay $250,000 to this expert to fix the problem since no one else inside the company could find a solution (Probst and Knaese, 1998). These examples ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“UK Nuclear industry: HR challenges for knowledge transfer and Essay”, n.d.)
UK Nuclear industry: HR challenges for knowledge transfer and Essay. Retrieved from
(UK Nuclear Industry: HR Challenges for Knowledge Transfer and Essay)
UK Nuclear Industry: HR Challenges for Knowledge Transfer and Essay.
“UK Nuclear Industry: HR Challenges for Knowledge Transfer and Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF UK Nuclear industry: HR challenges for knowledge transfer and retention

Role of HR in Knowledge Management

...importance of knowledge, and knowledge management(KM), to organizations challenges “the nature, role and boundaries of HRM in significant ways, not always as yet recognised by HRM theorists, researchers and practitioners”. In total, any of the above mentioned benefits are difficult to achieve if there is no constant focus on the creation, updating, availability of quality and use of knowledge by all employees and teams, at work as well as in the marketplace. Knowledge Management is definitely a people related discipline. The extent to which knowledge transfer will take an organization ahead in the competitive world lies...
3 Pages(750 words)Research Paper

Challenges of Knowledge Transfer in Organisations

...?Running Head: Challenges of Knowledge Transfer in Organisations Challenges of Knowledge Transfer in Organizations [Institute’s Challenges of Knowledge Transfer in Organisations Transferring knowledge within the employees has become an important part of every organization today. Furthermore, organizations today are struggling hard in order to make sure that the right kind of knowledge is being transferred among the employees. This concept has become particularly important because of the increased competition in the...
3 Pages(750 words)Literature review

Knowledge Transfer and Exchange Plan Sumanta Sanyal Knowledge Transfer and Exchange Plan Dated: October 29, 2005 Abstract This review treats ways and methods in which knowledge can be acquired and utilized by healthcare organizations in particular and others in general. It introduces that prospect by discussing knowledge and its relationship with an organization. It looks into the number of common processes by which knowledge generated by research can be transferred to an organization and the benefits that can accrue to an organization...
10 Pages(2500 words)Essay

International Businesses And Knowledge Transfer

...). From an organisational behaviour perspective, internalization within MNCs is achieved through organisational learning and knowledge management, from a resource-based view perspective (Szulanski, 1996). Internalization creates resources with strong knowledge and expertise that are under the stronghold of management. However, effective internalization can be achieved only through efficient management systems, organisational culture and effective leadership. Knowledge transfer in subsidiaries can be achieved through efficient communication channels; organisational structure and environment that are conducive to learning; and leadership that can effectively identify...
16 Pages(4000 words)Essay

Knowledge Transfer Literature review

...since it increases with more involvement and understanding of the subject (Herschel, Nemati, & Steiger, 2001). Knowledge transferKnowledge transfer is the process by which information is passed from one institution to another or from one coeval to the other (Jasimuddin & Zhang, 2009). Knowledge transfer poses a challenge to institutions and organization, and its importance has continually grown in the last decade. Knowledge transfer is important to learning institution since it forms academic assets. Technological changes have impacted knowledge...
10 Pages(2500 words)Essay

Recruitment, selection, and retention challenges

...Recruitment, Selection and Retention Challenges al affiliation Recruitment, Selection and Retention Challenges It is important for healthcare organizations to hire employees who are innovative. The world is changing, and we face different challenges daily. An innovative employee will be able to cope with these challenges and even be in a position to offer long lasting solutions (Brown, 2011). Internal recruitments are, usually, more concerned with giving existing employees promotions as a means to motivate them. External recruitment, on the other hand, brings in new blood into the organization (Compton, Morrissey, & Nankervis, 2009). The candidate who is not hired may feel unmotivated, and this might affect the general atmosphere... Selection ...
1 Pages(250 words)Essay

The Concept Knowledge Transfer therefore defines what is important and vital and enables a firm to create a knowledge transfer system that ensures that workers acquire that grasp of the knowledge and understand how to apply it for improved results[Tyr12]. This implies that knowledge transfer is a system through which workers are given guided knowledge upgrade and made to become more productive in their capacities within an organisation. Knowledge Transfer and Competitiveness Many authoritative writers in the field of human resource management argue that human capital is a tool for competitive advantage and the ability to...
4 Pages(1000 words)Essay

HR Hiring and Retention

...Topic: HR Hiring and retention Hiring and seeking of the best plausible candi applicant In most cases, managers spend a lot of time seeking the perfect employees while forgetting that this is almost impossible. Rather than wasting their time on this endeavor, they should direct their efforts towards finding people who will be able to deliver in the workplace while working well in their business (Nelson & Economy, 2005). Unfortunately, majority of companies follow an incorrect approach to hiring and this leaves them with numerous vacancies or with employees who do not fit into to the position that they have been employed into. The worst mistake that an employer can make is to leave a job vacancy...
7 Pages(1750 words)Term Paper

Assess the significance of the Atlantic slave trade for the rise of Europe

6 Pages(1500 words)Essay

HR Practices: Strategic Challenges

...HR Practices Do you think the HR practices will support the way Netflix might need to respond to strategic challenges that it will face in the next 2 years? The case facts, as can be observed with respect to the current position of Netflix, indicates that the organisation uses its HR practices relying heavily on recruiting employees who already possess the required skills and knowledge; thus, keeping its training costs low and under control. Recruitment strategies are conducted by Netflix, on the basis of the employees’ dedication towards the company and their job responsibilities. Withdrawing from applying the “traditional HR mind-set”,...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic UK Nuclear industry: HR challenges for knowledge transfer and retention for FREE!

Contact Us