As many organizations approach a wave of workforce retirements, often referred to as the retirement cliff, they face growing risks of knowledge loss, particularly from experienced employees nearing retirement. This trend threatens continuity, productivity, and institutional stability if critical expertise is not captured and transferred effectively. Knowledge management plays a vital role in succession planning by promoting structured knowledge sharing and continuous learning. Organizations must adopt strategies to document expertise, enable collaboration, and ensure smooth transitions, helping preserve valuable institutional knowledge while maintaining operational effectiveness and long-term resilience.

Join for free to read