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As a result of Information Communication Technologies, workers at all levels are being literally “drowned in information” resulting in significantly increased workloads, worker burn-out, an overall decline in productivity and the lack of time needed to convert information into usable knowledge, which lies at the heart of innovation. "Canadian corporations rank 14th out of the 17 top industrial nations in terms of their capacity to innovate” (Federal Government review into why Canada is lagging behind in innovation)
Tribal knowledge which the business must preserve in institutional memory in order to continue to grow and prosper
The rapidly aging demographic across key sectors dictate that new employees will need to be ramped up much faster than in the past in order to replace retiring employees who have accumulated a life-time of knowledge, experience and know how. At the same time there needs to be effective legacy programs developed to engage departing experts in the effective transfer of experiential knowledge into institutional memory for the benefit of new employees.
The need to develop new skills in order to deal with changes resulting from emerging technologies and new research.
The new generation of workers are unlikely to spend their entire careers working for one employer. They are mobile, self-motivated independent learners who are likely to move jobs frequently taking their knowledge with them.
Losing experienced, highly technical and knowledgeable employees and replacing them with capable, yet inexperienced ones may have a detrimental impact on productivity.