Tag: Knowledge Sharing

How unknowingly your organization is wasting its resources?

Does your organization use different platforms various organizational knowledge sharing and management? If yes, is it easy for you to manage all of them?

The changing work environment and pace have changed the way companies manage their organizational resources. All the 4 kinds of resources, Human, Information, Physical and Financial holds crucial importance in any organization. 

And knowing the value of those resources, there are some amazing platforms on rising. Those platforms help to amplify the efforts in the management of an organization’s resources.

Types of Platforms Used by Organizations for Learning Needs

  • Knowledge Management Platform

Such platforms help corporates to manage and organize their organizational data, information or knowledge which is important for the organization and its employees. Those platforms help in the retrieval and management of a collection of data.

  • Knowledge Sharing Platform

Knowledge sharing platform lets employees of an organization to share their learnings and knowledge with their colleagues and learn from each other’s antecedent experiences on a single common platform.

  • Corporate Learning Platform: 

There are many companies that use Corporate learning platforms to provide effective learning and skill development to their employees. Such platforms give services which involve online learning by providing various kinds of digital content to their users.

  • Employee Communication Platform:

Communication is fuel to the work process and many organizations have realized the value of it and use a communication platform that focuses on real-time peer to peer and top-down transmission of messages and helps work in collaboration.

  • Corporate Library: 

Books are the source of immense knowledge and therefore knowing the relevance many organizations try to build a library for their employees or hire any rental book library platform available in the market. Such libraries are considered as a necessary source of knowledge and information for organizations.

  • Employee Reward & Recognition Platforms:

Employee recognition plays an important part in effective employee engagement. Therefore, nowadays there are platforms used mainly for internal recognition with some reward system. Employees interact with each other to gain redeemable points in return to it.

Problems with independent platforms

Even though these platforms satisfy various needs amazingly, yet there are some inescapable issues that you should really worry about.

  • Management of these platforms

All of these platforms demand Admin control to look for management. But, managing these many platforms becomes a hustle for the admins. Neither the employees like to navigate again and again from one platform to another for each different requirement.

  • User Experience Vary

Using various platforms for different knowledge sharing and management needs doesn’t leave space for better feasibility in the process. The members have to switch one to another platform and not every platform is easy to use or user-friendly. Users have to learn and adapt to different algorithms used by particular platforms.

  • Different Credentials

Each platform has its own sign-in process for secure usage of such learning as well as knowledge sharing and management platforms. But it increases the difficulties for the users to recognize those credentials and fill them, again and again, every time a need arises.

  • Value for money

Companies hire these platforms to systematize the efforts they put in the management of organizational needs and in a way to enhance productivity. But, when companies opt for these individual platforms they have to get separate subscriptions for each of them. This process in a way increases the costs and companies have to spend lots of money instead. 

  • Difficulty in Knowledge Integration

On such platforms, the storage is quite specific to the platform which makes the knowledge unification process difficult for the users. The chunk of knowledge stored on a platform isn’t always accessible by the users on another platform. This creates difficulty in integration whenever it is needed.

How to solve these problems?

Even though there are many drawbacks related to those platforms, using them is a necessity for organizations for different purposes. Therefore, with the evolving technology and day by day increasing options on the market, now managers could explore around to find a better option.

The best option for organizations to fulfill their organizational learning needs in a more optimized way would be a Single Platform for all such needs.

Vneda is one such innovative Single Platform for all the learning and management of any organization. This platform has assorted features, that are helping organizations with integrated corporate learning, knowledge sharing, knowledge management, corporate library all at a single stop.

How Vneda can help your organization?

Vneda provides a hybrid approach for organizations that minimize their efforts in management and maximizes the outcomes of the efforts. Being a single platform along with accomplishing the wide range of learning needs in an organization, it renders effective services for its users at a minimal cost as compared to multiple platforms. 

  • Intra connected network

An intraconnected platform for employees to share their knowledge and views with other colleagues. The employees can share their knowledge with the use of smart knowledge sharing tools given on the platform.

  • Pre-built Knowledge Repository

This platform has its pre-built repository to make the learning easier. This repository includes digital content in the form of articles, podcasts, videos, e-books, courses, and infographics.

  • Cloud-based repository

Vneda’s platform provides two kinds of knowledge repositories for users for making knowledge management more constructive. One is a central repository where the Admin (HR/Manager) can upload the knowledge they want to manage and can share the same with employees as well. Another is a Personal repository where employees can curate unlimited data in a secured manner.

  • Corporate Library

Not only the digital content this platform has its own corporate library with approx 2 lac books in various categories. They give doorstep delivery for any book the users want to read. 

  • Peer to Peer/ Team chats:

Vneda allows users to have internal conversations as well as gives the advantage to create teams to work in collaboration and helps in decreasing the communication gap. The chat not only includes text but the users can share pdf files, images, videos, and audios.   

  • Reward & Recognition:

It uses gamification to make learning more exciting and appealing. Whenever employees interact or create and consume content they gain points, which can be used to buy popular gift cards. Another aspect of this platform is that it focuses on employee recognition by using analytics and represents it on a leaderboard. 

  • Admin Control:

Most organizations worry about the administration of such platforms, for this Vneda allows full control for the Admin. The Manager/HR can see what type of content their employees are consuming, control what they should read, appraise them with the help of leaderboard readings. Admins can easily communicate with their employees or can make any announcements for them.

  • Mobile Application:

Vneda’s services come in both forms as a website and as a mobile application. The mobile application version makes it less complicated and more user-friendly for users to create, share, consume and manage knowledge.

You can easily Book a Demo at
https://www.vneda.com/ to experience Vneda’s knowledge sharing and management platform.

It’s the peak time for organizations to make smart choices. Today is the time of those who change with this dynamic world, can move faster, learn quickly and can adapt more rapidly. Organizations need to take care of their resources in a more efficient and effective manner if they want to be in the race.

What makes your employees, to leave your organization?

Did you come across the stats that: the cost to replace a highly talented and trained employee can exceed 200% of their salaries?

Employee Retention

Your investment, training programs, money, time all goes into a pit when an employee leaves your organization. Employees are the driving force behind the success of any organization and when they leave, they take away the most important asset of your company with them, that is they themselves.

Therefore, you should retain your highly trained employees for better development of your organization. But, it is seen that 50% of all organizations face difficulty in retaining their most hardworking and valued employees.

Many research done globally on the employees shows many factors why an employee looks for a change or decides to leave an organization. Such as lack of performance appraisals, no job satisfaction, increased employee conflicts in the organization, no recognition of their work.

According to Get Bridge: 86% of millennials would leave their current position if career development and training were not offered.

Every employee considers the training an employer provides, which helps them to develop existing and new skills. They also look for some appreciation of the work they do for your company. Even the environment of the organization has an impact on employees. They find it hard to trust their team members because they haven’t built such an understanding to work together. And such factors can fuel the decision of an employee to leave an organization.

HR leaders bear a lot of pain and spend lots of time to recruit the right candidates. But, they have to understand the key to better company turnover is satisfied employees.

According to OfficeVibe, 46% of HR personnel say retention is their greatest concern.

And they think that in handling such issues Knowledge Management Platforms play an important role. As at recent times, such platforms offer different tools and features which helps in employee engagement and team-building among employees. Vneda.com is one such reliable knowledge sharing and management platform, which is helping corporates in improving employee communications.

Each existing employee in an organization understands the company culture and tries to work effectively and makes a contribution to your company. To see the continuity in the profit they bring to your table, you must sincerely keep putting dedicated efforts to encourage and motivate them. This will keep them happy and satisfied with your organization and won’t look for a change.

Factors that affect employee productivity

Each organization in any country wants its output higher than the resources they put in. When we talk about resources, a company’s human resource holds the foremost importance among all. The way your employees work shows how your company performs in the market. Employee productivity is one of the most important factors which heavily influences your company’s turnover.

According to The McKinsey Global Institute “Productivity improves by 20–25% in organizations with connected employees.”

The problem arises when there is a dwindling vibe of unproductivity among employees. Your employees either can help you achieve the organization’s objectives better or can halt your profit. Unproductive employees can lead you to the downfall of your company turnover.

It is seen by many professionals that even after many employee training and engagement activities there is a lack of optimal productivity among employees.

There can be many underlying causes those aren’t stipulated for this issue. It isn’t always right that engaged employees are productive employees, but, many times it is seen that the highly engaged employee is also unproductive.

Industry research shows that the productivity of an organization’s employees can be increased by analyzing different aspects of an employee performance and company’s responsibilities towards an employee. The main causes can involve an organization’s work culture, lack of recognition, lack of communication, lack of job satisfaction or there is no scope for growth.

Employees of any organization demand challenges and recognition which can help them improve their skills and make them stay in an organization.

Global studies prove that “Recognition is the number one thing employees say their manager could give them to inspire them to produce great work, that when it comes to inspiring people to be their best at work, nothing else comes close not even higher pay, promotion, autonomy or training.”

Every employee expects some appreciation and recognition for the work they do. Other reason behind any company’s failure could be its lack of communication. Two-way communication is an essential thing to inculcate in your company culture. Encouraging good communication among employees can reduce conflicts and increase team spirit.

“A survey of 400 companies with 100,000 employees each cited an average loss per company of $62.4 million per year because of inadequate communication to and between employees.” (Source: Research Report by David Grossman)

Many HR Personnel believes that using different knowledge management/sharing platforms helps in enhancing the communication system. Such platforms provide different features such as group discussions, announcements, reward & recognition, etc. which helps in better employee communications.

One has to analyze time to time the reasons behind the lack of productivity among employees, check-in with employees and sought out the problem with the help of good communication.

Effectiveness of Knowledge Sharing and Management in increasing employee productivity

Knowledge Sharing and Management Platform
Knowledge Management and Sharing Platform

Running a successful business is every employer’s dream, Organizations emphasize employee engagement and do many things to increase their productivity. With an engaged staff of employees, Organizations achieve higher revenue, boost customer satisfaction, and increase the company’s overall chance of success. The efforts Organizations put in to manage human resources are crucial and a necessity. However, the question to ask is does the level of effort put in give the expected results? Is there still a lack of employee engagement in the Organizations which needs resolving?

Research by Queens School of Business and by the Gallup says: Organizations with low employee engagement scores saw 18% lower productivity, 16% lower profitability, 37% lower job growth, and 65% lower share price over time.

Low employee engagement has diverse effects on both the employees’ performance and organizations health. If the employees are engaged in group communication and collaboration, knowledge sharing among peers and free expression of their views, they feel motivated and engaged.

Employee Engagement Report

There is a burning need to provide knowledge about new tools and techniques to employees be it new or existing. Thus, many HR Managers or L&D experts go for in-house libraries, in-house journals, knowledge repository, activities, and workshops, but very few achieve the desired goals. The main reason is the hustle and the huge level of effort gone in the management of such activities.

Therefore, Knowledge Management and Knowledge Sharing Platform and their industry are on the rise. Such platforms help Organizations in enhancing employee engagement and thereby contributing to increased employee productivity. Knowledge Management and Sharing systems provide organizations and employees an online platform to communicate collaboratively in an interconnected manner. Employees can easily engage with each other and share their experiences, leading to improved working practices and environment.

According to Screen Cloud stats “Employees who feel their voice is heard at work are 4.6 times more likely to feel empowered to perform their best work.”

Employee engagement is not a one-time job, rather it requires continuous effort to be put in to keep your employees engaged and motivated. At the end of the day, motivated and engaged employees who work collaboratively will ensure improved organizational performance. Hence, the need of the hour for organizations, employers and employees who want to grow, learn and work more proficiently is to adopt modern age platforms for knowledge management and sharing.

Does your organization use any Knowledge Sharing or Management platform and how that platform or initiative is helping your organization achieve the goals and desired employee satisfaction?