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Title: Knowledge Loss
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Music and Movies |
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| Date: |
April 17, 2005 |
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9 / 2432 |
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The departure of certain individuals can significantly affect the overall social capital of an organization. Parise et al. (2006) provide a great example of the consequences of losing experienced employees. In the mid-1990s, Delta Air Lines Inc. lost a large amount of experienced mechanics... Showed first 250 characters
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In the mid-1990s, Delta Air Lines Inc. lost a large amount of experienced mechanics. Initially, the loss did not seem to have a negative impact and Delta was able to reduce its compensation costs. However, the loss quickly caught up with them. The less-experienced workers were not able to diagnose and repair the airplanes as quick, thus the result was flight delays and cancellations leading to customer dissatisfaction (Parise et al... Showed next 250 characters
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