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This document outlines the potential risks associated with knowledge loss and staff turnover within an organization. Key concerns include the departure of experienced individuals, the impact of shifting responsibilities to mid-level management, and the limitations on the development of staff expertise. The analysis includes various scenarios for the likelihood and impact of these risks, emphasizing the need for appropriate fiscal policies and resource management to ensure continuous operational effectiveness and capability development.
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SO WHAT?? Likelihood and Impact
DOF Example Principle Function Establish appropriate fiscal policies to carry out the state’s programs. Source: Disaster Recovery Plan
1) Significant knowledge and expertise could be lost if key individuals leave, retire, or are temporarily absent. Not Likely Somewhat Likely Likely Very Likely Definitely 0 / 20 Cross-Tab Label
1) Significant knowledge and expertise could be lost if key individuals leave, retire, or are temporarily absent. No Impact Slight Impact Moderate Impact Strong Impact Severe Impact 0 / 20 Cross-Tab Label
2) Shifting overtime to mid and upper level management increases the potential for fatigue and turnover amongst those staff. Not Likely Somewhat Likely Likely Very Likely Definitely 0 / 20 Cross-Tab Label
2) Shifting overtime to mid and upper level management increases the potential for fatigue and turnover amongst those staff. No Impact Slight Impact Moderate Impact Strong Impact Severe Impact 0 / 20 Cross-Tab Label
3) Short turnaround times require the most experienced staff to do the work, which could result in less experienced staff not being engaged in the process or gain necessary experience. Not Likely Somewhat Likely Likely Very Likely Definitely 0 / 20 Cross-Tab Label
3) Short turnaround times require the most experienced staff to do the work, which could result in less experienced staff not being engaged in the process or gain necessary experience. No Impact Slight Impact Moderate Impact Strong Impact Severe Impact 0 / 20 Cross-Tab Label
4) Staff turnover limits Finance’s ability to develop and maintain knowledge and expertise. Not Likely Somewhat Likely Likely Very Likely Definitely 0 / 20 Cross-Tab Label
4) Staff turnover limits Finance’s ability to develop and maintain knowledge and expertise. No Impact Slight Impact Moderate Impact Strong Impact Severe Impact 0 / 20 Cross-Tab Label
5) Not providing free coffee to staff limits their ability to function at optimum levels. Not Likely Somewhat Likely Likely Very Likely Definitely 0 / 20 Cross-Tab Label
5) Not providing free coffee to staff limits their ability to function at optimum levels. No Impact Slight Impact Moderate Impact Strong Impact Severe Impact 0 / 20 Cross-Tab Label