Log in     Support     Status

Does knowledge management create cost savings?

by | Apr 1, 2021

Providing the right knowledge assets will certainly improve efficiency and productivity. There are many ways to measure the value of knowledge, but when work performance improves, it also benefits the bottom line. If it takes an employee less time to perform the same tasks, because they have acquired the right knowledge, then it will create cost savings.

If the time saved adds up to a month, then that equates to one month’s payroll. Having an in-house knowledge management system saves team members time when researching information.