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Key Person Dependency

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In a knowledge-based society, what an employee learns from experience contributes to company growth. He or she may spend many years building relationships, developing processes, learning trade specifics, and enhancing his or her ability to work effectively.
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  • Added: October, 12th 2012
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  • Tags: key person dependency, human capital risk management, key person dependency risk, managing key person risk
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Key Person Dependency (KPD)
Ensuring loss of resources does not equal loss of knowledge.

What is Key Person Dependency?
In a knowledge-based society, what an employee learns from experience contributes to company growth.
He or she may spend many years building relationships, developing processes, learning trade specifics, and
enhancing his or her ability to work effectively. These employees significantly impact business operations, and
loss of their knowledge threatens the successful delivery of services and maintenance of business continuity.

Research shows that few companies make an effort to identify and capture the knowledge of employees who
are serving key person dependency (KPD) roles.
(c)MorganFranklin Corporation. All Rights Reserved.
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2


Challenges of Knowledge Transfer
* Lack of structured approach in organization and/or department
* Potentially time-consuming
* Requires clear strategy and measurable results
* Potential struggles with conveying tacit knowledge
* Possible resistance of key personnel to sharing the knowledge that qualifies them as KPDs
* Fear of sharing information that has taken years to acquire and then being replaced
(c)MorganFranklin Corporation. All Rights Reserved.
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Overcoming Challenges of Knowledge Transfer
Overextending expectations and soliciting information through a "tell me everything you do" approach is
overwhelming.

The knowledge transfer process should begin with:
1.
Identifying a company's core competencies
2.
Capturing the correlating sphere of knowledge from key personnel
3.
Offering financial and non-financial incentives to encourage key personnel to share their knowledge
4.
Introducing a model to guide the initiatives for knowledge transfer
5.
Building a targeted model and clarity around what is valued
6.
Determining what is critical from control, customer, and competency perspectives, and capturing
that data
7.
Identifying what knowledge is important and necessary to sustain the competitive advantage

Recognizing that explicit knowledge can be clearly measured while tacit knowledge is more challenging to gauge
will allow organizations to customize various programs for different types of knowledge. Utilizing this collective
information to build an organizational culture of knowledge management will increase opportunities to continually
measure success.

(c)MorganFranklin Corporation. All Rights Reserved.
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4


How MorganFranklin Can Help
We at MorganFranklin understand how KPDs impact organizational operations. Our customized and holistic
approach helps identify gaps in knowledge and facilitates information transfer for future reference.

Our KPD assessment methodology and knowledge transfer instruments work to mitigate the risk of KPDs and
provide transparency into critical roles.

We begin by engaging with leadership and employees to identify KPDs and develop risk profiles on potential
impacts. We further utilize this information to document both explicit and tacit knowledge, and position clients
to retain the knowledge that will continue to deliver success.

Our goal is to complement knowledge management investments and provide sustainable solutions for
imparting knowledge throughout organizations.
(c)MorganFranklin Corporation. All Rights Reserved.
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About MorganFranklin
MorganFranklin is an execution-oriented business consulting and technology solutions company.
We deliver financial management, performance improvement, and national security solutions to
industry and government clients.


Business Facts
* Founded in 1998
* Headquartered in the Washington, D.C., area with a regional office in Chicago
* European operations established in London in 2007
* National presence and international reach
* Diverse full-time workforce comprised of industry, global consulting, Big Four, former military,
and government professionals
* Technical excellence: CPA, CIA, CISA, CISSP, MCSE, RCDD, PMP, CGFM, CDFM, CEH,
NSA-IAM, NSA-IEM, MBA, Ph.D.
* Fast access to a powerful network of trusted partners with solid industry experience
* Unique blend of industry and government clients
* Industry recognition as a top consulting firm in the U.S.
* Recognized for industry-leading workplace best practices
(c)MorganFranklin Corporation. All Rights Reserved.
6

Contact MorganFranklin
Corporate Headquarters
1753 Pinnacle Drive
Suite 1200
McLean, VA 22102
www.morganfranklin.com

office: 703.564.7525

(c)MorganFranklin Corporation. All Rights Reserved.
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