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Future of Work Research
Connecting the Know-How, Skills and Expertise Within Your Organization
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FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION
EXECUTIVE SUMMARY
To better understand how the Future of Work impacts organizational and employee
productivity in particular related to know-how, expertise and innovation exchanges,
we canvassed the opinions of more than 1000 knowledge workers in the US and
UK. Our Future of Work Research explores how employees find the information
needed to do their jobs, how enterprises are making use of the intellectual property
within their organizations and what can be done to facilitate greater information
and knowledge sharing.
Harvard Business Review also warns against the expanding organizational silos
influenced by the COVID-19 pandemic and the switch to remote work: “employees
increased their communication with close collaborators by 40% but at a cost
of 10% less communication with other colleagues1
.” With a sea of information
at our disposal, it has never been more critical for knowledge workers2
to gain
access to the right insight and intelligence. Today as much as 80% of a business’s
knowledge remains undocumented3
: It is not recorded in a document, internal
communication tool, process or procedure, but exists in an employee’s mind. This
expansive collection of human intelligence, skills and expertise represents one of
the most powerful, yet untapped, resources available to global enterprises.
OUR RESEARCH FINDINGS SHOWED
Employees are spending a disproportionate amount of time hunting for the
information, expertise and know-how they need to do their jobs effectively. At the
same time, individuals are failing to use all of their knowledge and seeking more
opportunities to share their know-how and skills in the workplace.
Put simply, connecting the know-how of all employees within an organization
is a pre-requisite to breaking down knowledge silos, enhancing the employee
experience and increasing business productivity.
Here’s what we found
Respondents believe they use just over
a third (38%) of their knowledge and
expertise at work on a daily basis
83% feel happier at work when they are
sharing knowledge and helping others
61% of people can’t easily find the
information and answers they need to
do their jobs effectively
Employees are spending one working
month every year searching for
information
53% feel invisible in their organization
Over half of employees have left a
job due to not having access to the
knowledge they need to work effectively
1
https://hbr.org/2020/07/the-implications-of-working-without-an-office
2
Organizational Learning: How Companies and Institutions Manage and Apply Knowledge. By J. Wellman, Springer
3
Bill Conerly, Economist, member of the Oregon Governor’s Council of Economic Advisors and chairman of the board of Cascade Policy Institute. https://www.forbes.com/sites/billconerly/2018/08/12/
companies-need-to-know-the-dollar-cost-of-employee-turnover/#4f150accd590
Widening organizational silos threatens business
productivity and innovation
FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION
Empowering people in organizations to make better and faster
decisions by utilizing the wealth of knowledge at their disposal
is a prerequisite to success for all businesses - particularly large
enterprises who have disparate teams, spread globally. Yet the
average employee uses just 38% of their knowledge and expertise
at work—meaning organizations are failing to adequately unlock
even half of the intellectual capital and brainpower of their people.
“Too much intellectual brainpower and expertise is
underutilized, posing a huge challenge for enterprises.
Failing to find, unlock and share knowledge effectively
not only leads to a duplication of work and time wasted
but makes brain drain a real threat. Organizations need to
harness the power of their team’s collective intelligence
and give employees on-demand access to the information
they need to excel in their job and solve problems quickly.”
Marc Vontobel, CEO, Starmind
As digital-savvy millennials and Gen Z’s become a growing force
in the workplace, they bring with them a greater propensity for
collaboration and knowledge-sharing. Organizations have an
opportunity to capitalize on this willingness to share expertise
and intelligence to open the door to greater productivity and fast
track employee’s career development and satisfaction.
90%
of employees want more
opportunities to share
knowledge
65%
have knowledge their
organization isn’t aware
of / doesn’t capitalize on
75%
feel their organization would
benefit from accessing more
of their knowledge
Vital intellectual
capital is going
undetected and
unused
61%
feel they could contribute
more knowledge & expertise
but don’t know how to
Businesses are failing to untap their people’s potential:
Accessing Tacit Intelligence
FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION
Wasting time on low-value activities is entrenched in the fabric of modern
work. Exacerbated by siloed teams and the sheer volume of information spread
across different applications, platforms and people, we’re wasting more time
than ever before searching for answers, information and know-how.
According to our research, employees are spending around one (working)
month (26 days) each year searching for information, knowledge and the right
expertise within their organization. Of the respondents, 62% said they could not
easily find the information and answers needed to do their jobs effectively, over
half avoid asking questions because they don’t know who to approach or where
to get the right answer and 51% feel it’s not clear where they should be going
for information.
Not being able to quickly and efficiently access organizational intelligence has
a huge potential impact on productivity. Employees end up duplicating work
or spending time searching for answers someone else has already found,
meanwhile there is a wealth of business intel that could be lost entirely when
teams evolve or talent leaves. Furthermore, firms face the challenge of costs
associated with lagging innovation, missed opportunities and prolonged
projects because they are unable to identify key resources and contributors or
easily facilitate cross-functional team collaboration.
Where people turn when they have work-related questions they don’t know who can answer
Lost productivity is plaguing organizations:
Identifying Expert Intelligence
45%
Senior
Teammates
36%
Peers
32%
Internet
12%
Non-work
associates,
friends / partners
11%
Ignore
FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION
56% feel stressed when a colleague departs their team or
department; 2 in 5 (42%) because it means more work for them,
39% because they will lose important knowledge / skills and 28%
because they don’t have all of the leaving colleague’s knowledge
documented
When a colleague departs their organization, it is estimated they
handover only about a third of their knowledge
54% of respondents say their company either doesn’t have a
process in place for extracting knowledge before people leave or
isn’t aware of one
Knowledge workers spend around one (working) month
(26 days) each year searching for information, knowledge
and the right expertise in their organization
52% avoid asking questions as they don’t know where to turn /
who to go to for the right answer
69% said that having access to an expert within the organization
would have prevented mistakes
ORGANIZATIONS ARE LOSING OUT TO BRAIN DRAIN
Not only are workers wasting hours hunting down information to do their
jobs, they are also taking valuable expertise, intelligence and information
with them when they leave.
PRODUCTIVITY SAP: HOURS WASTED ON NON-PRODUCTIVE, REPETITIVE
TASKS ARE COSTING ENTERPRISES HEAVILY
Undocumented unsearchable intelligence remains the greatest untapped
potential in solving business problems. Adopting a system that makes it
possible for organizational experts to be easily found and leveraged can
supercharge productivity, innovation and career development. From saving
working hours, reducing duplication and facilitating faster career progression to
enabling better problem solving and reducing mistakes, it will help crowdsource
company intelligence to unlock the potential of the entire enterprise.
69%
1/3
57%
feel overwhelmed by the volume of
information they receive each day
57%
receive too many notifications
61%
can’t easily find the information and
answers they need to do a good job
Information overload means we are lost for answers
56%
Can’t access the knowledge they
need at work quickly / easily
FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION
As competition for skills widens, the typical avenues
for sourcing talent will become increasingly elusive
and cost prohibitive. As a result, leveraging skills and
expertise in-house is fast becoming one of the most
important components of enterprise strategy—and
one which can deliver the biggest pay-off.
But one major hurdle remains. Too often, employee
skills are not known, not searchable, not shared and
underutilized—meaning enterprises have little to no
understanding of the company’s current skills profile,
where the gaps lie and how to prioritize the right skills
development in-house.
Technology can help fill that void. Gartner has
predicted that 70% of organizations will implement AI
to assist employee productivity by 2021 to save 6.2bn
hours. And there are clear signs that Al will define
the next generation of SaaS, allowing organizations
to not only connect employees to each other, but
help them better access their skills and knowledge
to work more effectively. Approached right, AI can
support career development and skill augmentation.
Starmindexiststouncoverhumancapabilities,
through AI, for the benefit of employees and
organizations. Making human potential visible
through building real time company-relevant
employees` skill profiles helps organizations
unlocknewlevelsofcollaboration,connectivity
and productivity. In turn, this helps to upgrade
the employee experience by recognizing talent
and building an agile culture of knowledge
sharing.
Marc Vontobel, CEO, Starmind
Firms may be tackling the future skills challenge in the wrong way:
Harnessing Organizational Knowledge Using AI
Knowledge workers recognise the potential of AI
believe AI adds value by
removing repetitive tasks
and by solving complex
business problems requiring
cross-team collaboration
70%
feel more comfortable
using a tech platform to
search for info rather
than calling a colleague
71%
would trust a
colleague more than
an AI generated /
automated response
80%
FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION
Starmind puts the human back in AI, helping to
address this challenge by making collective human
intelligence accessible to everyone. Using AI-
powered neural intelligence networks, it unlocks an
organization’s collective brainpower and expertise to
supercharge productivity, aid both employee retention
and satisfaction, and help develop new skills, fast.
For more information on how Starmind can
help unlock the full intellectual capital of your
organization, contact us here:
https://www.starmind.ai/contact
Talent
Org chart
Admin
On-boarding
Brain
Neuron
CS
NLP
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Salesforce

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Starmind mini guide future of work research

  • 1. Future of Work Research Connecting the Know-How, Skills and Expertise Within Your Organization Talent Org chart Admin On-boarding Filters Science Logic Cortex Brain Neuron CS NLP ACV Workshop Sales process Salesforce Value workshop Contract deal size Prospects USP HR Labor Benefits Skill sets
  • 2. FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION EXECUTIVE SUMMARY To better understand how the Future of Work impacts organizational and employee productivity in particular related to know-how, expertise and innovation exchanges, we canvassed the opinions of more than 1000 knowledge workers in the US and UK. Our Future of Work Research explores how employees find the information needed to do their jobs, how enterprises are making use of the intellectual property within their organizations and what can be done to facilitate greater information and knowledge sharing. Harvard Business Review also warns against the expanding organizational silos influenced by the COVID-19 pandemic and the switch to remote work: “employees increased their communication with close collaborators by 40% but at a cost of 10% less communication with other colleagues1 .” With a sea of information at our disposal, it has never been more critical for knowledge workers2 to gain access to the right insight and intelligence. Today as much as 80% of a business’s knowledge remains undocumented3 : It is not recorded in a document, internal communication tool, process or procedure, but exists in an employee’s mind. This expansive collection of human intelligence, skills and expertise represents one of the most powerful, yet untapped, resources available to global enterprises. OUR RESEARCH FINDINGS SHOWED Employees are spending a disproportionate amount of time hunting for the information, expertise and know-how they need to do their jobs effectively. At the same time, individuals are failing to use all of their knowledge and seeking more opportunities to share their know-how and skills in the workplace. Put simply, connecting the know-how of all employees within an organization is a pre-requisite to breaking down knowledge silos, enhancing the employee experience and increasing business productivity. Here’s what we found Respondents believe they use just over a third (38%) of their knowledge and expertise at work on a daily basis 83% feel happier at work when they are sharing knowledge and helping others 61% of people can’t easily find the information and answers they need to do their jobs effectively Employees are spending one working month every year searching for information 53% feel invisible in their organization Over half of employees have left a job due to not having access to the knowledge they need to work effectively 1 https://hbr.org/2020/07/the-implications-of-working-without-an-office 2 Organizational Learning: How Companies and Institutions Manage and Apply Knowledge. By J. Wellman, Springer 3 Bill Conerly, Economist, member of the Oregon Governor’s Council of Economic Advisors and chairman of the board of Cascade Policy Institute. https://www.forbes.com/sites/billconerly/2018/08/12/ companies-need-to-know-the-dollar-cost-of-employee-turnover/#4f150accd590 Widening organizational silos threatens business productivity and innovation
  • 3. FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION Empowering people in organizations to make better and faster decisions by utilizing the wealth of knowledge at their disposal is a prerequisite to success for all businesses - particularly large enterprises who have disparate teams, spread globally. Yet the average employee uses just 38% of their knowledge and expertise at work—meaning organizations are failing to adequately unlock even half of the intellectual capital and brainpower of their people. “Too much intellectual brainpower and expertise is underutilized, posing a huge challenge for enterprises. Failing to find, unlock and share knowledge effectively not only leads to a duplication of work and time wasted but makes brain drain a real threat. Organizations need to harness the power of their team’s collective intelligence and give employees on-demand access to the information they need to excel in their job and solve problems quickly.” Marc Vontobel, CEO, Starmind As digital-savvy millennials and Gen Z’s become a growing force in the workplace, they bring with them a greater propensity for collaboration and knowledge-sharing. Organizations have an opportunity to capitalize on this willingness to share expertise and intelligence to open the door to greater productivity and fast track employee’s career development and satisfaction. 90% of employees want more opportunities to share knowledge 65% have knowledge their organization isn’t aware of / doesn’t capitalize on 75% feel their organization would benefit from accessing more of their knowledge Vital intellectual capital is going undetected and unused 61% feel they could contribute more knowledge & expertise but don’t know how to Businesses are failing to untap their people’s potential: Accessing Tacit Intelligence
  • 4. FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION Wasting time on low-value activities is entrenched in the fabric of modern work. Exacerbated by siloed teams and the sheer volume of information spread across different applications, platforms and people, we’re wasting more time than ever before searching for answers, information and know-how. According to our research, employees are spending around one (working) month (26 days) each year searching for information, knowledge and the right expertise within their organization. Of the respondents, 62% said they could not easily find the information and answers needed to do their jobs effectively, over half avoid asking questions because they don’t know who to approach or where to get the right answer and 51% feel it’s not clear where they should be going for information. Not being able to quickly and efficiently access organizational intelligence has a huge potential impact on productivity. Employees end up duplicating work or spending time searching for answers someone else has already found, meanwhile there is a wealth of business intel that could be lost entirely when teams evolve or talent leaves. Furthermore, firms face the challenge of costs associated with lagging innovation, missed opportunities and prolonged projects because they are unable to identify key resources and contributors or easily facilitate cross-functional team collaboration. Where people turn when they have work-related questions they don’t know who can answer Lost productivity is plaguing organizations: Identifying Expert Intelligence 45% Senior Teammates 36% Peers 32% Internet 12% Non-work associates, friends / partners 11% Ignore
  • 5. FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION 56% feel stressed when a colleague departs their team or department; 2 in 5 (42%) because it means more work for them, 39% because they will lose important knowledge / skills and 28% because they don’t have all of the leaving colleague’s knowledge documented When a colleague departs their organization, it is estimated they handover only about a third of their knowledge 54% of respondents say their company either doesn’t have a process in place for extracting knowledge before people leave or isn’t aware of one Knowledge workers spend around one (working) month (26 days) each year searching for information, knowledge and the right expertise in their organization 52% avoid asking questions as they don’t know where to turn / who to go to for the right answer 69% said that having access to an expert within the organization would have prevented mistakes ORGANIZATIONS ARE LOSING OUT TO BRAIN DRAIN Not only are workers wasting hours hunting down information to do their jobs, they are also taking valuable expertise, intelligence and information with them when they leave. PRODUCTIVITY SAP: HOURS WASTED ON NON-PRODUCTIVE, REPETITIVE TASKS ARE COSTING ENTERPRISES HEAVILY Undocumented unsearchable intelligence remains the greatest untapped potential in solving business problems. Adopting a system that makes it possible for organizational experts to be easily found and leveraged can supercharge productivity, innovation and career development. From saving working hours, reducing duplication and facilitating faster career progression to enabling better problem solving and reducing mistakes, it will help crowdsource company intelligence to unlock the potential of the entire enterprise. 69% 1/3 57% feel overwhelmed by the volume of information they receive each day 57% receive too many notifications 61% can’t easily find the information and answers they need to do a good job Information overload means we are lost for answers 56% Can’t access the knowledge they need at work quickly / easily
  • 6. FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION As competition for skills widens, the typical avenues for sourcing talent will become increasingly elusive and cost prohibitive. As a result, leveraging skills and expertise in-house is fast becoming one of the most important components of enterprise strategy—and one which can deliver the biggest pay-off. But one major hurdle remains. Too often, employee skills are not known, not searchable, not shared and underutilized—meaning enterprises have little to no understanding of the company’s current skills profile, where the gaps lie and how to prioritize the right skills development in-house. Technology can help fill that void. Gartner has predicted that 70% of organizations will implement AI to assist employee productivity by 2021 to save 6.2bn hours. And there are clear signs that Al will define the next generation of SaaS, allowing organizations to not only connect employees to each other, but help them better access their skills and knowledge to work more effectively. Approached right, AI can support career development and skill augmentation. Starmindexiststouncoverhumancapabilities, through AI, for the benefit of employees and organizations. Making human potential visible through building real time company-relevant employees` skill profiles helps organizations unlocknewlevelsofcollaboration,connectivity and productivity. In turn, this helps to upgrade the employee experience by recognizing talent and building an agile culture of knowledge sharing. Marc Vontobel, CEO, Starmind Firms may be tackling the future skills challenge in the wrong way: Harnessing Organizational Knowledge Using AI Knowledge workers recognise the potential of AI believe AI adds value by removing repetitive tasks and by solving complex business problems requiring cross-team collaboration 70% feel more comfortable using a tech platform to search for info rather than calling a colleague 71% would trust a colleague more than an AI generated / automated response 80%
  • 7. FUTURE OF WORK RESEARCH: CONNECTING THE KNOW-HOW, SKILLS AND EXPERTISE WITHIN YOUR ORGANIZATION Starmind puts the human back in AI, helping to address this challenge by making collective human intelligence accessible to everyone. Using AI- powered neural intelligence networks, it unlocks an organization’s collective brainpower and expertise to supercharge productivity, aid both employee retention and satisfaction, and help develop new skills, fast. For more information on how Starmind can help unlock the full intellectual capital of your organization, contact us here: https://www.starmind.ai/contact Talent Org chart Admin On-boarding Brain Neuron CS NLP ACV Workshop Sales process Salesforce