Reference no: EM132748401

Question 1: About two months prior to retirement, the training and development office at Avondale Industries works with the retiring employees and their managers to develop a plan of how to capture what they know before they leave the company. Why is it important for the company to retain the knowledge these employees have gained over their many years of experience?

1. Because the knowledge of older employees will benefit younger workers in the company who may not have the work ethic or organizational capabilities.
2. Capturing the experience and knowledge of older employees will benefit the company because the employee will leave feeling valued and appreciated.
3. Gathering the knowledge older employees have gained during their work careers will help younger employees who might want to follow the same career path.
4. The critical knowledge of older employees often cannot be easily replaced or recreated, so companies that capture what these employees know will transition easier when they leave.