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Knowledge retention: You don't know what you're missing until it's gone

Labor Day is bittersweet. Summer is unofficially over. But that might be a good thing for companies that have been short-handed the past few months while employees take vacation.

Some companies have been under more strain than others, as recently reported by Joe Walker for The Wall Street Journal. He gave interesting insight into how companies are managing with leaner staff this summer, and I thought the challenges that he brought to light really underscore the importance of knowledge retention in any organization.

I wrote about this topic earlier this summer, and I think Joe's article reinforces what I said then: Vacation time gives you the chance to truly understand the value of your employees -- and their knowledge. Because like the saying goes, you don't know what you're missing until it's gone.

Take a look at Joe's piece to see how some companies are staying afloat this summer with shortened staff. Sound like your company? What have you been doing to compensate?

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