Impact of Knowledge Management in HR practices

Impact of Knowledge Management in HR practices

Introduction

            In recent years, Knowledge Management has emerged as one of the prime concerns of human resource Management (HRM) system.  Before understanding the concept of Knowledge Management, We define knowledge, which is known as information, enrichment, practical skill, acquaintance, etc.  In Knowledge Management point to view, knowledge may be defined as actionable wisdom that results facts, information and techniques in a particular field.  In HRM context, Knowledge Management is creation, distribution and utilization of knowledge at the individual group and Organizational level for the benefits of people improved and affected by it.  This paper express Emerging trends in Knowledge Management faced by HR area.

            Knowledge Management is a system by which business strategies is excused and create results.    In Knowledge Management there are three basic elements:

i)                    Knowledge creation

ii)                  Knowledge sharing and

iii)                Knowledge utilization

• Limitation of Existing initiatives
• Value of knowledge
• Minimize effort Duplication
• Sharing of Best Practices
• Enhanced Innovation

1. To generate information for production increases reduction of cost of expenditure, maximizing profit through knowledgeable worker or minds of workers.
2. To improve the natural and human resources through innovative method to reach.
3. To save the Organization from critical capabilities
4. To develop the right source at right timely relevant knowledge
5. To focus the higher quality production and resource allocation
6. To ensure their survival through creation, acquire, maintain, retain and process the new ideas and innovation
7. To share strong cultural behaviours for achieve goals

The Top Five Strategies for innovative HR practices

1.             1.   Provide Job Challenges.
2.             2.   Provide an open environment and culture.
3.             3.   Give a competitive compensation.
4.             4.   Clarity of job responsibilities career paths.

            5.   Continuous training and skill up gradation.

Knowledge Management process or steps in Knowledge Management

1. Identifying the skill and its developments

2.                  Set human capital management

3.                  Human capital approaches

4.                  Responsive ability (rapid align the competencies)

5.                  Creating a knowing enterprise (applied learning Organization)

6.                  Recognition

            Knowledge Management is a continuous process.  A Knowledge Management programme has the following elements:-

1. Define Knowledge Management strategy => includes why to share knowledge, what to

                                                                               share, with whom to share, how to share.

1. Organizing Knowledge Management programme=>includes providing budget for knowledge sharing, providing budget for knowledge sharing, choose technology for knowledge sharing, communicating the value of knowledge sharing, adopting methods of knowledge sharing and measuring performance.
2. Reinforcement for Knowledge Management => includes Introducing New incentives and Providing support for knowledge sharing
   1. Create a culture that stimulates knowledge sharing and learning
   2. Ensure that the used needs types of knowledge and system to transfers the knowledge
   3. Knowledge sharing is useful for support Knowledge Management programme
   4. To motivated to be willing to travel and share knowledge with others
   5. Experts must available and help teams to solve tough and unusual problem
   6. Different sharing system for different group of employees
   7. There should be integration of knowledge and organizational practices

1                    Establishing the need for a Knowledge Management initiative

2                    Ensuring a solid business case

3                    Steering for tangible measures

4                    Creating a frame work for Technology support

5                    Cultivating a knowledge sharing culture and

6                    Becoming the face of an internal communications strategy

            In our minds this is all about creating capacity in the management to get the business goals, which we could not hit without some new way of thinking & innovation.  Hence, the Knowledge Management is nothing but focus on information, form a team for utilizing individual knowledge into structural knowledge, make quick decisions, develop the intellectual capital etc.,  A HRM manager identify the strategy to find out human intellectuate which is possible through 3 phases.  i.e. (i) Preparation phase (ii) Acceptance  phase (iii) Commitment phase, it is nothing but identify the experts & develop their intellectual, for achieving the Organizational goal.

Information+ Experience+ insights + judgment =      “KNOWLEDGE”

“What is greater than knowledge?”

“A heart that can se and care”, whispered the soul.

(i)     Human resource Management (HRD system) by L.M.Prasad

(ii)  Knowledge Management by Sudhir Warier

(iii) Management of change and Organization development by – S.K.Bhatia

      (Knowledge organization)

(iv) The Executive roles in Knowledge Management by Carla O’ Dell