These programs can help capture critical information and distribute it directly to employees' desktops.

Companies should take three critical steps to meet the challenge of transferring knowledge from retiring employees. The bottom line is that leaders in this arena know that capturing critical workforce knowledge and skills can't be left to chance.

Time Warner retains that information to administer retirement, compensation and other benefits information for its employees,

Use of this information to select and treat the patients at highest risk for progression earlier may help prevent irreversible liver damage and improve patient compliance with therapy. These results may also enable more cost-effective and timely demonstration of efficacy for new drug therapies by enriching trials with those individuals more likely to suffer from disease progression.

If they don't act soon, organizations will face a major exodus of institutional knowledge. Companies must undertake workforce development and training initiatives to capture knowledge and minimize its loss.

During our last negotiations, we gave back some of our summer hours and we remain the lowest paid employees in the district. It would cost the district approximately $70,000 a year in total to give us what we are asking.