Retaining new and seasoned employees not only rids you of the cost of higher, but will increase productivity in the workplace. Collaboration technology will help you do just that. This technology promotes effective communication which is one of the most important skills a person can possess. Best practices and specific information is all stored in an easy-to-access centralized system. Employees and employers can find information or collaborate with a colleague from any location whether that be the office or on vacation. Collaboration technology has been able to reduce email volume by 30% and increase team efficiency by 15-20% (Source).
Organizations that have implemented collaborations technology have seen employees empowered to communicate with peers in an open forum while also promoting online learning. The seasoned employees can become mentors for new hires. The new hires can learn from their mentors mistakes and successes. Organizations that haven’t implemented collaboration technology have found that their employees spend around 9 hours a week search through their email or the internet for information.