Why is knowledge sharing important?

An article on how our commitment to collective learning drives growth and impact.

Written by Sabina Brdnik

At tretton37, we don't just talk about the importance of knowledge sharing—we live it. Our annual knowledge sharing event called "Knowabunga" is where our colleagues present on cutting-edge developments in their fields, report on first hand experiences, and/or present talks on topics that sparked their interest and they want to share it with the world.

But why is knowledge sharing so crucial for personal and organisational growth?

The Power of Collective Intelligence

Knowledge sharing transforms individual expertise into collective wisdom. When employees exchange ideas and insights, they create a multiplier effect:

• Organisations with effective knowledge-sharing practices are 57% more likely to experience above-average revenue growth. [1]
• Employees who engage in knowledge sharing are 37% more productive than those who don't. [2]

Accelerating Innovation and Problem-Solving

By fostering a culture of knowledge sharing, tretton37 taps into the diverse perspectives and experiences of its workforce:

• Companies that promote collaborative working are 5 times more likely to be high-performing. [3]
• Teams that share knowledge effectively reduce project completion times by up to 35%. [4]

Enhancing Employee Engagement and Retention

Knowledge sharing isn't just about improving business outcomes—it's about creating a more fulfilling work environment as well:

• 94% of employees would stay at a company longer if it invested in their learning and development. [5]
• Organisations with a strong learning culture enjoy employee engagement and retention rates around 30-50% higher than those that don't. [2]

Real-World Impact

Our commitment to knowledge sharing extends beyond our walls. What does that mean in practice:

• tretton37's community initiatives have reached over 15,000 developers in the past year over social media and in person. Help us get a higher an even reach by watching last year's talks in this YouTube playlist from our 2023 Knowabunga. ??
• Our open-source contributions have been used by companies in 50+ countries, demonstrating our global impact.

The tretton37 Difference

While many companies recognise the importance of knowledge sharing, here is where tretton37 stands out:

• Over 95% of our employees actively participate in our annual knowledge-sharing event.
• We dedicate time during our work hours to learning and sharing activities, and our goal is to exceed the industry average on this, which is currently at a very low 1%. [6]

Knowledge sharing isn't just a practice at tretton37—it's in our DNA. By continuously exchanging ideas and expertise, we're not only growing as individuals and as a company but also shaping the future of technology and effecting positive change in communities worldwide.

Sources:

• [1] Deloitte, "Global Human Capital Trends" (2020)
• [2] Aberdeen Group, "The New Competitive Advantage: Employee Knowledge Sharing" (2019)
• [3] McKinsey & Company, "The social economy: Unlocking value and productivity through social technologies" (2012)
• [4] Project Management Institute, "Pulse of the Profession" (2021)
• [5] LinkedIn, "2019 Workforce Learning Report"
• [6] Association for Talent Development, "State of the Industry Report" (2020)