Do you know the value of your employees heads? Often the knowledge is gone before they are gone.

The price tag on intellectual capital grows as people retire, leave, and just plain forget what they know. And it's costing corporations billions of dollars. There is a simple solution.

Los Gatos, CA (PRWEB) August 17, 2003 -- In a knowledge-based economy, intellectual assets are critical. Knowledge has become the key economic resource and the dominant-perhaps only-source of competitive advantage" says management guru Peter Drucker in his book, Managing in a Time of Great Change". The loss of knowledge through employee downsizing or turnover can adversely affect the earning potential (and sometimes the very stability) of a business. Companies risk losing the business race by an employees head at any time.

Increasing employees knowledge drives bottom-line business results; however, much of that knowledge is gone before employees have left the training. According to Fairfield Research, companies spent an average of $912 per employee on educational programs last year. In 2003, U.S. corporations will pump $11.9 billion into employee learning and training, making the enterprise-learning market 37% larger than the U.S. motion picture industry.

However, these same companies rarely take into account that we actually soon forget most of what we learn. According to Rebecca Rupp, author of Committed to Memory: How We Remember and Why We Forget", Memory, it seems, decays with awful rapidity: one hour after learning, 56% of the assimilated material has gone to the wind; one day later, 66% has evaporated; and after one month, 80% is gone."

The costs add up", said Ted Cocheu, CEO of Altus Learning Systems. Based on a learning retention rate of 20%, companies waste 80% of their training dollars. The associated costs of down time, travel, and missed business opportunities while training only compounds the loss. Companies that want to win can ill afford to ignore managing knowledge more efficiently."

The solution to the problems of the inability to remember what we learn; wasted spending on learning and training; and the risk of losing intellectual assets altogether is to quickly capture corporate knowledge and make it available 24/7. Altus Learning Systems recommends a simple approach that enables companies to easily create a source where people can have all the knowledge, all the time - when and how they need it.

Altus is working with companies to create "brain banks" that provide total recall". The ideas, thoughts, and expertise of a company's experts are available anytime, anywhere via computer or Pocket PC. Search results are presented contextually like Google or Tivo -- but to the specific sentence - saving time, money and increasing productivity. Companies get exactly what they want, when they want it.

Cisco Systems has partnered with Altus to leverage its intellectual assets and increase their competitive advantage by capturing and delivering expert knowledge throughout their extended organization. Other major corporations including Autodesk, Cadence Design Systems, Extreme Networks, NetScreen Technologies, Raytheon, and Sun Microsystems rely on Altus systems and technology to cut costs, save time, and increase their competitive advantage.

Altus Learning Systems is headquartered in Los Gatos, CA. For more information, visit our website at http://www.altuscorp.com.