📝Long-tenured workers acquire company-specific knowledge

source

Dean₂₀₂₁

Aside from general knowledge, long-tenured workers acquire company-specific knowledge—the knowledge that is only valuable within the current company and cannot be acquired by outsiders.

Supports

• Long-tenured workers should be paid above the market—the company-specific knowledge is valuable because outsiders don’t have it and it takes a while to acquire

Examples

• knowing “who is who”

• knowing company projects or their internals