Preserving Powerhouse Talent
From Schmidt List - Business Insights by Kurt Schmidt
February 17, 2026 · 21 min · Episode 311
About this episode
Kurt Schmidt and Ben Bomar discuss the importance of preserving institutional knowledge within organizations to ensure smooth succession and maintain company values.
In this episode, Kurt Schmidt sits down with Ben Bomar to dive into the importance of preserving institutional knowledge within organizations—especially when key employees retire or move on. Ben Bomar shares his expertise on how to capture the wisdom and practical know-how of longtime staff, ensuring a lasting legacy and smooth succession for businesses ranging from 20 to 500 employees. The conversation explores the real costs and risks of employee turnover, the shortcomings of traditional documentation and onboarding, and the value of scalable mentorship in today’s fast-paced world (including a fun analogy with Japanese kintsugi!). Together, they discuss actionable ways to identify essential team members, document their unique contributions, and maintain company values as organizations grow or face workforce changes. Whether you’re an entrepreneur, leader, or HR professional, this episode is packed with practical tips for investing in your team and future-proofing your company’s operations. Check out Ben's work! www.lithyus.com https://www.lithyus.com/free-resources#2026toolkit https://www.linkedin.com/in/benbomar/ https://www.linkedin.com/company/lithyus/…
People in this episode
Host: Kurt Schmidt
Guest: Ben Bomar
Topics covered
- institutional knowledge
- employee turnover
- mentorship
- business succession
- team investment
- organizational growth
Keywords
- institutional knowledge
- employee retention
- mentorship
- business strategy
- organizational change
- team dynamics
- knowledge transfer
Mentioned in this episode
Organizations: Lithyus, Schmidt Consulting, LinkedIn, YouTube, Instagram
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