Every team member knows that experience sharing is a good practice that simplifies activities and saves time. However, this is not just good practice but one of the most crucial factors to become a successful company.

Time And Resources

Let us start with something straightforward. The primary purpose of experience sharing is to share the best practices, ideas, and approaches to doing something. Such sharing at the first stage improves the quality of the result, simplifies or optimizes processes, and gives some other benefits.

The next consequent improvement is the possibility to save time. Good quality and adequately set processes can give a significant boost to the operations and internal work. The employees can also redo the work less often, and they will spend less time on the related bureaucracy.

So, the team that uses experience sharing can achieve better results with fewer resources and a shorter time. That is a sign of a successful company.

Communication and Synchronization

Now let us switch from technical aspects to communication. Experience sharing is a social interaction that improves communication between team members and indicating problems at early stages. Consequently, the company will have a better and warmer internal climate.

Another benefit is the easier work coordination. When all team members have a general idea of what every team member is doing, it is significantly easier to coordinate work. For example, suppose somebody has to transfer his responsibilities to another team member temporarily. In that case, this new person should already know about the possible interaction, points of contact, and general workflows he has to follow. Such a switch is quicker and causes less stress for both sides.

Finally, experience sharing brings transparency to both internal and external processes. When the team is aware of the company's situation and fully understands it, it is much easier to motivate it from the long-term perspective.

So, experience sharing is a best practice that every company has to follow to get better results, build a reliable team, and have a stable foundation for future development.