Which of the following would be the BEST long-term solution to address the concern regarding loss of experienced staff?

Knowledge management practices focus on systematically capturing, organizing, storing, retrieving, and sharing explicit and tacit knowledge within an organization. This ensures that critical information, processes, and expertise are not lost when experienced staff depart, providing a sustainable, long-term solution to talent retention challenges.

Establishing a mentoring program is beneficial for staff development and transferring knowledge, but it is a more direct, one-to-one approach and may not capture all institutional knowledge as comprehensively or systematically as a formal knowledge management system.

Determining key risk indicators (KRIs) helps to monitor and predict potential risks, including staff attrition, but it is a monitoring tool, not a solution to mitigate the impact of losing experienced staff.

Retaining key staff as consultants is a short-to-medium term contingency plan that maintains access to specific individuals but does not build an organizational repository of knowledge or address the underlying vulnerability to knowledge loss from future departures.