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CAN YOU AFFORD NOT TO HAVE ASSET MANAGEMENT SOFTWARE?

Renewable Energy Asset Management Software

In recent years, you’ve probably noticed an uptake in colleagues working remotely.
While the trend is opening up new avenues to better your workforce, it comes with growing pains as employers adjust to evolving dynamics between themselves and remote workers. A blurring of the traditional to 5, more time spent out of office and more work done via mobile devices has driven a modern twist to an old problem: corporate amnesia. While it’s likely your concerns for preserving knowledge, data and content have accompanied the departure of employees, its time to also consider how remote styles of collaboration are affecting your efficiency.  
 
This issue stands at the heart of why we built PowerHub, and has led us to ask an important question: what are the costs of corporate amnesia and how can they be minimized? In fact, building better communications practices is easier than ever, even as your team becomes more dispersed. To that end, we decided to break down the subject and explain how centralizing your data and building virtual workspaces can safeguard your assets.
 
We’re confident you can sympathize with the mounting costs of on-boarding new members to your organization. It’s been estimated that new hires can run their employers upward of nine months’ salary, where percentage of annual salary devoted to on-boarding increases with expertise. Beyond these visible expenses, however, can you be sure various assets are safe as generations of your workforce come and go? These are your intangible costs, the ones you don’t often realize you’re about to face…until you face them. Losses in productivity, engagement and even those incurred adjusting to new business cultures are particularly important to consider for a remote workforce facing communication barriers.
With potential costs of turnover in mind, having the right tools in place during times of transition starts to make a lot more senseRenewable energyasset management platforms like PowerHub aim to centralize institutional knowledge and facilitate greater labor mobility to drive down costs, especially as you add a more mobile workforce to that equationWe’re a bit biased, but given the costs in time and money, we think an asset management platform should be as vital to you as your favourite O&M manager. Although the costs of hiring are unavoidable, your ability to make information accessible means new additions are more productive from day one. 
So, consider using an asset manager as your hub for vital information, allowing your team to work from a single playbook regardless of location. Documents are uploaded and readily available to share, and communications and tasks from previous team members are easily re-assigned when someone new is ready to take on the role.
While change can be daunting, a bit of innovation goes a long way to ensure your business remains adaptable and competitive. In an era where transition and collaboration take on an increasingly virtual character, look toward limiting impacts of corporate amnesia and make your team more efficient and effective.
 
Want to learn more about other ways PowerHub can save your organization’sresources? Book a demo with us today and find out how we’re simplifying asset management. 

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