The silo effect can be crippling for larger organisations as it leads to doubling up on efforts, miscommunications, pointless paperwork and processes. In this blog, we explain how our software can help knock down information silos.
If you haven't already, stop what you’re doing and check out the Mitrefinch ROI calculator.
It's well worth having a play around with this simple tool that you can use to analyse your company's situation. It assists in determining the immediate impact that implementing a Mitrefinch time and attendance system could have on your company’s bottom line in terms of reducing overpayments, human error, and administration costs.
But while these are definitely important, visible and tangible cost savings Mitrefinch can help you with, are they the only areas of savings and benefit for implementing our system? Not by a long shot! Mitrefinch software helps you get the most out of your entire workforce – whether full-timers, contractors, or contingent workers – as improvements can be found in a myriad of areas. Here’s why…
For many larger corporations in particular, the various jobs of planning, scheduling, tracking, managing and paying workers are often split up among many different departments. Through no fault of their own, not all of these parties are able to communicate with each other and share important data clearly. They may not even be aware of the problems and opportunities other departments are facing or deem them worthy of mention.
This type of fragmentation is sometimes referred to as the 'silo effect' or an 'information silo' – the metaphor being that silos on a farm hold their grains (information) separately to the silos next to them – with no sharing (or communication) in between.
Such a phenomenon can be crippling for larger organisations as it leads to doubling up on efforts, miscommunications, pointless paperwork and processes, and, of course, wasted time.
With the Mitrefinch system, employee data, rosters, schedules, planning, job information and more is held in the one place thus reducing the impact of silos, resulting in better decision-making and creating giant leaps forward for fostering a knowledge-based company.