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Recurring Financial Gains

Recurring Financial Gains 101keys 2017-05-29T17:08:27+00:00

Your Recurring Financial Gains: $3,000 to $10,000 / Year

Our data compilation indicates that in most organizations, approximately 30% of the technical staff (operators, adjusters, mechanics, electromechanics and electrical engineers), above and beyond their degrees and experience, show a low potential in troubleshooting and mechanical settings or in electrical engineering troubleshooting. Do you know the loss of income brought about by the low productivity of these employees in your company?

THE FOLLOWING EXAMPLES WILL HELP YOU DO THE MATH:

  • The value added productivity of an operator/adjuster represents between 3 and 6 times his labour cost
  • On machines of similar complexity, let’s assume a 5% performance gap between the low potential operators/adjusters
    compared to the top performers in your company.

OPERATORS / ADJUSTERS

Example 1
based on:

  1. annual labour costs of $55 000
  2. a productivity of 4 times the labour cost
  3. a 5% performance gap

Result: The average loss of earnings created by each one
of the low potential employees is:
$55,000 x 4 x 5% = at least $11 000 per year

MAINTENANCE

( MECHANICS / ELECTROMECHANICS / ELECTRICAL ENGINEERS )

Example 2
Based on:

  1. annual labour costs of $70 000
  2. a performance gap of 15%

Result: The average loss of earnings created by each
one of these low potential maintenance specialists is:
$70 000 x 15% = $10 500 or more, per year + longer machine
downtime production losses and a lower efficiency
caused by inappropriate repairs.

Assisting manufacturers evaluate the PERFORMANCE potential of technical employees

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