Stunt
Diamond Member
I know this can be a difficult thing to measure and/or calculate as most positions add value to a company one way or another. If you work in technical support, your company could receive less sales if your service is less than adequate or poor.
I'm talking above and beyond your normal day to day job; what cost savings or value have you added to your company in the last year or so? Have these amounts been reflected in your salary increases or have you negotiated better compensation for these cost savings.
I am currently a process engineer managing the plant services department at a manufacturing facility, and also take on the role of ehs coordinator. When i was hired i replaced two employees, and the plant services department includes; electricians, millwrights, machinists, tool/die, maintenance crew. I am not considering the maintenance of equipment or reduced liability from safety as a cost savings.
I calculated my cost savings for the year and the grand total was $1.8million over my ~2 year term there.
The breakdown:
$160k in reduced operator labour (through better scheduling)
$160k in reduced forklift labour (elaborate time study and combining job duties)
$19k in reduced packaging labour
$260k in reduced changeover time
$210k in reduced spoilage
$250k in reduced downtime
$130k in reduced raw material input
$500k streamlining product specs
$150k in reduced inventory
Just felt the need to anonymously share this with someone...I can't exactly go around telling people who know details about my company/personal life. 🙂
I'm talking above and beyond your normal day to day job; what cost savings or value have you added to your company in the last year or so? Have these amounts been reflected in your salary increases or have you negotiated better compensation for these cost savings.
I am currently a process engineer managing the plant services department at a manufacturing facility, and also take on the role of ehs coordinator. When i was hired i replaced two employees, and the plant services department includes; electricians, millwrights, machinists, tool/die, maintenance crew. I am not considering the maintenance of equipment or reduced liability from safety as a cost savings.
I calculated my cost savings for the year and the grand total was $1.8million over my ~2 year term there.
The breakdown:
$160k in reduced operator labour (through better scheduling)
$160k in reduced forklift labour (elaborate time study and combining job duties)
$19k in reduced packaging labour
$260k in reduced changeover time
$210k in reduced spoilage
$250k in reduced downtime
$130k in reduced raw material input
$500k streamlining product specs
$150k in reduced inventory
Just felt the need to anonymously share this with someone...I can't exactly go around telling people who know details about my company/personal life. 🙂
