×
INTELLIGENT WORK FORUMS
FOR ENGINEERING PROFESSIONALS

Log In

Come Join Us!

Are you an
Engineering professional?
Join Eng-Tips Forums!
  • Talk With Other Members
  • Be Notified Of Responses
    To Your Posts
  • Keyword Search
  • One-Click Access To Your
    Favorite Forums
  • Automated Signatures
    On Your Posts
  • Best Of All, It's Free!
  • Students Click Here

*Eng-Tips's functionality depends on members receiving e-mail. By joining you are opting in to receive e-mail.

Posting Guidelines

Promoting, selling, recruiting, coursework and thesis posting is forbidden.

Students Click Here

Jobs

Annual Engineering Cost Savings

Annual Engineering Cost Savings

Annual Engineering Cost Savings

(OP)
How much should an organization expect invidual plant engineers to generate in cost savings?  Should it be expressed on a percentage basis [i.e. 2% cost savings per year] or as a function of individual salaries [i.e. 2 times one's annual salary]?

RE: Annual Engineering Cost Savings

A few years back I negotiated a raise and control of two departments using this argument.  Unfortunately, I didn't keep my notes.  If memory serves me, I found this info in an article that was available on Proquest.com (I was an MBA student, so I had free access).  I'm almost sure it was based on a percentage of an organization's annual capital and maintenance spending.  Something to the effect that an organization could expect x% savings in their capital and maintenance budgets if it had a dedicated plant engineer's position.  Somewhere in my office I have the files from the PC I was using at the time.  I can't promise you anything, but I will look.

SteamJetPE
Ejectors, LRVPs, Hybrids
Troubleshooting, startup, design

Red Flag This Post

Please let us know here why this post is inappropriate. Reasons such as off-topic, duplicates, flames, illegal, vulgar, or students posting their homework.

Red Flag Submitted

Thank you for helping keep Eng-Tips Forums free from inappropriate posts.
The Eng-Tips staff will check this out and take appropriate action.

Reply To This Thread

Posting in the Eng-Tips forums is a member-only feature.

Click Here to join Eng-Tips and talk with other members!


Resources