Our People are our Most Important Asset: Making Money Between the Safety Limits

摘要

Companies in the process industries in high-wage, developed nations face a challenge. Much of the normal, routine manufacturing business has moved to offshore nations where labor costs are much lower. Similarly, engineering companies have moved much of their work to lower cost nations. Operating companies also face a second, more subtle challenge. Many of the normal operations that used to be controlled by operators and supervisors are now managed by sophisticated instrumentation systems. Given these circumstances, management of facilities in developed nations must address what competitive advantages they possess, and more specifically how they can use the skills and knowledge of their high-wage personnel in order to justify the high wages.