Feedback: Practical labor rates
I have recently read an article you have written on "wrench time" which was published on the PlantServices.com website.
I found the article very enlightening, and it sparked a couple questions. How do you measure "wrench time" to provide the data to establish your current status? Is it a spot sample approach? How do you measure across different trades?
Would you be able to share the methodology you used to capture the data?
I work for a oil refinery in New Zealand, and we are looking to improve our competitiveness, but to date we have struggled to find a methodology to determine a fair base line starting point in which to measure our productivity improvements.
Any thoughts would be most appreciated.
Read the article: Practical labor rates - Tom Moriarty, P.E., CMRP, contributing editor, says they exceed base pay rates and, therefore, should be controlled.