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Aspen Medical Devices - Helping you get a toe-hold on your life. Winning the Hearts & Minds of Our Employees. Hendra Harapan - Plant Manager Michael May - President Frances May - HR Manager Lee Haring - Production Manager Steve Wolf - Sales Chris Reh - Comptroller. Project Development.

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Presentation Transcript
winning the hearts minds of our employees

Aspen Medical Devices - Helping you get a toe-hold on your life

Winning the Hearts & Minds of Our Employees

Hendra Harapan - Plant Manager

Michael May - President

Frances May - HR Manager

Lee Haring - Production Manager

Steve Wolf - Sales

Chris Reh - Comptroller

project development
Project Development
  • Identified significant EHS issues
  • Conducted a value-weighted risk assessment
  • Developed a balanced scorecard for dealing with low employee morale and exposure perceptions in Molding - will have benefits throughout the workplace
  • Performed a financial analysis
objectives
Objectives
  • Increase employee understanding of total exposure risk in the molding department
project benefits
Tangible

Elimination of employee OSHA complaints

Increase in productivity

Document exposures

Provide Hazard Communication Training to employees

Reduce absenteeism

Decrease overtime costs

Validate need for engineering controls

Intangible

Improve employee morale

Improve management credibility

Employees become goodwill ambassadors for company

Improve company’s reputation for recruiting and keeping employees

Project Benefits
financial analysis
Financial Analysis
  • PV Savings - $131K
  • Net Present Value of Savings - $191K
  • Payback Period - 2.1 Years
  • ROI in 4 Years - 325%
  • IRR - 4.5 Million%
conclusions and recommendations
Conclusions and Recommendations
  • IRR 4.5 Million %
  • Any Questions????
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