multi –skilled workforce slide (2)

MULTI-SKILLED WORKFORCE

COST SAVING AND PRODUCTIVITY INCREASING STRATEGY

MULTI-SKILLED WORKFORCE DEFINITION

A multi-skilled workforce is one in which the worker possess a range

of skills. He work across craft boundaries

MULTI-SKILLING ADVANTAGES

Multi-skilling increase labour productivity

Reduce number of trade people Cater for critical skill shortage Create more flexible labour force Improves project performance Better utilization of current pool of of

skilled workers Allow full deployment of qualification

across the projects

MULTISKILL SAVINGS – FROM THREE SECTORS

FIRST SECTOR-SAVING IN INDIRECT LAOUR COST-IDLE HOURS PAY

-HOLIDAY PAY--ACCIDENT –PAY

-EMPLOYEE ACCOMMODATION –-EXPENSE-EMPLOYEE -PASSAGE EXPENSE

-EMPLOYEE TRAINING EXPENSE -VISA EXPENSE ETC

SECOND SECTOR-INCREASE LABOUR PRODUCTIVITY

THIRD SECTOR-REDUCE LABOUR TURN OVER

• -

RESEARCH REPORTS

Research Results (Centre for Construction Industry

Studies &American Society of Civil Engineers )

)MULTI-SKILL SAVINGS

5 to 20% labour cost savings, 35% reduction in required work force 47% increase in average employment

duration

SAVINGS IN REDUCING LABOUR COST A STUDY

Project Value : $ 70,000,000

Labour Cost Saving 5 to 20%

Assumed Labour Cost : 10% of the project value

Labour Cost for the project : 10% of $ 70,0000,000 - $ 7,000,000 SAVINGS5 to 20% of $7,000,000 = $35,000 to $1,400,000

SAVINGS IN REDUCING WORKFORCE -35%- A STUDY

TOTAL SAVINGS IN MULTISKIILINGLabor Cost Savings - $ 1,400,000

Workforce Management Cost Savings – $ 1,225,000

PROJECT COST -$ 70,000,000ASSUMED WORKFORCE MANGEMENT -5%5% OF 70,000,00 -$ 3,500,000Savings in workforce management cost 35% of 3,500,00= $ 1,225,000

PRACTICAL SUCCESS OF MULTISKILL LABOUR FORCE

BUILDING AND CONSTRUCTION AUTHORITY OF SINGAPORE INTRODUCED MULTISKILLED

CERTIFICATION .www.bca.gov.sg

MULTI-SKILL HUNT

MULTISKILL HUNTING TARGETMan is of innumerous abilities – Explore the abilities

Changing the obsolete labour concept

Skill check list of individual labours

Improved payment to improved skill

METAMORPHOSIS EFFECT IN MULTI-SKILLING

AN EMPLOYEES COMES OUT THRU A METAMORPHOSIS AND TURNS INTO A MULTI -

SKILLED

AS SAME AS THE EGG OF A BUTTERFLY, WHILE A HUMAN RESOURCES IS IMPLANTED

IT GOES THRU A METAMORPHOSIS AND FLIES OUT LIKE A BEAUTIFUL BUTTERFLY

AFTER A PERIOD OF WORK -CYCLE

A MULTI-SKILLED WORKER IS AN ASSET & A CAPITAL

In Human Resource Accounting concept a Multi-skilled worker enhance the Human Asset & Capital Value in the

Balance Sheet of the Organization

A PRESENTATION BY ANIL KUMAR The Big 5 ,

Construction and Building Material Show,

on 26th Nov 2013 at Dubai World Trade Centre

FUTURE TOWERS CONTRACTING DUBAIEmail : ‘anil@aqqgroup.com ; vk.anil.k@gmail.com’Call +971 55 9 7 87 665