Functional safety: A growing concern
It is very simple, quality safety practices mean manufacturers will be more profitable and that is one reason why industrial process industry is experiencing dynamic growth in functional process safety applications.
It is very simple, quality safety practices mean manufacturers will be more profitable and that is one reason why industrial process industry is experiencing dynamic growth in functional process safety applications.
Much of this growth comes from increased awareness of destruction of property, injuries and loss of life associated with tragic events that garner attention across the globe.
In addition, companies have a moral and legal obligation to limit risk posed by their operations. Because of their social responsibilities, the cost of litigation measuring in the billions of dollars has caught the eye of risk management executives worldwide.
As a result, management recognizes the financial rewards of utilizing a properly designed process system that optimizes reliability and safety. That’s why companies are now actively taking steps to comply with worldwide safety standards such IEC 61508/61511.
To accomplish this, safety practitioners need a new generation of equipment specifically designed and approved for use in safety instrumented systems that utilize electrical and or electronic and or programmable technologies.
Click here for more information on how to find the right type of equipment for your safety solution.
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2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.