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I'm beginning to get a taste of that this year - we lost (or had stolen) a Partner K650 saw (price for replacement - $700). The only silver lining was that the saw didn't have much life left in it. But it was extremely frustrating.
One thing I was thinking about doing last year was setting up an incentive system, with one portion of it dedicated to tool loss/breakage. The idea was this: The crew foreman starts with $X in the 'tool bank'. For every tool that is lost or ruined, a percentage of the replacement cost is charged to that account. Use up all the funds in that account, and we start pulling funds from the other 2 incentive accounts. Burn up all the money and we sit down to discuss the foreman's future with the company.
Whatever $ are left at the end of the year, they get to keep.
This wasn't implemented, so I don't know how well it works (or if it works at all). But I may implement it next year, because we're ending up with too many broken hand tools, too many tape measure and utility knives going MIA.
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