budget-sec4A_6

Budget-sec4A_6 - Making the Calculations Stang and Salary Costs William J Ward Jr MBA Operating Budget Approaching It Making Calculations Service

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Making the Calculations: Staffing and Salary Costs: William J. Ward, Jr., MBA 1 Making the Calculations: Staffing and Salary Costs William J. Ward, Jr., MBA Johns Hopkins University 2 Operating Budget: Approaching It; Making Calculations Service volume Revenues Expenses 3 Determining Staffing Levels Projected workload Productivity data Projected staffing levels 4 Determining Staffing Levels 1,250 visits 500 visits per FTE 2.5 FTEs of sta± 5 Determining Staffing Levels Non-productive 10 holidays 20 vacation days 9 sick days 39 days o± x 8 hours/day 312 hours/year Productive 2,080 (40-hour week) 312 1,768 productive Productivity rate: 1,768/2,080 = 85% FTE gross up = 17/85% = 20 FTEs 6 Doing the Math “Right” Right way 17.00 workers .85 productivity rate 20.00 FTEs Wrong way 17.00 workers x .15 nonproductive 2.55 FTEs + 17.00 19.55 FTEs
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Making the Calculations: Staffing and Salary Costs: William J. Ward, Jr., MBA 2 7 Doing the Math “Right” Right way 17.00 workers
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This note was uploaded on 01/25/2012 for the course PH 551.603 taught by Professor / during the Spring '12 term at Johns Hopkins.

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Budget-sec4A_6 - Making the Calculations Stang and Salary Costs William J Ward Jr MBA Operating Budget Approaching It Making Calculations Service

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