Discussion 2: NUR 621 Topic 3 Describe the difference between budgeted FTEs, replacement FTEs, and indirect work hours.
NUR 621 Topic 3 Discussion 2: Describe the difference between budgeted FTEs, replacement FTEs, and indirect work hours.
Topic 3 DQ 2
Assessment Description
Describe the difference between budgeted FTEs, replacement FTEs, and indirect work hours.
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Topic 3 DQ 2
Full-Time Equivalent (FTE) connotes the equivalent of a single full-time employee running for one year. It is computed based on 40 hours a week for 52 weeks (Kurniawan et al., 2022). FTE entails both productive and nonproductive time. A single employee working full-time 40 hours per week for one year characterizes one FTE. Similarly, two members of staff, each working 20 hours a week for one year, are comparable to one FTE. On the other hand, the replacement FTEs connote the number of FTEs needed to replace non-worked hours (Kuriakose et al., 2022). Determination of FTE and replacement FTEs are essential because they provide an accurate measurement of the number of full-time workers required to complete workloads and also ensure appropriate workforce planning (Kurniawan et al., 2022). Insights into FTE and replacement FTE also enable organizations to informed decisions across various areas such as financial management and human resource management.
Indirect work hours refer to hours spent on tasks that contribute to the organization’s performance but not to the production of goods and services. All labor work hours are classified as indirect work hours, except the work hours used in the practical production of goods and services (Sinambela & Djaelani, 2022). Indirect labor entails employees who are not directly engaged in generating goods or services while the cost of labor entails all labor not directly involved in changing raw materials into finished products or supplying services. Therefore, hours spent on supervision and support such as maintenance, management employees, administrative work, and janitorial can be classified as indirect work hours.
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References
Kuriakose, C., Stringer, M., Ziegler, A., Hsieh, C., Atashroo, M., Hendershott, J., … & Mahoney, M. (2022). Optimizing care teams by leveraging advanced practice providers through strategic workforce planning. JONA: The Journal of Nursing Administration, 52(9), 474-478. DOI: 10.1097/NNA.0000000000001185
Kurniawan, H., Yulianah, Y., & Shaura, R. K. (2022). Workload Analysis Using the Full Time Equivalent (FTE) Method to Optimizing Labor. Enrichment: Journal of Management, 12(4), 3058-3066. https://doi.org/10.35335/enrichment.v12i4.772
Sinambela, E. A., & Djaelani, M. (2022). Cost Behavior Analysis and Categorization. Journal of Social Science Studies (JOS3), 2(1), 13-16. https://ejournal.metromedia.education/index.php/jos3/article/view/18
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