Operations Excellence

Webinar

Workforce Efficiency: Utilizing Benchmark Data During Annual FTE Budget Process

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The largest operating expense for any hospital is typically staffing costs. Developing a sound approach to budgeting for staff during the budget process is critical in helping the organization plan goals and identify gaps in actual versus budget spending as the year unfolds.

Join us as we demonstrate how using benchmarks at the department level for the annual staffing budget process can set an organization up for goal success. We will review the different types of available benchmarks, the importance of a Labor Steering Committee, and discuss the impact that overtime, on-call, premium pay, and agencies can have on the budget for dollars and FTEs.

Learning Objectives:

  • Learn how to assess current staffing levels against benchmarks
  • Understand the importance of a Labor Steering Committee to enforce adherence to the benchmarks
  • Learn the impacts that overtime, on-call, premium pay, and agency fees can have on the budget

Who Should Attend:

  • CFO
  • Controller
  • Director of Finance
  • Senior Executive Leaders responsible for FTE budgets

Presenters