Posts tagged Hire Targets
Issue #19: Perfecting Premium Pay: Hiring FTEs within the Goldilocks Zone

How does your hospital manage position approvals? We've observed 3 methods:  Hiring to budgeted FTEs, approvals based on productivity performance, or customized department FTE hire targets based on total annual projected labor spend. Hire targets provide a specific FTE value for departments to maintain by considering volume-driven monthly FTE needs and total annual labor cost.  For best results, start with the most cost effective option and make adjustments from there by carefully considering the operational feasibility of flexing up. Remember: the best way to address chronic vacancies is to hire ahead of turnover!

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