Reference no: EM132631101

Calculate the FTEs needed next year to Annualize Staffing

To annualize your staffing plan, you need to convert the staff's net paid days worked to a factor. The office is open and staffed seven days a week, due to your contracts with two managed care plans. The group practice pays for 8 holidays, 5 sick days, and 1 education day each year. An employee must work one full year to earn 5 vacation days. An employee must have worked full time for three full years before earning 10 annual vacation days. Because the turnover is so high, nobody on staff has earned more than 5 vacation days.

Required:

Problem 1. Compute Net Paid Days Worked for a full-time employee in the physicians' group.

Problem 2. Convert Net Paid Days Worked to a factor so you can annualize your staffing plan.