For the uninitiated, FTE’s or Full Time Equivalents, is a ratio between the total number of paid hours during a period and the number of working hours in that period. The ratio units are FTE units or equivalent employees working full-time. In other words, one FTE is equivalent to one employee working full-time – sort of.
For example, having one priest, presumably with more assignments, commuting between two parishes did not seem “equivalent” to me, but I kept that thought to myself. My friend, a doctor at a nearby hospital knows all about FTE’s. It’s a codeword in healthcare used to describe head chopping in the name of cost reduction. It’s a convenient way to dice up people’s work and then, like Dr. Frankenstein, sew them back together as if they were a whole.
How about in your organization? Are you employing real persons or Frankenstein Equivalents? Share a story.
O.L.D.
Don’t forget: Our next Tea Time with Toast Guy Webinar will be on Tuesday, August 12 from 3:00 – 3:45 p.m. The topic is "Creating a Realistic Pace for Improvement". Read more and register here. Bonus! We’ll select one person from the list of participants to win a free registration to our October 1-2 Northeast L.E.A.N. Conference. Learn more about the conference here.