Assignment:Projection of Future FTE Needs

Description of the Assignment

This assignment is in two scenario-based sections each related to staffing budgets. In the first, the student will perform multistep calculations of FTEs and projection of future FTE needs for a selected nursing unit. The second section involves calculation of budget variance and its analysis. Each section requires supported written interpretation of findings.

Criteria for Content

Answer the questions and complete the calculations required for the two sections of the assignment.

Key points related to Calculations:

When performing calculations, standard rounding rules apply. If the number to the right of the decimal is less than 5, round down to the nearest whole number, e.g., 33.4 = 33 If the number to the right of the decimal is 5 or greater, round up to the nearest whole number, e.g. 33.5 =34.
Read the question carefully. Pay close attention to the units be asked and keep them consistent. For example, hours vs FTEs; days vs months vs years.
Provide ALL formulas with references. Designate which formula associates with which source. It is not sufficient to simply list the source at the beginning of the section. Write out the formula used BEFORE filling in the numbers.
Example: Efficiency Variance + Volume Variance + Cost Variance = Total Variance

Rundio, A. (2016). The nurse manager’s guide to budgeting and finance. 2nd. Ed., Indianapolis, IN: Sigma Theta Tau International.

Looking for ;

Institute of Medicine Report – The Future of Nursing?
IOM Future of nursing essay assignment?
IOM Future of nursing recommendations essay assignment?
IOM report the future of nursing: leading change, advancing health essay assignment?
The vision of nursing for the future essay assignment?
Influencing the future of nursing and health care essay assignment?

Check out a sample paper that Explores What the Future in Nursing will be like

Section One: Staffing Budget and FTEs
Calculations of full-time equivalents (FTEs)
Project FTE needs related to census changes
Section Two: Variance Analysis
Calculating variance
Variance analysis with explanation
Download the Assignment Word Document and submit your answers directly onto the form. When completed, upload into the assignment portal in your course. For the questions requiring a written response, please adhere to proper grammar and syntax, and provide references. For the questions requiring calculations, show all your work including the formula used. Include the references for formula chosen.

attachment
NR533Week4_Staffing_FTE_VarAnalysisAGR

 

24/7 Nursing Homework Help

Stuck with your nursing assignment? From Essays to Complicated Dissertations? Our accredited nursing paper writers can answer it all!