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FTE TRACKING

LoBue's approach to an accurate and timely tracking of FTE

THE NEED
  Tracking and reporting FTE in larger organizations is often a cumbersome manual task. The process of reconciling to payroll is time consuming and often elusive. Significant management time can be expended on this routine yet necessary effort.

THE SOLUTION
  LoBue works with our client to establish a "baseline" tracking of FTE by department reconciled to payroll records. People are then trained on this simple yet comprehensive tool. MIS is easily available on such changes as:
  • Transfers between departments or units
  • Leaves of absence
  • Part time and temporary staffing
  • Terminations by type

THE RESULTS
  Once established, the FTE tracking mechanism provides accurate and timely reconciliation of staffing to payroll by department and unit on an ongoing basis. Transfers between units as well as terminations and temporary and part time staffing are tracked. Reporting is simplified and maintenance is facilitated.
   
~Typical Performance Results~
Key Performance Indicators Supervisor & FTE Reporting Payroll Reconciliation
Typical Range of Results 50 - 75% 30 - 50%




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