Essays on FTE

Forecast

The forecast is an arranging mechanism that helps the administration in its endeavors to adapt to the instability without bounds, depending predominantly on information from the over a significant time span and examination of patterns. Forecast begins with particular suspicions taking into account the administration's experience, knowledge, and judgment. (“Forecast,” n.d.) Sample scenario would be: The social insurance director that shares a future spending plan arrange, or has an anticipated date for the association for the future must forecast his or her information in the method for forthcoming events. It is essential for the chief to see how to anticipate or break ...

Production Possibilities Frontier

The production possibilities curve is a geometric representation of production combinations of two products that can be achieved with an economy using the available resources efficiently. The resources are fixed and the technological condition in the economy constant. Any production along production possibility curve represents an efficient and full employment of the available limited resources (Fte.org, 2014). The diagram above shows a PPC in a nation’s economy. The above economy can only produce product Y and X. If the economy uses all its resources and technological conditions efficiently, it will produce along the PPC curve (Krugman & Wells, 2006). Different points ...

Question 1

Workings: Beach Director Annual salary = 47,000 - Social security payment

Payable up to $45,000

First 3 months = 312 × 45,000 × 7.51% = 844.875 Last 9 months from 1 January = 912 × 45,000 × 8% = 2,700.00

Total social security payment 3,544.875

- Health insurance = 1,250. Beach Director is entitled to full health insurance since the FTE is 1. - Life insurance benefits 0.85% of annual salary 0.85% × 47,000 = 399.50

Assistant Beach Director

Annual salary = 35,000 - Social security payment Payable up to $45,000 First 3 months = 312 × 35,000 × 7.51% = 657.125 Last 9 months from 1 January = ...

The FTE values were gotten by taking the values for the first quarter then multiplying by 3 which is the number of months for the first quarter. Then to get the FY 2003 budget value, one needs to multiply the value of the first quarter by 4. The values are subsequently added to get the gross value within that given fiscal year. For the side of the last column of the spreadsheet, the total calculation is gotten by multiplying the last value, which is the value of the Q1 by 4 to the get the total amount that ...

Revamp Planning Document

Project Charter (Piscopo, 2013). Executive Summary Employee compensation and benefits packages have been found to be central components of the employee decision-making process to accept offers and remain in current positions. The company recognizes the need for an update and review of the current compensation and benefits package due to recent company growth and maturity. This project will undertake this revamping process in order to bring the company better in line with its business competitors in order to promote employee alignment, engagement and stronger business results (Yates and Sejen, 2011).

Project Purpose/Justification

The redevelopment of the compensation and benefits ...