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How this is calculated
- Daily hours = census × HPRD (current or target).
- Daily staff = daily hours ÷ shift length, rounded up.
- Additional daily staff = target daily staff − current daily staff (never below 0).
- Additional daily cost = (target daily hours − current daily hours) × hourly rate (never below 0).
- Annualized FTE = shift length × 365 × daily staff ÷ 2,080, rounded up.
- Cost to hire = additional daily staff × hiring cost for that role.
- Monthly cost = daily cost × 30. Annual cost = daily cost × 365.