NSG 6620 Week 4: Strategies for Establishing an FTE Budget
NSG 6620 Week 4 Discussion 2
Discussion Question 2: Strategies for Establishing an FTE Budget
Budgeting is a critical and essential component of nursing and patient care. Without proper support for nurses to provide patient-centered care, the organizational mission and goals will not be met.
Full-time equivalent (FTE) measures the number of employees working in an organization, assuming they all work on a full-time basis. It measures each employee’s involvement in the organization. Unit managers and CNOs must have fundamental skills and competencies to establish an FTE budget. NSG 6620 Week 4: Strategies for Establishing an FTE Budget.
Using the readings for the week, the South University Online Library, and the Internet, respond to the following:
- Describe various strategies used for establishing an FTE budget.
- Examine the advantages and disadvantages of each strategy.
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- Discuss how the unit manager or CNO elicits input into the FTE budget.
- Describe one software program utilized by the unit manager or CNO to formulate an FTE budget.
- Identify the timeline a nurse manager or CNO would utilize to plan the development of an FTE budget.
- Comment on the postings of at least two peers. NSG 6620 Week 4: Strategies for Establishing an FTE Budget.
Evaluation Criteria:
- Described various strategies used for establishing an FTE budget.
- Examined the advantages and disadvantages of using each strategy.
- Discussed how the unit manager or CNO elicits input into the FTE budget. NSG 6620 Week 4: Strategies for Establishing an FTE Budget
- Described one software program utilized by the unit manager or CNO to formulate an FTE budget.
- Identified the timeline a nurse manager or CNO would utilize to plan the development of an FTE budget.
- Justified your answers with appropriate research and reasoning.
- Commented on the postings of at least two peers. NSG 6620 Week 4: Strategies for Establishing an FTE Budget.