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StrategyDriven Resource Projection Best Practice Article

Resource Projection Best Practice 5 – The 40 Hour Work Week

For the purposes of personnel resource estimation, what is an individual worth? The answer may seem obvious. A full-time equivalent (FTE) or full-time employee is typically considered to be 'worth' 2000 hours of labor per year; calculated as the product of fifty, 40 hour work weeks.


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Resource Projection Best Practice 4 – 80 Percent Efficiency Estimate

Human beings are social creatures having both emotional and physical needs. Businesses able to satisfy these needs will be better positioned to attract and retain talented personnel; giving these businesses a much needed advantage in the increasingly knowledge driven marketplace where human resources are increasingly limited. Such organizations will further benefit from increased worker engagement because employees feel more connected and valued.


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