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Finacial Impact of PTO on Rockford Hospital

July 12, 1999
Related Topics: Attendance, Featured Article
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HOURS

 

Pre-PTO

1993

1994

1995*

Regular
(difference)

3,559,978

3,537,272
-1%

3,603,494
+1%

3,742,509
+5%

PTO
(difference)

240,259

275,481
+15%

283,354
+18%

304,564
+27%

OT
(difference)

120,132

92,003
-23%

108,884
-9%

128,119
+7%

Unscheduled
(difference)

151,258

99,423
-34%

97,472
-36%

99,158
-34%

DOLLARS

 

Pre-PTO

1993

1994

1995*

OT
(difference)

2,249,328

1,765,644
-36%
-$483,684

2,065,362
-8%
-$183,966

2,525,318
+12%
+$275,990

Unscheduled
(difference)

1,959,167

1,278,832
-34%
-$680,335

1,293,649
-34%
-$665,518

1,322,237
-32%
-$636,930

*Annualized based on eight months of data.
Note: Difference reflects numbers in 1993-1995 as compared to Pre-PTO.

Based on the above, PTO had a positive impact of $2,700,000 over three years. Savings included:

$391,660 saved in OT_$483,684 + $183,966 - $275,990).

$1,982,783 spent for employees at work instead of paying for non-productive pay for time not worked(unscheduled absences); $680,335 + $665,518 + $636,930. This means, increased productivity at no additional cost.

$350,000 saved in 1993 due to less temporary help needed from internal and external pools.

SOURCE: Rockford Memorial Hospital

Personnel Journal, March 1996, Vol. 75, No. 3, p. 118.

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