This is great, but what if you have a monthly growth. For example, if I do a monthly view and do these same calculation with a growth of lets say 2% month over month. When I take the total volume from that and apply it to the yearly view, the FTE requirements don't match? Any insights? For example in the monthly view by December you may need 45 FTE but in the yearly view it will say 43FTE. I believe this is due to it being a static yearly total. How can I go around this?
Hi, While doing calculation on monthly basis, we have the advantage of having short data to be analyzed to reflect the number of FTE required. But while doing calculation for whole year, we are predicting for complete year by using any of forecasting method and finding out the FTE. Data changes throughout year and on the basis of monthly FTE can be different from yearly FTE requirement.
very good
Thanks
excellent. thanks
You are welcome!
Very helpful 😊
Glad it was helpful!
This is great, but what if you have a monthly growth. For example, if I do a monthly view and do these same calculation with a growth of lets say 2% month over month. When I take the total volume from that and apply it to the yearly view, the FTE requirements don't match? Any insights? For example in the monthly view by December you may need 45 FTE but in the yearly view it will say 43FTE. I believe this is due to it being a static yearly total. How can I go around this?
Hi, While doing calculation on monthly basis, we have the advantage of having short data to be analyzed to reflect the number of FTE required. But while doing calculation for whole year, we are predicting for complete year by using any of forecasting method and finding out the FTE. Data changes throughout year and on the basis of monthly FTE can be different from yearly FTE requirement.