2.03 - Apply skills to manage plans and budgets to accomplish goals and objectives of hospitality and tourism destinations.

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Presentation transcript:

2.03 - Apply skills to manage plans and budgets to accomplish goals and objectives of hospitality and tourism destinations

Notebook Vocabulary Define from textbook Afternoon shift budgeting day shift full house house count Labor night shift property management system (PMS), schedule Staffing work shift

Determine number of employees and labor hours needed for bookings or reservations.

Full Time Equivalent (FTE) FTE stands for full time equivalent. An FTE is the equivalent of one person working full time: 8 hrs./day X 5 days/week X 52 weeks/year = 2080 hours/year Examples: 1 person working full time = 1 FTE 2 people each working 4 hours per day, 5 days per week = 1 FTE

Full Time Equivalent (FTE) How to Do It: 1. If you know your total number of labor hours for one year: Divide by 2080. This is your FTEs. Example: Your department's total labor hours as reported to payroll for Jan. - Dec. 1998 were 13,104. 13,104 ÷ 2080 = 6.3 FTEs Calculate the number of labor hours you require in one day. Divide by 8. This is your FTEs. Example: Your know your daily staffing uses 9 people working 8 hours, plus 1 person working 3 hours. You use some full-time and some part-time employees each day to achieve this. Your daily staffing = (9 people X 8 hrs.) + (1 person X 3 hrs.) = 75 people hours. 75 ÷ 8 = 9.375 FTEs.

Case Study