Finacial Impact of PTO on Rockford Hospital

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.