Budgeting for Pool Positions

Included on Positions in Personnel Budgeting is a setting for creating pooled positions: “Is Pool”.

When set, the FTE value of that position will be multiplied by the compensation indicated in the assigned pay items to determine the total compensation for that position. A special note under the list of pay items reminds you that compensation for this position is based on the FTE value assigned.

Create A Pooled Position

1. Go To Personnel Budgeting > Scenarios > Positions Tab
2. Click the pencil icon of the position you want to make pooled
3. Check 'Is Pooled'
4. Enter the FTE value of the position 

How To Calculate the Correct FTE

1. (Total Hours Worked) / (Your Full Time Equivalent Work Week) = x
2. (x) * (number of employees who we need to budget for)

Example:

My interns will work 20 hour weeks. 

My company's full time equivalent work week is 40 hours. (20/40) = .5

I have 6 interns. (.5)*(6) = 3

The FTE I will apply will be 3

The FTE value of that position will be multiplied by the compensation indicated in the assigned pay items to determine the total compensation for that position. 

NOTE: If you use a pay item with a limit for your social security tax, you will want to use a separate pay item, with no limit, for pool positions.

Use the filter on the Positions list to select only Pool positions for review.