Banking Staffing Updates
BANKING STAFFING UPDATE December 2021
Calculating Banking Staffing FTTE Usage for staff employed in Term 4
Total days, including weekends, from start date to final working date divided by 14, then multiplied by 1.3 gives total Fttes for term 4 if working 25 hours per week.
Adjust according to hours worked if less than 25 hours, thus multiply result above by 0.6 if 15 hours per week for example.
(This process is only valid for calculating term 4 ftte usage as it does not acknowledge holiday pay capping provisions applying in terms 1 to 3.)
Gavin Price NZPF Life Member 027 607 6220 gavin.price@xtra.co.nz www.bankingstaffing.co.nz
Calculating Banking Staffing FTTE Usage for staff employed in Term 4
Total days, including weekends, from start date to final working date divided by 14, then multiplied by 1.3 gives total Fttes for term 4 if working 25 hours per week.
Adjust according to hours worked if less than 25 hours, thus multiply result above by 0.6 if 15 hours per week for example.
(This process is only valid for calculating term 4 ftte usage as it does not acknowledge holiday pay capping provisions applying in terms 1 to 3.)
Gavin Price NZPF Life Member 027 607 6220 gavin.price@xtra.co.nz www.bankingstaffing.co.nz
Gold Business Partners
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National Office Address
Level 8, The Bayleys Building
36 Brandon Street
P O Box 25380 Wellington 6140
Tel: 04 471 2338
Level 8, The Bayleys Building
36 Brandon Street
P O Box 25380 Wellington 6140
Tel: 04 471 2338
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