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Example One: Reduction of Overtime
Searching for staff to fill open positions is a very time consuming and costly process. In a manual scheduling environment, it is difficult to determine the most cost-effective resource to place in an open position. Many times, overtime is utilized when there are other qualified candidates available who have not yet exceeded their standard weekly hours. iNOVAR® assists in reducing overtime by quickly providing a list of qualified resources that have not exceeded their maximum work hours for a given week.

The example below calculates potential cost savings based on overtime reduction.

Overtime Cost Savings

PositionAvg.
Hourly
Rate
Overtime
Rate
Overtime $
per/hour
*Avg.
Overtime
Hours
per/week
Overtime $
per/week
Secretaries$10$15$560$300
Nursing Assistants$20$30$10100$1,000
Registered Nurses$25$38$13100$1,250
  Total Monthly Overtime Cost$2,550
  Total Annual Overtime Cost$132,600
 *Average Overtime Hours are an estimate.
 Proposed Savings based on Overtime ReductionAnnual Cost
Savings
 30% Reduction of Overtime Hours$39,780
 40% Reduction of Overtime Hours$53,040
 50% Reduction of Overtime Hours$66,300
 60% Reduction of Overtime Hours$79,560

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