To create a key performance indicator (KPI) for the permanent employee wages for a hospital, you will need to collect data on the wages being paid to permanent employees of the hospital. This data can be collected through the hospital's payroll system or by reviewing individual employee wage records.

Once you have collected this data, you can calculate the average permanent employee wage for the hospital by taking the sum of all permanent employee wages and dividing it by the total number of permanent employees.

Here's the formula for calculating average permanent employee wage:

Average Permanent Employee Wage = (Sum of all permanent employee wages / Total number of permanent employees)

It's important to note that the specific time period you choose to measure the average permanent employee wage will depend on the needs and goals of your healthcare organization. You may choose to measure this metric over a day, week, month, or any other time period that is relevant to your organization.

By tracking and analyzing the average permanent employee wage for the hospital over time, you can gain a better understanding of the hospital's labor costs and identify opportunities for improvement. This can help to optimize the hospital's labor costs and improve its overall financial performance. It's important to consider other factors that may impact the hospital's labor costs, such as employee benefits, training, and turnover, in order to get a comprehensive understanding of the hospital's labor expenses.