FTE Equation:
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FTE (Full Time Equivalent) is a unit that indicates the workload of an employee in a way that makes workloads comparable across various contexts. An FTE of 1.0 means the employee works full-time, while 0.5 would mean half-time.
The calculator uses the FTE equation:
Where:
Explanation: The equation calculates what portion of a full-time position the part-time hours represent.
Details: FTE is crucial for workforce planning, budgeting, and comparing staffing levels across departments or organizations. It helps standardize measurement of employee time regardless of actual hours worked.
Tips: Enter part-time hours and full-time hours (typically 40 hours/week in the US). Both values must be positive numbers, with full-time hours greater than zero.
Q1: What is considered full-time hours?
A: This varies by country and organization. In the US, 40 hours/week is standard, but check your local regulations.
Q2: How do I calculate FTE for multiple part-time employees?
A: Sum all their part-time hours, then divide by full-time hours. For example, two 20-hour employees = 40/40 = 1.0 FTE.
Q3: Can FTE be greater than 1.0?
A: Yes, if an employee works more than standard full-time hours. For example, 50 hours with 40-hour standard = 1.25 FTE.
Q4: How is FTE used in workforce planning?
A: FTEs help determine staffing needs, budget allocations, and compare departments regardless of actual headcount.
Q5: What's the difference between headcount and FTE?
A: Headcount is the actual number of employees, while FTE measures total workload in equivalent full-time positions.