FTE Formula:
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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 different contexts. One FTE equals 40 hours per week (the standard full-time work schedule).
The calculator uses the FTE formula:
Where:
Explanation: The equation converts part-time hours into a decimal value representing the equivalent full-time position.
Details: FTE calculations are essential for workforce planning, budgeting, and comparing staffing levels across organizations or departments.
Tips: Enter the actual hours worked per week. The calculator will automatically compute the FTE value (1.0 = full-time, 0.5 = half-time, etc.).
Q1: What does 1.0 FTE mean?
A: 1.0 FTE represents a full-time employee working 40 hours per week.
Q2: What does 0.75 FTE mean?
A: 0.75 FTE represents an employee working 30 hours per week (75% of full-time).
Q3: Can FTE be more than 1.0?
A: Yes, FTE can exceed 1.0 for employees working overtime (e.g., 50 hours = 1.25 FTE).
Q4: Is 40 hours always the standard?
A: While 40 hours is most common, some organizations use different standards (e.g., 37.5 hours). Adjust the denominator accordingly.
Q5: How is FTE used in budgeting?
A: FTEs help calculate total labor costs by converting various part-time schedules into comparable full-time units.