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Full-Time Equivalent Employee (FTE)
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Full-Time Equivalent Employee (FTE)
Discuss workforce management, performance management, retention, communication, motivation, contributing to business results and other topics.
What is the basic calculation to calculate the average number of FTE. And what does it mean?
Thank you
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Forums » Topic Forums » General Forum » Full-Time Equivalent Employee (FTE)
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Full-Time Equivalent Employee (FTE)
posted at 9/19/1999 4:09 AM EDT
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Posts: 1
First: 9/19/1999 Last: 9/19/1999 |
FTE is "full time equivalent" as far as the definition. In most cases, this is for a "normal" 40 work week and the FTE is generally stated as 1.0, or 1.00, etc, where the number "1" is a full time position that's budgeted for the full year. Generally, the 1.0 also represents the budgeting of 2,080 hours in a year, and this includes no replacement costs, but does include holidays, leaves, etc. If you have to replace someone when they are out, your FTE for a position is more than 1.0.
For each 8 hour day of the FTE, it is stated as a .2, or 20% of 40 hours. Five days X .2 = 40 hours. In cases where the work week is more than 40 hours, it can still be stated as 1.0, but your total hours are not 2,80, but can be whatever your work year is set up as. In government, we have law enforcement at 2,184 and paramedics at 2,912 (24 on, 48 off), but the FTE is still 1.0. Now, if we calculated their time on the basis of 2,080, then the FTE for a 2,184 or a 2,912 position would be more than 1.0. Bob Carter Greensboro, NC |
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