Full-Time Equivalent

A Full-Time Equivalent is a resource unit that approximates the requirements for a full-time employee.

• AKA: FTE, WTE, Whole Time Equivalent.
• Context:
  • It is a measure of an employee's workload that represents the total number of hours worked by one employee on a full-time basis.
  • …
• Example(s):
  • 1 FTE employee works 40 hours per week.
  • 2 part-time employees working 20 hours each would equal 1 FTE.
  • A company has 10 employees, 8 of which are full-time and 2 are part-time, for a total of 9 FTE.
• Counter-Example(s):
  • Part-time Employees,
  • Contractors,
  • Freelancers.
• See: Cost Reduction, Workload, Employee Benefits.

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References

2023

• (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Full-time_equivalent Retrieved:2023-5-21.
  • Full-time equivalent (FTE), or whole time equivalent (WTE), is a unit of measurement that indicates the workload of an employed person (or student) in a way that makes workloads or class loads comparable across various contexts. FTE is often used to measure a worker's or student's involvement in a project, or to track cost reductions in an organization. An FTE of 1.0 is equivalent to a full-time worker or student, while an FTE of 0.5 signals half of a full work or school load.

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