FTE Hours Formula:
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FTE (Full Time Equivalent) Hours represents the number of working hours equivalent to a full-time employee. It's calculated by multiplying the FTE value by standard working hours.
The calculator uses the FTE Hours formula:
Where:
Explanation: The equation converts FTE (a ratio) into actual hours by scaling it against standard full-time hours.
Details: FTE Hours helps in workforce planning, budgeting, and comparing labor resources across different organizations or departments.
Tips: Enter FTE as a decimal (e.g., 0.75 for 3/4 time) and standard hours as the full-time hours for your organization (typically 35-40 hours/week).
Q1: What is a typical FTE value?
A: 1.0 represents a full-time employee, 0.5 represents half-time, etc. Values can range from 0 to any positive number.
Q2: What are standard hours?
A: This varies by organization but is typically 35-40 hours per week for full-time positions.
Q3: Can FTE be greater than 1.0?
A: Yes, an FTE > 1.0 represents more than a standard full-time workload (e.g., overtime or multiple jobs).
Q4: How is this different from headcount?
A: FTE accounts for part-time work, while headcount counts each employee as 1 regardless of hours worked.
Q5: Why calculate FTE Hours?
A: It helps compare labor resources accurately when employees work different schedules or hours.