The formula to calculate the Full-Time Equivalent (FTE) is:
\[ FTE = \frac{WHE}{SE} \]
Where:
The Full-Time Equivalent (FTE) is a metric used to represent the total work hours of all employees in terms of the equivalent number of full-time employees. It helps organizations understand the total workforce capacity by converting part-time and full-time work hours into a standardized measure.
Example 1:
Step 1: Divide the total work hours by the single full-time employee work hours:
\[ FTE = \frac{800}{40} = 20 \]
The Full-Time Equivalent (FTE) is 20.
Example 2:
Step 1: Divide the total work hours by the single full-time employee work hours:
\[ FTE = \frac{1200}{35} \approx 34.29 \]
The Full-Time Equivalent (FTE) is approximately 34.29.