Project managers and budget analysts use FTE (Full-Time Equivalent) to convert part-time employee hours into full-time numbers. When estimating labor and overtime costs, you can use FTE figures to determine if you can afford a new hire. So, what is Full-Time Equivalent?

2025年3月25日 · Full-Time Equivalent (FTE) measures the total number of hours worked by employees in relation to a full-time work schedule. FTE calculations help employers track workforce size and budget for staffing costs. Calculating FTE allows for more accurate resource allocation and helps meet compliance with labor laws.

By calculating the FTE, you can easily see how much you spend on salary and other personnel costs. This makes it possible to plan and manage your budget more accurately, and to identify cost savings by looking at the ratio between hours worked and costs.

2025年3月3日 · Also known as whole-time equivalent (WTE), this decimal number or percentage documents the number of total hours employees work rather than the number of employees who worked. FTE is a standardized measurement for determining the cost of a project in terms of time, money and personnel.

Calculate your company's Full-Time Equivalent (FTE) employees for accurate business and workforce planning using our FTE Calculator.

2023年9月6日 · FTE can be calculated quickly in four simple steps. Based on an FTE of 1.0, we calculate employees work 2,080 hours per year. This does not include holidays and days of absence. Furthermore, this value is used only as a basis for calculating the annual FTE and reflects the hours of an employee who works 5 days a week, 8 hours a day.

2025年3月9日 · In just a few steps, I’ll show you how to calculate FTE for part-time employees, individual workers, and your whole company. I also cover how to calculate FTE salaries from part-time wages. The full-time equivalent, or FTE, represents the theoretical number of full-time staff that would deliver all your team’s work hours.

2023年11月23日 · Full-Time Equivalent (FTE) is a critical metric in workforce management that expresses the total workload of employees in terms of full-time positions. It is used to measure the number of full-time employees that a group of employees or …

2024年2月20日 · FTE, an abbreviation for “full time equivalent”, counts the approximate number of full-time employees employed by a specific company, but with the inclusion of part-time employees. Employers can use FTE to evaluate their hiring capacity and current payroll, as well as for reporting purposes related to labor laws and employee benefit programs.

2024年10月15日 · FTE refers to calculating the number of hours instead of the number of employees to forecast costs based on a full-time workweek. A full-time employee can be defined by a 40-hour workweek, 8-hours per day, 5 days per week. For example, an employee who works a full-time, 40-hour week would equal 1.0 FTE.