What is FTE (Full-Time Equivalent)?
FTE (Full-Time Equivalent) is a unit of measurement that represents the work performed by an employee who is considered to work full-time, typically 40 hours per week. It is used to quantify the total number of hours worked by all employees, including part-time employees, in terms of the equivalent number of full-time workers. For example, if two part-time employees each work 20 hours per week, their combined hours would equal one FTE. FTE helps organizations assess staffing levels, calculate benefits, and make workforce planning decisions.