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Full time equivalence is means of comparing the hours or days that an employee works with the standard hours or days of the company. An employee who works the standard number of hours at a company will have an FTE of 1.0 (100%), an employee working half the standard hours would have an FTE of 0.5 (50%). FTE is a useful tool in a number of calculations including how much leave entitlement a part time employee should be awarded, how much salary a part time employee should be awarded and how many full-time employees the company has.
The calculator below calculates FTE in two ways. One method calculates the number of days worked in the week against the standard number of days worked in the week. This calculation can be useful where an employee works a varying number of hours each day. The other method calculates the FTE as the contractual hours of the employee against the standard contractual hours of the company.
The following links provide additional information about FTE. The links are to pages on websites over which we have no control. This information is provided for reference only.
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