Interactive FTE Calculator
This calculator helps businesses determine the full-time equivalent of their workforce, providing insights into productivity and resource allocation.
Data Source and Methodology
All calculations are strictly based on standard human resource management formulas. For more details, refer to the official methodology.
The Formula Explained
The formula used:
FTE = \frac{\text{Total Hours Worked}}{\text{Full-Time Hours per Week}}
Glossary of Terms
- Total Hours Worked: Total number of hours worked by all employees in a given period.
- Full-Time Hours: Number of hours considered as full-time work in a week.
- FTE: Full-Time Equivalent, a unit that indicates the workload of an employed person.
How It Works: Step-by-Step Example
For example, if your company has employees working a total of 1600 hours in a week, and the full-time hours per week is 40, then:
The FTE calculation would be: FTE = \frac{1600}{40} = 40
Frequently Asked Questions (FAQ)
What is FTE?
FTE stands for Full-Time Equivalent and is a unit that indicates the workload of an employed person in a way that makes workloads comparable across various contexts.
How is FTE calculated?
FTE is calculated by dividing the total hours worked by all employees by the number of full-time working hours in a given time period.
Why is FTE important for businesses?
FTE helps businesses understand workforce utilization and manage resources more effectively.
What is considered full-time hours?
Full-time hours typically range from 35 to 40 hours per week, depending on the organization and country regulations.
Can FTE be greater than the number of actual employees?
Yes, if part-time employees work overtime or if additional hours are logged, the FTE can reflect a higher number than the actual headcount.