What Constitutes Full-Time Equivalent (FTE) and When Is Its Application Appropriate?

June 24, 2024 ⚊ 1 Min read ⚊ Views 35 ⚊ TECH

Full-Time Equivalent (FTE) measures an employee’s work hours compared to a full-time schedule. It’s used to standardize labor data, allowing organizations to compare part-time and full-time workloads, plan staffing, allocate resources, and analyze productivity effectively. FTE is crucial for budgeting, project management, and regulatory compliance.

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