Calculate Full Time Equivalent against the Full time and Part time working hours
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FTE stands for Full Time Equivalent. It is a standard measurement used to represent the total number of full-time hours worked by employees. This metrics helps the organizations to compare workloads and staffing levels, regardless of whether employees are working as full-time or part-time.
To use this calculator, you need to input:
The FTE value represents the equivalent number of full-time employees based on the hours worked by your staff. For example, an FTE of 2.5 means that the total work done is equivalent to 2.5 full-time employees.
FTE is calculated by taking the total number of hours worked by all employees (both full-time and part-time) and dividing it by the number of hours considered to be full-time.
Yes, this calculator can assist in budgeting by providing insights into staffing costs based on the number of full-time equivalents. This helps the organizations allocate resources more effectively.
Yes, this FTE calculator is suitable for various types of organizations, including businesses, non-profits, and educational institutions, as it helps in workforce planning and resource allocation.
If your part-time employees have varying hours, you can calculate the total hours worked by all part-time employees in a week, divide that total by number of part-time employees. This will provide you their average weekly working hours. You can use that number to input in the above calculator.
Yes, this calculator is completely free to use.
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