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What is Full-Time Equivalent (FTE)?
Full-time equivalent (FTE) is a measure of the workload of an employee or group of employees, used to calculate the number of full-time employees required to perform the same amount of work as a larger number of part-time or temporary employees. An FTE of 1.0 is equivalent to a full-time employee working a standard workweek, while an FTE of 0.5 would be equivalent to a half-time employee. For example, if an organization has 10 employees, each working 20 hours per week, the organization's FTE would be 10 employees x 20 hours/week = 200 hours/week, which is equivalent to 2.5 full-time employees (200 hours/week / 80 hours/week = 2.5 FTEs).
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