Thursday, August 26, 2010

HR Metrics : ( FTE )

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Metric Definition : FTE is an abbreviation for full-time equivalent. Full-time equivalents represent the total labor hours invested. To convert part-time staff into FTEs, divide the total number of hours worked by part-time employees during the work year by the total number of hours in the work year (e.g., if the average work week is 48 hours, total number of hours in a work year would be 48 hours/week x 52 weeks = 2496). Converting the number of employees to FTEs provides a more accurate understanding of the level of effort being applied in an organization.