FTE is short for full time equivalent.
An FTE is the hours worked by one employee on a full-time basis.
FTE helps employers to measure how many full-time employees they have, along with the number of part-time employees that can be translated into full-time terms.
Formula to calculate FTE.
Example:
Suppose the working hours for January are 150, calculate the FTE if the employee worked for 300.
Therefore, the FTE is 2.
