Full-time equivalent

Full-time equivalent (FTE)

Full-time equivalent (FTE) or full-time equivalent employee can be defined as the number of full-time employees that could have been engaged for the amount of work received. It is a unit that indicates the workload of an employed person in a way that makes workloads or class loads comparable across various contexts.

Pronunciation

Full-time equivalent: /ˈfʊl taɪm ɪˈkwɪvələnt/

Etymology

The term "full-time equivalent" is derived from the English words "full", "time", and "equivalent". The term is used to standardize the measurement of an employee's involvement in a project.

Related Terms

Definition

A full-time equivalent is considered to be about 40 hours per week for an employee or student. For example, if the full-time week is 40 hours, but the employee or student works 20 hours, they are considered a 0.5 FTE.

Calculation

The FTE calculation is a measure of the total on-the-job hours required by an employer divided by the maximum number of hours a full-time employee would work. For example, if the total hours required by an employer is 80 hours per week, and a full-time employee works 40 hours, then the employer has a need for 2 FTEs.

Use in Healthcare

In healthcare, FTE is used to measure the equivalent staffing of full-time workers, considering both full-time and part-time employees. This is particularly important in healthcare settings where patient care is provided 24 hours a day, seven days a week.

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Full-time equivalent