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What is the difference?

Full Time Employee vs Full Time Equivalent

Full-Time Employees

Full-Time Equivalents

What is it?

Full-Time Employees generally work more than 4 days or 30 hours a week and are permanently employed, as opposed to being temporary or seasonal. In many countries, a Full-Time Employee is also entitled to health-care benefits and vacation pay among other legal employment standards.

Full-Time Equivalents (FTE) is a calculated metric that adds all of the true full-time employees to the fractional values for all part-time employees, contractors, students and interns.

Formula

ƒ Count(Full-Time Employees)
ƒ Count(Full-Time-Employees) + Sum(fractional contribution for all Non-Full-Time Employees)

Published and updated dates

Date created: Feb 11, 2019

Latest update: Mar 15, 2021

Date created: Feb 11, 2019

Latest update: Sep 17, 2020