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.
Who is it for?
Categories
Formula
ƒ Count(Full-Time Employees)
ƒ Count(Full-Time-Employees) + Sum(fractional contribution for all Non-Full-Time Employees)
Track this metric
Published and updated dates
Date created: Feb 11, 2019
Latest update: Mar 15, 2021
Date created: Feb 11, 2019
Latest update: Sep 17, 2020