Full-Time Equivalents (FTE)

Date created: Feb 11, 2019  •   Last updated: Feb 25, 2022

What is Full-Time Equivalents?

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.

Full-Time Equivalents Formula

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

How to calculate Full-Time Equivalents

If you have 10 full-time employees, a bookkeeper who works 2 days each week, and a student who currently only works 3 days a week, the calculation would be as follows: 10 full-time employees + 2/5 for the bookkeeper + 3/5 for the student = 11 FTE

Start tracking your Full-Time Equivalents data

Use Klipfolio PowerMetrics, our free analytics tool, to monitor your data.

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What is a good Full-Time Equivalents benchmark?

Full-Time Equivalents benchmarks

Number of Full Time Equivalent (FTE) Employees by ARR

Number of Full Time Equivalent (FTE) Employees by ARR
OpenView, Sep 2019
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How to visualize Full-Time Equivalents?

Use a summary chart to visualize your Full-Time Equivalents data and compare it to a previous time period.

Full-Time Equivalents visualization example

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Full-Time Equivalents

66

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3.96

vs previous period

Summary Chart

Here's an example of how to visualize your current Full-Time Equivalents data in comparison to a previous time period or date range.
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Full-Time Equivalents

65.66

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3.94

vs previous period

Summary Chart

Here's an example of how to visualize your current Full-Time Equivalents data in comparison to a previous time period or date range.

More about Full-Time Equivalents

From a financial point of view, knowing what your FTE number is, allows you to more easily calculate a variety of performance metrics, such as Revenue per FTE.

Knowing how many FTEs you have is also important from a legal and government reporting aspect, with different opportunities and obligations regulating smaller and larger companies.

Read more about how to think about FTEs and what implications this has as you grow your business, check out this article from Small Business.