FTE Meaning: What Full-Time Equivalent Is, and the Two Ways to Calculate It
FTE stands for full-time equivalent. It is a unit of work capacity: 1.0 FTE is one person working a full-time schedule, and everything else is expressed as a fraction of that. Two people at 20 hours a week each come to 1.0 FTE in a company where full-time means 40. The formula is one line.