Full Time Equivalent or "FTE" means the full-time
Full Time Equivalent means the standard used by a State in defining full-time employment, but not less than 30 hours per week. For purposes of counting full-time equivalent teacher positions, a teacher working part of his or her total hours in a position that is designated as a teacher shortage area is counted on a pro rata basis cor- responding to the percentage of his or her working hours spent in such a posi- tion.
Full Time Equivalent or “FTE” means the equivalent of one individual working 35 hours in a standard 7 day week (excluding breaks). More than one individual may together make up the FTE requirement;
Examples of Full Time Equivalent in a sentence
Regular Work Week (Hours) Regular Work Week (Shifts) Full-Time Calculatio n Full- Time Equival ent Part-Time (3 shift example assuming full shifts) Full-Time Equivalent 37.5 5 37.5/3.75 1 22.5/37.5 0.6 35 5 35/35 1 21/35 0.6 35 4 35/35 1 26.25/35 0.75 34 4 34/34 1 25.5/34 0.75 This formula is then used at the end of the year to calculate FTE’s for that fiscal year.
More Definitions of Full Time Equivalent
Full Time Equivalent or "FTE" shall mean the equivalent of a full-time scientist's work time over a twelve-month period (including normal vacations, sick days and holidays). The portion of an FTE year devoted by a scientist to the Research Program shall be determined by dividing the number of full days during any twelve-month period devoted by such employee to the Research Program by the total number of working days during such twelve-month period.
Full Time Equivalent. (FTE) means the number of full time, part time or other basis employees of a business and its affiliates, in which the employee wages are paid directly from the business, as determined by IRS Federal hourly calculation criteria.
Full Time Equivalent. (FTE) means the decimal equivalent of a position, e.g., one full-time position is 1.00 FTE and one quarter-time position is 0.25 FTE.
Full Time Equivalent service means the amount of service compared to a work schedule of at least thirty (30) hours per week. For example, an employee who works 15 hours per week for 3 years and 30 or more hours per week for 2 years has 3.5 full-time equivalent years of service.
Full Time Equivalent means the number of scheduled hours of work in a week that equals one full‐time employee.
Full Time Equivalent. Employees (the “FTE’s”) shall be the number arrived at by dividing the total hours paid by the Applicant to their Eligible Full Time Employees during a Year divided by 2080 hours, and then rounded down to the nearest tenth; provided, however, the maximum hours paid that can be counted for any one Eligible Full Time Employee shall not exceed 40 hours per week. Salaried employees shall be presumed to have been paid on the basis of 40 hours per week.
Full Time Equivalent or "FTE" means the full-time equivalency compensation for staffing the relevant position at an Organizational Unit.