Full Time Equivalent definition

Full Time Equivalent or "FTE" means the full-time

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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 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

• Failing the availability of the aforementioned financial information by each group, then the ratio using the number of Full Time Equivalent positions (FTE) covered by each group in the most recent policy year will be used.

• The per pupil Full Time Equivalent (FTE) rate for Partnership School shall be 80% of the most recent Comprehensive Annual Financial Report total expenditures in governmental funds after deductions for grants, school nutrition, construction and Extension funds divided by the total enrollment corresponding to the CAFR year (“Base Amount”).

• The per pupil Full Time Equivalent (FTE) rate for Charter School shall be equal to the amount the state determines annually for charter schools operated by the Milwaukee Area Technical College (MATC), the University of Wisconsin at Milwaukee (UWM) and the City of Milwaukee.

• Leave shall be pro-rated for eligible .50 or greater Full Time Equivalent staff.

• Hiring will always result in a net increase of Full Time Equivalent (FTE) employees.

More Definitions of Full Time Equivalent

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 or “FTE” means a unit of measure equivalent to one person working full-time. An FTE is calculated based on the CME’s work hours of a regular work week. Employees who work fewer hours than a regular work week have their hours divided by the regular full-time work week hours. An FTE of 1.0 is equivalent to full- time; an FTE of 0.5 is half of a full-time equivalent.

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 means forty (40) hours a week.

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.