Calculating FTE (Full Time Equivalent) for Salary and Annual Leave
1. Part time staff working 52 weeks
Number of hours worked 37 Hours
For example an employee working 18.5 hours per week for 52 weeks the FTE would be calculated as follows:-
18.5 = 0.5 FTE 37
0.5 x Full time salary = Pro rata salary
0.5 x Full time annual leave entitlement = Pro rata annual leave
Pro rata annual leave may be calculated in days or hours, one day's annual leave for a full time member of staff is equivalent to 7 hours and 24 minutes.
2. Salary and Annual Leave Payments for Part Year Staff (Less than 52 weeks)
Part year staff are paid a twelfth of their annual salary on a monthly basis. Annual leave is deemed to be taken during scheduled non-working weeks. Payment for annual leave is included in the annual salary and is calculated as follows:-
No. of weeks worked x Annual Holidays = Number of days annual Number of weeks worked by a full time employee leave Entitlement
No. of weeks worked x Bank and Concessionary Holidays = No. of Bank and Number of weeks worked by a full time employee Concessionary Holidays
Annual Leave + Bank and Concessionary Days = Number of Additional 5 (days per week) Weeks Paid
3. Calculating an FTE for Part time staff working less than 52 weeks
The additional weeks paid are included within the FTE calculation for part time staff working less than 52 weeks. Annual leave (including bank and concessionary holidays) for full time employees are as follows:-
3.1 Grades 1 - 5
Annual Leave Entitlement = 25 days (For employees with less than 1 years service at UWIC)
Bank and Concessionary Holidays = 12 days
Total Annual Leave, Bank and Concessionary Holiday = 37 days ÷ 5 (days per week) = 7.4 weeks
Therefore a full time member of staff actually works
52 weeks - 7.4 weeks = 44.6 weeks
To calculate the number of weeks paid the following formula is used:-
Number of weeks worked 44.6 Weeks
To calculate an FTE this then needs to be multiplied by the following formula:-
Number of hours worked 37 Hours
For example an employee working 36 weeks per year and 18.5 hours per week with an annual leave entitlement of 25 days the FTE would be calculated as follows:-
36 x 18.5 = 0.40 FTE 44.6 37
0.4 x Full time salary = Pro rata salary
3.2 Grades 1-5
Annual Leave Entitlement = 30 days (For employees with over 1 years service at UWIC)
Bank and Concessionary Holidays = 12 days
Total Annual Leave, Bank and Concessionary Holiday = 42 days ÷ 5 days = 8.4 weeks
Therefore a full time member of staff actually works
52 weeks - 8.4 weeks = 43.6 weeks
To calculate the number of weeks paid the following formula is used:-
Number of weeks worked 43.6 Weeks
To calculate an FTE this then needs to be multiplied by the following formula:-
Number of hours worked 37 Hours
For example an employee working 36 weeks per year and 18.5 hours per week with an annual leave entitlement of 30 days the FTE would be calculated as follows:-
36 x 18.5 = 0.41 FTE 43.6 37
0.41 x Full time salary = Pro rata salary
3.3 Grades 6 - 9
Annual Leave Entitlement = 35 days
Bank and Concessionary Holidays = 12 days
Total Annual Leave, Bank and Concessionary Holiday = 47 days ÷ 5 days = 9.4 weeks
Therefore a full time member of staff actually works
52 weeks - 9.4 weeks = 42.6 weeks
To calculate the number of weeks paid the following formula is used:-
Number of weeks worked 42.6 Weeks
To calculate an FTE this then needs to be multiplied by the following formula:-
Number of hours worked 37 Hours
For example an employee working 36 weeks per year and 18.5 hours per week with an annual leave entitlement of 35 days the FTE would be calculated as follows:-
36 x 18.5 = 0.42 FTE 42.6 37
0.42 x Full time salary = Pro rata salary
take your hourly wage, multiply by 40 then multiply by 52
Gross Margin per full-time equivalent employee is measured as Gross Margin/number of full time equivalent employees. Gross Margin is revenue minus cost of goods sold. A full time equivalent employee is typically number of hours worked per week/40. If you have 2 part time employees who work 20 hours each per week, then you'd have 1 full time equivalent employee.
Full Time Equivalent.
In HR it means Full Time Employee In College terms, it can mean "Full Time Enrollment"
full time equivalancy for housekeeping in hospital
Large employers are defined as having 50 or more full-time equivalent employees. Small employers have fewer than 50 full-time equivalent employees.
employment opportunity time consuming
Full time.
Because unit costs are computed by departments or processes at fixed time intervals.
1/3
no load voltage - full load voltage by full load voltage
Students can receive the Pell Grant for a maximum of 12 semesters or the equivalent. This is equivalent to approximately 6 years of full-time undergraduate study.