What does FTE stand for?

Question

in business

Answer 1

Full Time Equivalent. Basically, you can take the total payroll of a company including part time people and divide it by the average cost of a single full time employee and you get the theoretical number of full time employees if the entire work force worked full time. It's often used as a way of measuring the approximate size of a work force when comparing companies because different companies will have different mixes of full and part time employees.