FTE = Total hours worked by all employees ÷ Full-time hours for the period
Determine the standard full-time hours for the period
Add all hours worked by part-time, full-time, and temporary employees
Divide total worked hours by the full-time hours benchmark
Example: 80 total hours ÷ 40 full-time hours = 2.0 FTE
Example: 120 total hours ÷ 40 full-time hours = 3.0 FTE
Annual FTE = Total annual hours worked ÷ Annual full-time hours
Monthly FTE = Total monthly hours worked ÷ Monthly full-time hours
Weekly FTE = Total weekly hours worked ÷ Weekly full-time hours