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WordNet-Online
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Definitions from the WebTerm: Full Time EquivalentDefinition: Full Time Equivalent (FTE) is a unit that indicates the workload of an employed person, taking into account the full-time hours worked. It is often used to compare the workload of part-time employees to that of full-time employees. Senses/Usages:1. Noun - Human Resources: Definition: The number of working hours that represents the total workload of an employee. Example Sentence: The company hired three part-time employees whose full time equivalent is equivalent to two full-time employees. 2. Noun - Finance: Definition: The measure employed by organizations to assess and compare the costs and productivity of full-time and part-time workers. Example Sentence: The finance department uses the concept of full time equivalent to determine the overall budget for the team. 3. Adjective - Job Postings: Definition: Describes employment positions that require the commitment of full-time hours. Example Sentence: The company is seeking a full time equivalent employee to fill the vacant position. Related Products on Amazon: | ||||
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